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    Upstairs Creative Suite in Retail Building Title is generated by Realmo AI

    213 E Boyd Avenue, Boyd, TX 76023

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    Claim this Listing
    For Lease
    $1,150 /Mo

    COMMERCIAL - Boyd, TX

    Lot size:
    0.27 Acres
    Added:
    Mar 1, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 213 E Boyd Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Driveway, Carport
    Standard status
    Active
    APN
    768808
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Description
    LOT PT 16-20 BLK 17 ORIGINAL BOYD

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Vinyl, Wood
    Roof type
    Composition

    We can help!

    Listing Contact
    Cynthia Bynum
    Cynthia Bynum

    Listing agent Cynthia Bynum License #0603865

    Listing office Trinity Territory Azle, TX

    Listing date Mar 1, 2026

    MLS# 21193699

    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.

    HighLights

    • Upstairs commercial space for rent suitable for a seamstress, longarm quilter, or sewing professional
    • Downstairs is home to Dancing Orchid Fabrics, a full‑service fabric store
    • Lease includes all utilities (electric, water, etc.), internet, and trash service
    • Access to downstairs kitchen and bathroom included with the lease
    • Public water and public sewer
    • 1930 building with central heating and central air; roof is composition

    Overview

    This property offers an upstairs commercial space within a larger retail building, suited for creative work and client appointments. Downstairs is currently occupied by Dancing Orchid Fabrics, creating an on-site environment tailored to the sewing and quilting community. The lease includes utilities such as electric and water, internet, and trash service, along with access to the downstairs kitchen and bathroom.

    The building is set up for shared convenience while keeping the upstairs area as the primary workspace for a new tenant. With the fabric store operating below, the space benefits from being located in a business that naturally draws customers interested in related crafts and supplies.

    This suite is a strong fit for a seamstress, longarm quilter, sewing professional, or another sewing-and-quilting focused operator looking to grow in a creative setting with an established retail neighbor. Tenants who value straightforward included services and practical shared amenities should find the arrangement especially workable for day-to-day operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Island Vibes Frenchies Pet Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Boyd
    County
    Wise
    State
    Texas
    Longitude
    -97.56282
    Latitude
    33.077644

    Nearby Similar for Lease

    • $1,150/Mo
      312 SF

      Commercial Space Ideal for Seamstress

      Upstairs commercial space perfect for seamstress or quilting professional.
      213 E Boyd Avenue, Boyd, TX 76023
      View Details
    • $4,000/Mo
      4,000 SF

      FM 51 Commercial Space

      4000 SF commercial space on FM 51.
      9614 S Fm 51, Boyd, TX 76023
      View Details

    FAQs

    What type of property is this?
    Creative space - Ideal for sewing and quilting businesses seeking a dedicated upstairs workspace with utilities and internet included.
    Where is this creative space located?
    The property is located at 213 E Boyd Avenue Boyd, TX.
    What is the lease rate?
    The lease rate is $1,150 /Mo.
    What are key features of this property?
    This property features: Upstairs commercial space for rent suitable for a seamstress, longarm quilter, or sewing professional; Downstairs is home to Dancing Orchid Fabrics, a full‑service fabric store; Lease includes all utilities (electric, water, etc.), internet, and trash service
    (214) 704-5213
    We can help!
    Listing Contact
    Cynthia Bynum
    Cynthia Bynum
    Real Estate License ID: 0603865
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    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.

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