Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    206 N Matthews St Bowie, TX 76230

    Sponsored
    For Sale
    $242,000

    Warehouse - Bowie, TX

    Type:Warehouse
    Property size:
    3,000 SF
    Lot size:
    0.85 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 24 at 12:06 pm

    Property Features for 206 N Matthews St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Standard status
    Active
    APN
    R000015311
    Parking features
    Off Street
    Size
    3,000 SF
    Lot size
    0.85 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Zoned (Heating)
    Cooling system
    Central Air, Electric, Zoned

    Building Details

    Year built
    1978
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristy Whiddon

    Sue Swint Realty (940) 872-5424

    Listing agent Kristy Whiddon (940) 872-5424 License #0411061

    Listing date Jan 13, 2026

    MLS# 21006847 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bowie Warehouse with Upgraded Office

    This 0.850-acre commercial property is located within city limits and has city utilities. It is suitable for businesses in construction, trade, or light industrial operations. The property includes a 50x60 metal building with steel beam support and a heavy-duty slab foundation. Improvements have been made to the electrical and lighting systems, and heating and cooling have been added to all office and public spaces. The reception area, executive office, kitchen, bath, and conference room have been remodeled with wall and ceiling treatments, granite countertops, and stainless steel sink and appliances. The warehouse has been reconfigured, and industrial cooling units have been repaired. The property has direct access and exposure along a main thoroughfare, providing visibility and accessibility. Ample yard space allows for expansion, parking, or material storage. Zoned for commercial use, this property is ready to support business operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bowie Climate Storage, Bowie Storage, 81 Storage, 3-E Storage

    Location Insight

    • Map
    • Local Demand
    City
    Bowie
    County
    Montague
    State
    Texas
    Longitude
    -97.85335597
    Latitude
    33.56256084

    Nearby Similar for Sale

    • $940,000
      1,276 SF

      Turnkey Equestrian Ranch with Home

      47.43-acre ranch with pastures, barns, equestrian facilities, and updated home.
      2886 S State Highway 59, Bowie, TX 76230
      View Details
    • $2,650,000
      271.00 Acres

      North Texas Ranch with Barndominium

      271-acre North Texas ranch featuring a barndominium and stocked lake.
      11710 Fm 2127, Bowie, TX 76230
      View Details
    • $1,350,000
      3,133 SF

      Working Ranch with Two Homes

      49.72 acre ranch featuring two homes and multiple amenities.
      2668 Upper Montague Rd, Bowie, TX 76230
      View Details
    • $549,999
      2,661 SF

      Remodeled Home on 12+ Acres

      Updated 3-bed, 2-bath home on 12.47 acres in Bowie, TX.
      584 W Alamo Rd, Bowie, TX 76230
      View Details
    • $995,000
      0.48 Acres

      High-Visibility Commercial Property on Busy Thoroughfare

      Versatile commercial property on a high-traffic highway in Bowie, TX.
      406 W Wise St, Bowie, TX 76230
      View Details
    • $925,000
      0.17 Acres

      Established Oil Change Business Opportunity

      Thriving oil change business in downtown Bowie, Texas for sale.
      108 E Wise St, Bowie, TX 76230
      View Details
    • $2,650,000
      1,800 SF

      North Texas Ranch with Barndominium

      271-acre North Texas ranch featuring a barndominium and stocked lake.
      11710 Fm 2127, Bowie, TX 76230
      View Details
    • $899,000
      1,525 SF

      Turnkey Recreational Ranch in Bowie, TX

      51-acre recreational ranch with home, barn, and hunting amenities.
      182 Private Rd 295, Bowie, TX 76230
      View Details
    • $1,100,000
      4,368 SF

      Versatile 40-Acre Multi-Dwelling Property

      40 acres with multiple dwellings, shop, and water wells.
      1341 Hildreth Pool Rd, Bowie, TX 76230
      View Details
    • $800,000
      4,368 SF

      Multi-Use Property with Shop & Wells

      10.75-acre property with multiple dwellings, shop, and water wells.
      1341 Hildreth Pool Rd, Bowie, TX 76230
      View Details
    • $785,000
      20.00 Acres

      Bowie Ranch with Stocked Pond

      20-acre ranch featuring a brick home, pond, and mature trees.
      0000 Crooked Creek Rd, Bowie, TX 76230
      View Details
    • $899,000
      51.00 Acres

      Turnkey Recreational Ranch in Bowie, TX

      51-acre recreational ranch with home, barn, and hunting amenities.
      182 Pr, Bowie, TX 76230
      View Details

    FAQs

    What type of property is this?
    Warehouse - 0.85-acre commercial property with upgraded office and warehouse space.
    Where is this warehouse located?
    The property is located at 206 N Matthews St Bowie, TX.
    What is the asking price?
    The asking price for this property is $242,000.
    What are key features of this property?
    This property features: - Large 0.85-acre commercial property with city utilities, ideal for construction, trade, or light industrial businesses.; - **50x60 metal building** with steel beam support and heavy-duty slab foundation.; - Remodeled office spaces including reception area, executive office, kitchen, bath, and conference room with granite countertops and stainless steel appliances.
    (940) 872-5424
    Request Owner's contact information
    206 N Matthews St Bowie, TX 76230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 N Matthews St
    Bowie, TX 76230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 N Matthews St Bowie, TX 76230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kristy Whiddon
    Real Estate License ID: 0411061
    (940) 872-5424
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.