Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 Gilmer Street Sulphur Springs, TX 75482

    View on Map
    Claim this Listing
    For Lease
    Under Contract
    $1,600 /Mo

    Retail - Sulphur Springs, TX

    Type:Retail
    Property size:
    1,474 SF
    Lot size:
    0.03 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    10
    Last Refresh:
    May 2 at 1:06 am

    Property Features for 400 Gilmer Street

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking features
    Off Street, Parking Lot
    Standard status
    Active Under Contract
    APN
    R000003235
    Size
    1,474 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1953
    Flooring type
    Vinyl
    Roof type
    Synthetic
    Architectural style
    Other

    We can help!

    Listing Contact
    Carrie Chase Nuckolls
    Carrie Chase Nuckolls

    Listing agent Carrie Chase Nuckolls License #0508822

    Listing office Century 21 First Group 1067 Gilmer Street, Sulphur Springs, TX

    Listing date Apr 23, 2026

    MLS# 21135309 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.

    Overview

    Remodeled Storefront in High-Traffic Center

    This 1,474 sq ft commercial storefront is located in a high-traffic shopping center, offering excellent visibility and ample parking. The space is suitable for professional offices, retail, boutique services, or specialty business use. Remodeled approximately five years ago, the interior features a modern atmosphere with quality finishes. National brands serve as anchors, bringing foot traffic, and the property is walkable to downtown shops, restaurants, and live music. The layout includes a front room (approximately 24x20), a private office (13x9), a middle room (24x14), and a back storage area (24x16). A functional kitchen area (11x7) is equipped with a sink, cabinets, and counter space. The property also includes a half bath (7x7). Customer parking is available in front, with additional designated parking spaces behind the building included in the lease. Located in Sulphur Springs, Texas, this commercial space is an opportunity for businesses seeking a functional environment in an accessible setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John Berning Agency ... Insurance Agency Head2Toe Nutrition Physician Snap Fitness Sulphur ... Gym & Fitness Center SignaTech Solar Solar Energy Company Hill Family Chiropractic Alternative Medicine Practice

    Suggested Use

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

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

    Similar Places Nearby

    • Danna's and The Florist of Sulphur Springs — 438 Gilmer St, Sulphur Springs, TX 75482
    • April Showers II — 128 S Davis St, Sulphur Springs, TX 75482

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.60145
    Latitude
    33.133695

    Nearby Similar for Lease

    • $1,500/Mo

      Sulphur Springs Retail/Office Space

      750 SF space in high-traffic area, suitable for various businesses.
      200 Shannon Road W, Sulphur Springs, TX 75482
      View Details
    • $4,500/Mo

      Downtown Sulphur Springs Office Space

      High-visibility office space in thriving downtown Sulphur Springs.
      521 Main Street, Sulphur Springs, TX 75482
      View Details
    • $1,100/Mo

      Office Space in Sulphur Springs

      Office space available for rent in Sulphur Springs, TX.
      1325 E Shannon Road E, Sulphur Springs, TX 75482
      View Details
    • $1,000/Mo

      Retail Space in Sulphur Springs

      Commercial space in busy plaza off I-130 in Sulphur Springs.
      468 Shannon Road W, Sulphur Springs, TX 75482
      View Details
    • $1,600/Mo

      Remodeled Storefront in High-Traffic Center

      Versatile 1,474 sq ft commercial space for lease.
      400 Gilmer Street, Sulphur Springs, TX 75482
      View Details
    • $1,500/Mo

      Retail/Office Space For Lease

      750 SF retail/office space in high-traffic area.
      200 Shannon Road W #206, Sulphur Springs, TX 75482
      View Details
    • $1,100/Mo

      Sulphur Springs Office Space Available

      Office unit for rent in Sulphur Springs, Texas.
      1325 E Shannon Road E #B, Sulphur Springs, TX 75482
      View Details
    • $10 SF/Yr

      Retail Space in Sulphur Springs

      Retail property available for lease in Sulphur Springs, TX.
      1123-1185 S Broadway St , Sulphur Springs, TX
      View Details
    • Contact for pricing

      Sulphur Springs Retail Sublet Opportunity

      In-line retail space in a vibrant commercial area.
      1707 S Broadway St, Sulphur Springs, TX 75482
      View Details
    • Contact for pricing

      Retail Space in Established Center

      Retail space available in Sulphur Springs shopping center.
      1185 S Broadway St, Sulphur Springs, TX 75482
      View Details

    FAQs

    What type of property is this?
    Storefront property - Well-maintained 1,474 sq ft commercial space in Sulphur Springs, TX.
    Where is this storefront property located?
    The property is located at 400 Gilmer Street Sulphur Springs, TX.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: High‑traffic location in an established shopping center with excellent visibility and ample parking.; Versatile 1,474 sq ft space suitable for various business types.; Modern, inviting interior with quality finishes, remodeled approximately five years ago.
    (903) 885-3146
    We can help!
    Listing Contact
    Carrie Chase Nuckolls
    Carrie Chase Nuckolls
    Real Estate License ID: 0508822
    Learn More
    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

    400 Gilmer Street, Sulphur Springs, TX 75482

    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!