Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    915 N Center St Bonham, TX 75418

    Sponsored
    For Lease
    $1,500 /Mo ($2 SF/Yr)

    Office - Bonham, TX

    Type:Office
    Property size:
    2,300 SF
    Lot size:
    0.19 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 22 at 2:06 am

    Property Features for 915 N Center St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    APN
    000000093496
    Size
    2,300 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air, Electric, Heat Pump

    Building Details

    Year built
    1920
    Flooring type
    Tile, Wood
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Donnie Kirk
    Donnie Kirk

    DSDJ Property Mangement LLC (469) 387-2158

    Listing agent Donnie Kirk (469) 387-2158 License #0616469

    Listing date Feb 19, 2026

    MLS# 21185195 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.

    Learn more

    Property Insight Report

    Overview

    Bonham, TX Commercial Property

    This commercial property for lease is situated in a highly visible location several blocks north of the Fannin County Courthouse on N. Center Street in Bonham, TX. The property offers approximately 2,300 square feet of space. The layout includes two large connected spaces downstairs, along with a kitchen, powder room, and storage area. Upstairs, there are four individual rooms and a full bath. The property has been renovated within the last few years, including new HVAC, electrical systems, paint, fixtures, and appliances, while still retaining its historic charm. The property benefits from lots of natural light. Outside, there is a small backyard and a covered front porch. The property is ideal for office space or select retail. The tenant is responsible for a portion of the electric and internet costs. The lot size is 0.192 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.178254
    Latitude
    33.582271

    Nearby Similar for Lease

    • $2,400 /Mo
      2,875 SF

      Bonham Retail/Office Space Available

      Well-designed retail or office space in downtown Bonham, Texas.
      417 N Main St, Bonham, TX 75418
      View Details
    • Contact for pricing

      Highway 121 Flex Warehouse Space

      Newly constructed flex warehouse space with utilities included and customizable options.
      9020 1St St, Bonham, TX 75418
      View Details
    • Contact for pricing
      5,388 SF

      1400 N Center St

      Neighborhood centers • 5,388 SF
      1400 Center St, Bonham, TX 75418
      View Details

    FAQs

    What type of property is this?
    Office space - Commercial property for lease in a highly visible location.
    Where is this office space located?
    The property is located at 915 N Center St Bonham, TX.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location near the Fannin County Courthouse on N. Center Street.; - Renovated within the last few years (HVAC, electrical, paint, fixtures, and appliances).; - Approximately 2,300 sqft with a versatile layout: two large connected spaces downstairs and four individual rooms upstairs.
    (469) 964-6570
    Request Owner's contact information
    915 N Center St Bonham, TX 75418
    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.
    915 N Center St
    Bonham, TX 75418
    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
    915 N Center St Bonham, TX 75418
    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

    We can help!
    Listing Contact
    Donnie Kirk
    Donnie Kirk
    Real Estate License ID: 0616469
    (469) 964-6570 (469) 387-2158
    Learn more
    Google sign-in failed. Please try again or use another login method.