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Office Building with Conference Annex

1016 E California Street, Gainesville, TX 76240

For Sale
$1,395,000

CommercialSale, Gainesville, TX

Property Size4,545 SF
Lot Size0.24 Acres
Price / SF$306.93
Days on Market29

Property Features for 1016 E California Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning description C-2 Commercial with Loft Overlay
Parking features Parking Lot, Offsite, Driveway, Garage
Security features Security
Accessibility Accessible Approach with Ramp
Subdivision Clements I
Lot features Interior Lot, Sprinkler System
Directions GPS: Enter 1016 E California Street, Gainesville, TX 76240. The property is located on East California Street, east of downtown Gainesville. Look for the 4-by-6-foot real estate sign in front of the building.
Standard status Active
APN 7136
Size 4,545 SF
Lot size 0.24 Acres

Additional Details

Property Use Office
Condition Turnkey

Taxes and HOA fees

Tax Description CLEMENTS I; BLOCK 8; LOT 5 PT OF
Tax Annual Amount 8501
Legal Description CLEMENTS I; BLOCK 8; LOT 5 PT OF

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating), Heat Pump (Heating)
Cooling system Electric, Central Air
Water source Public

Amenities

kitchen
kitchenette
private patios
standby generator
high-speed network
security system
remotely managed building features
beverage center
presentation screen
server rooms
detached conference building
Tesla EV charger

Building Details

Year built 1896
Floors in Building 2
Number of units 2
Flooring type Paintedstained, Hardwood, Laminate
Building materials WoodSiding
Roof type Composition
Buildings 2
Listing Agency: Real Estate Shoppe TX, LLC
Listed By: Jasmine Jones · License TX #0813020
Added: Oct 15 Changed: Nov 12 Last Checked: Nov 12 at 7:06PM
MLS# 21403163

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

At 1016 E California Street, the office property totals 4,545 square feet across a two-story main building and a detached conference building. The main structure contains two open work areas, two private offices, a full kitchen, an upstairs kitchenette, three bathrooms, two stairwells, and two server rooms. The 660-square-foot meeting building has sitting and huddle areas, a beverage center, a 75-inch presentation screen with soundbar, and separate HVAC. Furnishings and equipment are included.

Reported improvements include updated electrical wiring, plumbing, roofing, siding, windows, parking lot, landscaping, and irrigation. Mechanical upgrades include two 5-ton HVAC units in the main building, two mini-splits in the conference building, a water heater, and an inline water filter. Additional features include a standby generator, Tesla EV charger, high-speed network, eight-camera security system, and remotely managed building features. The property is zoned C-2 and sits near Gainesville’s historic downtown square.

Key Highlights

  • 4,545 SF total: 3,885‑SF two‑story main building plus a separate 660‑SF conference building
  • Two open work areas, two private offices, three bathrooms, and two server rooms in the main building
  • Conference building includes sitting and huddle areas, a beverage center, and a 75‑inch presentation screen with soundbar

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

911
Businesses Nearby

Demographics for 76240, TX

28,349
Population
12,412
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
369.4 sq mi
ZIP Area
77
Density / Sq Mi
$67,056
Median Household Income
$40,167
Median Earnings
$1,105
Median Rent
$207,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Renovated office space includes a separate meeting building and a mix of open work areas and private offices.
Where is this office building located?
The property is located at 1016 E California Street Gainesville, TX.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 4,545 SF total: 3,885‑SF two‑story main building plus a separate 660‑SF conference building; Two open work areas, two private offices, three bathrooms, and two server rooms in the main building; Conference building includes sitting and huddle areas, a beverage center, and a 75‑inch presentation screen with soundbar
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