Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office or Retail in Jasper Title is generated by Realmo AI

    308 E Lamar St., Jasper, TX 75951

    View on Map
    Claim this Listing
    For Sale
    $179,000

    Office - Jasper, TX

    Type:Office
    Property size:
    1,696 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $105/SF
    Added:
    Dec 12, 2025
    Days on Market:
    164
    Last Refresh:
    May 25 at 11:06 am

    Property Features for 308 E Lamar St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    Na Not Applicable
    Exterior features
    Brick
    Standard status
    Active
    Size
    1,696 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Denise Cox-Delay

    Listing agent Denise Cox-Delay

    Listing office 1st Choice Real Estate 150 W. Gibson St. Ste 300, Jasper, TX

    Listing date Dec 12, 2025

    MLS# 65107408 Listing URL

    Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High visibility location at the intersection of downtown and Hwy 96/Wheeler St.
    • Suitable for retail or office space.
    • Craftsman style architecture enhances curb appeal.
    • Brick exterior.
    • Brick construction materials.
    • Natural gas forced air heating.

    Overview

    This property offers a combination of downtown area and highway visibility. The building's craftsman style enhances its curb appeal. With 1,696 square feet on a 0.238-acre lot, this property is suitable for retail or office space. It is located in Jasper, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Jasper
    State
    Texas
    Longitude
    -93.997778
    Latitude
    30.922101

    Nearby Similar for Sale

    • $400,000
      14,816 SF

      Downtown Jasper Commercial Opportunity

      Commercial building with tenants in place on 1.742 acres.
      109 Water Street, Jasper, TX 75951
      View Details
    • $99,000
      7,000 SF

      Mixed-Use Warehouse and Retail Space

      Mixed-use property with retail and warehouse space for sale.
      132 S Austin Street, Jasper, TX 75951
      View Details
    • $135,000
      2,580 SF

      Versatile Commercial Property with Shop

      Commercial property featuring a spacious metal shop and additional building.
      2018 S Wheeler Street, Jasper, TX 75951
      View Details
    • $300,000
      4,950 SF

      Downtown Jasper Commercial Building

      Versatile commercial building in downtown Jasper, ready for business.
      130 West HOUSTON, Jasper, TX 75951
      View Details
    • $489,000
      7,600 SF

      Jasper Retail and Warehouse Opportunity

      Retail building, warehouse, and rental homes on a corner lot.
      1855 S Wheeler Street, Jasper, TX 75951
      View Details
    • $220,000
      1,500 SF

      Retail Property on State Hwy 190

      Versatile retail space with high visibility and accessibility.
      202 W Gibson, Jasper, TX 75951
      View Details
    • $175,000
      4,100 SF

      Warehouse and Storage Investment Opportunity

      1.825-acre property with warehouse and storage units near Hwy 190.
      274 County Road 168, Jasper, TX 75951
      View Details
    • $220,000
      1,500 SF

      Retail Property on State Hwy 190

      Versatile retail space with excellent visibility and accessibility.
      202 W Gibson Street, Jasper, TX 75951
      View Details
    • $320,000
      11,616 SF

      Commercial Building with Highway Frontage

      Commercial building with office, showroom, and warehouse space for sale.
      4190 US Hwy 96 N, Jasper, TX 75951
      View Details
    • $375,000
      6,209 SF

      Two Warehouse Buildings in Jasper

      Two warehouse buildings with office space and parking.
      1835 Fletcher Street, Jasper, TX 75951
      View Details
    • $179,000
      1,978 SF

      Converted Office Space For Sale

      Arts and Crafts style office space in Jasper, Texas.
      342 E Milam Street, Jasper, TX 75951
      View Details
    • $320,000

      Commercial Building with Highway Frontage

      Commercial building with frontage on Highway 96N in Jasper, TX.
      4190 US Hwy 96 N, Jasper, TX 75951
      View Details

    FAQs

    What type of property is this?
    Office units - Downtown Jasper building suitable for office or retail use.
    Where is this office units located?
    The property is located at 308 E Lamar St. Jasper, TX.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: High visibility location at the intersection of downtown and Hwy 96/Wheeler St.; Suitable for retail or office space.; Craftsman style architecture enhances curb appeal.
    (409) 382-9353
    We can help!
    Listing Contact
    Denise Cox-Delay
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    308 E Lamar St., Jasper, TX 75951
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!