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    Versatile Commercial Building in Brownwood Title is generated by Realmo AI

    2408 Coggin Avenue, Brownwood, TX 76801

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    Claim this Listing
    For Sale
    Under Contract
    $114,000

    Office - Brownwood, TX

    Type:Office
    Property size:
    1,750 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $65/SF
    Added:
    Apr 20, 2026
    Days on Market:
    27
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 2408 Coggin Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking features
    On Street
    Standard status
    Active Under Contract
    APN
    000000050845
    Size
    1,750 SF
    Lot size
    0.35 Acres

    Utilities

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

    Building Details

    Flooring type
    Carpet, Laminate, Vinyl
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Doug Allen
    Doug Allen

    Listing agent Doug Allen License #0604657

    Listing office United Country - Heart of Texas RE 952 A Early Blvd, Early, TX

    Listing date Apr 20, 2026

    MLS# 21220700 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.

    HighLights

    • Prime location on Coggin Avenue offering high visibility.
    • Versatile layout ideal for medical, dental, professional office, or retail use.
    • New roof being installed, reducing future maintenance costs.
    • Two parcels totaling approximately 0.35 acres on a corner lot.
    • Includes a detached 180 sq ft storage building.
    • Central heat and air for year‑round comfort.

    Overview

    Located at 2408 Coggin Ave in Brownwood, Texas, this commercial building offers approximately 1,750 sq ft on a corner lot. The property consists of two parcels totaling about 0.35 acres. Previously used as a doctor's office and prosthetic limb fabrication facility, it is well-suited for medical, dental, professional office, or retail use. The layout includes three exam rooms, a large versatile room, a private office, a staff office, a reception or waiting area, and a restroom. Central heat and air provide year-round comfort. A new roof is being installed by the seller. A detached 180 sq ft storage building with a roll-up door provides additional space for equipment, inventory, or supplies. Situated on Coggin Avenue, one of Brownwood’s main thoroughfares, the property offers strong visibility and high traffic exposure. The surrounding area includes established businesses, churches, restaurants, and local shopping, including Sliger’s Market. With some modifications, the property could also be adapted for retail or restaurant use. This presents an opportunity for an owner-user or investor seeking a flexible commercial property in a prime Brownwood location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A A Prosthetic Services Inc Orthotics & Prosthetics Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.9894519
    Latitude
    31.6987715

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    FAQs

    What type of property is this?
    Medical Office Space - Adaptable commercial property suitable for medical, office, or retail use.
    Where is this medical office space located?
    The property is located at 2408 Coggin Avenue Brownwood, TX.
    What is the asking price?
    The asking price for this property is $114,000.
    What are key features of this property?
    This property features: Prime location on Coggin Avenue offering high visibility.; Versatile layout ideal for medical, dental, professional office, or retail use.; New roof being installed, reducing future maintenance costs.
    (325) 643-1515
    We can help!
    Listing Contact
    Doug Allen
    Doug Allen
    Real Estate License ID: 0604657
    Learn More
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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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