Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Brady, TX Investment Opportunity Title is generated by Realmo AI

    405 S Bridge Street, Brady, TX 76825

    View on Map
    Claim this Listing
    For Sale
    $125,000

    Business - Brady, TX

    Type:Business
    Property size:
    1,200 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $104/SF
    Added:
    Mar 12, 2026
    Days on Market:
    71
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 405 S Bridge Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    22653
    Size
    1,200 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1940
    Flooring type
    Wood
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Joanie Norris

    Listing agent Joanie Norris License #0741886

    Listing office Stephens Ranch Hand Real Estate 10130 Hwy 283, Early, TX

    Listing date Mar 12, 2026

    MLS# 21194769 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

    • Immediate and stable income with an existing lease to the State with approximately three years remaining.
    • Estimated 9 percent cap rate provides an attractive return on investment.
    • Prime location just blocks south of historic downtown Brady.
    • Ample on‑site parking, a rare and highly desirable feature.
    • Functional layout with six private offices, kitchen/break area, and one bathroom.
    • Well‑maintained commercial property suitable for professional, governmental, or administrative use.

    Overview

    This well-maintained commercial property, located just blocks south of historic downtown Brady, Texas, offers a prime investment opportunity. The property is currently leased to the State, with approximately three years remaining on the existing lease, providing immediate and stable income. The property produces an estimated 9 percent cap rate. The layout includes six private offices, a kitchen or break area, and one bathroom, making it suitable for professional, governmental, or administrative use. The property offers just over 1,200 square feet. Ample on-site parking adds value and convenience for both employees and clients. The functional floor plan supports efficient workflow while maintaining privacy and flexibility. The lot size is 0.305 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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
    Brady
    County
    McCulloch
    State
    Texas
    Longitude
    -99.3346942
    Latitude
    31.1318606

    Nearby Similar for Sale

    • $499,000
      7,080 SF

      Historic Buildings on Brady Square

      Restored commercial buildings in the heart of Brady, Texas.
      107,109,115 W Commerce Street, Brady, TX 76825
      View Details
    • $259,900
      2,108 SF

      Restaurant Opportunity in Brady, Texas

      Turn-key restaurant opportunity on a high-visibility location.
      2105 S Bridge Street, Brady, TX 76825
      View Details
    • $180,000

      Brady Square Automotive Shop/Showroom

      7000 SF showroom/shop on Brady Square, selling as is.
      213 N Blackburn Street, Brady, TX 76825
      View Details
    • $125,000

      Updated Commercial Building in Brady

      Charming commercial building in a prime, high visibility location.
      1404 S Bridge Street, Brady, TX 76825
      View Details
    • $225,000

      Brady, TX Office Building

      Commercial building with multiple rooms and bathrooms, investment opportunity.
      104 E 5th Street, Brady, TX 76825
      View Details
    • $375,000

      Historic Building with Restaurant Potential

      Early 1900s building with restaurant and office/living space potential.
      101 E Main Street, Brady, TX 76825
      View Details
    • $1,558,200

      196-Acre Ranch Near Brady, TX

      Remodeled ranch with highway frontage, suitable for diverse activities.
      3873 N US Highway 87, Brady, TX 76825
      View Details
    • $200,000

      Unimproved Land in Brady, TX

      2.78 acres of multi-zoned land for sale.
      1304 S high Street, Brady, TX 76825
      View Details
    • $395,000
      2,701 SF

      Historic Brady Commercial Bank Building

      Two-story, 5,580 SF commercial building in downtown Brady, Texas.
      101 N Church Street, Brady, TX 76825
      View Details
    • $225,000
      3,998 SF

      Commercial Building with Highway Frontage

      Commercial property with potential for offices, motel, or bed and breakfast.
      104 E 5th Street, Brady, TX 76825
      View Details
    • $375,000
      9,930 SF

      Historic Building with Restaurant Space

      Early 1900s building with restaurant and office/living space potential.
      101 E Main Street, Brady, TX 76825
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial property leased to the State with stable income.
    Where is this office units located?
    The property is located at 405 S Bridge Street Brady, TX.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Immediate and stable income with an existing lease to the State with approximately three years remaining.; Estimated 9 percent cap rate provides an attractive return on investment.; Prime location just blocks south of historic downtown Brady.
    (325) 646-1229
    We can help!
    Listing Contact
    Joanie Norris
    Real Estate License ID: 0741886
    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
    405 S Bridge Street, Brady, TX 76825
    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!