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

    510 E BONHAM Jefferson, TX 75657

    View on Map
    For Sale
    $349,500

    Commercial - Jefferson, TX

    Property size:
    18,000 SF
    Lot size:
    2.50 Acres
    Added:
    Jan 20, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 3 at 10:06 am

    Property Features for 510 E BONHAM

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Paved or Surfaced
    Interior features
    Meeting Room
    Exterior features
    Brick
    Standard status
    Active
    Size
    18,000 SF
    Lot size
    2.50 Acres

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    8
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Coleman

    Listing agent Mark Coleman

    Listing office TX Farms & Ranches/Park Village 4138 US Hwy 259, LONGVIEW, TX

    Listing date Jan 20, 2026

    MLS# 20260420 Listing URL

    Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jefferson Commercial Building with Possibilities

    This commercial building in historic Jefferson, Texas, offers multiple possibilities. The property includes almost 2 1/2 acres and an 18,000 square foot former long-term care center. It presents opportunities for various ventures, including a call center, rehab facility, nursing home, memory care, motel, Airbnb, or apartments. The building features 30 rooms previously configured for double occupancy, accommodating over 60 people. It also includes a large commercial kitchen and dining area, a meeting or conference center, a complete laundry facility, extra storage buildings, a covered pavilion, and a covered entry for drop-offs. The property has undergone numerous updates and is ready for transformation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nursing homes

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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.

    Similar Places Nearby

    • Heritage Home Health & Hospice — 314 N Polk St, Jefferson, TX 75657
    • Magnolia Manor — 510 E Bonham, Jefferson, TX 75657
    • Cypress Place — 100 W Douglas St, Jefferson, TX 75657

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Marion
    State
    Texas
    Longitude
    -94.344447
    Latitude
    32.763437

    Nearby Similar for Sale

    • $1,250,000
      5,152 SF

      Historic Jefferson Bed and Breakfast

      Turnkey bed and breakfast in historic Jefferson, Texas.
      217 W Lafayette Street, Jefferson, TX 75657
      View Details
    • $1,450,000

      Waterfront Campground in Jefferson, TX

      Waterfront RV campground with pavilion and access to Big Cypress Bayou.
      1602 Hwy 49, Jefferson, TX 75657
      View Details
    • $120,000

      Versatile Warehouse Near Lake of Pines

      Two-story warehouse near Bullfrog Marina, ideal for marine businesses.
      8048 FM 729, Jefferson, TX 75657
      View Details
    • $281,440

      35 Acres Farm/Ranch Land

      35.18 acres of fenced land near Jefferson, Texas.
      Tbd N Hwy 59, Jefferson, TX 75657
      View Details
    • $1,300,000
      5,152 SF

      Historic Bed and Breakfast Inn

      Turnkey bed and breakfast in historic Jefferson, Texas.
      217 W Lafayette St, Jefferson, TX 75657
      View Details
    • $349,500
      18,585 SF

      Former Long Term Care Center

      Former long-term care center with multiple possibilities.
      510 E Bonham, Jefferson, TX 75657
      View Details
    • $629,000

      Historic Kahn Hotel For Sale

      Historic 10-room hotel with coffee shop in Jefferson, Texas.
      123 W Austin, Jefferson, TX 75657
      View Details

    FAQs

    What type of property is this?
    Nursing home - 18,000 SF commercial building on almost 2.5 acres.
    Where is this nursing home located?
    The property is located at 510 E BONHAM Jefferson, TX.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: Large 18,000 sq ft commercial building on almost 2.5 acres.; Versatile property suitable for various uses: call center, rehab, nursing home, apartments, motel, or Airbnb.; 30 rooms designed for double occupancy, accommodating over 60 people.
    (903) 738-9420
    We can help!
    Listing Contact
    Mark Coleman
    Real Estate License ID: 0387775
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!