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    801 S Main St Lindale, TX 75771

    Sponsored
    For Lease
    $1,689 /Mo ($0.91 SF/Yr)

    Building - Lindale, TX

    Lot size:
    0.51 Acres
    Days on Market:
    169
    Last Refresh:
    Jan 22 at 8:06 pm

    Property Features for 801 S Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    New Construction
    Standard status
    Active
    Zoning
    Retail
    Parking features
    Off Street
    Lot size
    0.51 Acres

    Building Details

    Year built
    2023
    Building materials
    Brick, Brick Veneer
    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Bradberry
    Brent Bradberry

    Drake Capital, LLC dba Drake Real Estate & Investments (903) 581-3737 [email protected]

    Listing agent Brent Bradberry (903) 581-3737 License #0715170

    Listing date Aug 7, 2025

    MLS# 25000287 Listing URL

    Copyright © 2026 Greater Tyler 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.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Lindale Plaza

    Retail space is available for lease in Lindale Plaza, a new construction property. The listed price is based on the smallest available space of 1,067 square feet. Spaces range from 1,067 to 2,258 square feet in an open shell configuration. The property is 55% leased and zoned MU-1: Neighborhood Mixed Use District. It benefits from high visibility in a prominent trade area and features a lighted intersection. The location provides easy access to I-20. There are 24 parking spots available. The property has approximately 196 feet of frontage on Main Street. Traffic counts reach 24,119 vehicles per day according to TxDOT's 2022 data. The property is also for sale; contact an agent for details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lindale
    County
    Smith
    State
    Texas
    Longitude
    -95.411165
    Latitude
    32.523622

    Nearby Similar for Lease

    • $1,690 /Mo
      22,216 SF

      Retail Space in Lindale Plaza

      Retail space for lease in Lindale, TX with high visibility.
      801 S Main St, Lindale, TX 75771
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    • $12 SF/Yr
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      Historic Lindale Office Space

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    • $18 SF/Yr
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      Lindale Office/Retail Space

      Prime Lindale location, 1,530 sq ft, high traffic.
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    • $27 SF/Yr
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      Lindale Retail Space - Main Street

      Prime Lindale retail suite, high visibility.
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    • Contact for pricing
      2,598 SF

      Lindale Office Space For Rent

      Office space available for lease in Lindale, Texas.
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    FAQs

    What type of property is this?
    Strip mall - New construction retail space for lease in Lindale, Texas.
    Where is this strip mall located?
    The property is located at 801 S Main St Lindale, TX.
    What is the lease rate?
    The lease rate is $0.91 SF/Yr.
    What are key features of this property?
    This property features: - High visibility trade area with 24,119 VPD (TxDOT ‘22).; - Easy access to I-20.; - New construction (Year Built: 2023).
    (903) 581-3737
    Request Owner's contact information
    801 S Main St Lindale, TX 75771
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    Lindale, TX 75771
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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.

    More about this property
    801 S Main St Lindale, TX 75771
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    We can help!
    Listing Contact
    Brent Bradberry
    Brent Bradberry
    Real Estate License ID: 0715170
    (903) 581-3737
    Learn more
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