Renovated Mixed-Use Commercial
For Sale
$535,000
1024 Halsell St, Bridgeport, TX 76426
Newly renovated mixed-use property with office and residential space for rent.
Property Size3,500 SF
Price / SF$152.86
Days on Market254
Property Features for 1024 Halsell St
General Information
Standard status
Active
Size
3,500 SF
Building Details
Year Built
1920
Listing Agency:
C21 Sue Ann Denton, Decatur
Listed By:
SUE ANN DENTON · License #0399335
(940) 627-3080
Source:
Aboveandbeyondrealty
Added: Jan 26
Changed: Sep 30
Last Checked: Oct 5 at 10:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C21 Sue Ann Denton, Decatur
Investment Insights
Based on property information with market context.
This newly renovated, multi-use commercial property combines residential and commercial space. The main level features expansive, open office spaces suitable for co-working areas or private offices. A standout feature is the elegant private office, offering a dedicated workspace. The main floor also includes a modern conference room with a sliding barn door. Vaulted ceilings, modern finishes, and abundant natural light create a productive and welcoming atmosphere. The large lobby area can be adapted as a reception area, waiting room, or client-facing space. The second level offers a fully updated apartment or secondary workspace, suitable for owner-occupants or additional rental income. The space is designed for comfort and convenience, with hardwood floors, an elegant staircase, and contemporary finishes. The second level also features a private office, spacious living areas, and a wrought-iron balcony overlooking a charming terrace with a view of downtown. This property is located in Bridgeport, TX.
Key Highlights
- Multi‑use commercial property combining residential and commercial space.
- Newly renovated with modern finishes throughout.**
- Expansive, open office spaces suitable for various business needs.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,438
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
$708.8K
Cap Rate 7%
$506,257
$506.3K
Cap Rate 9%
$393,756
$393.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$63.0K $18.00/SF
− Vacancy
−$6.3K −$1.80/SF
EGI
$56.7K $16.20/SF
− OpEx
−$21.3K −$6.07/SF
NOI
$35.4K $10.13/SF
Area
Wise County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,760
Cap Rate 7%
$506,257
Cap Rate 9%
$393,756
Alternative Uses
Best Use
Office B
$836.4K
$731.8K – $975.8K
NOI $58,545 @ 7.0% cap · market cap 10.94%
Second Best
Mixed Use
$506.3K
$443.0K – $590.6K
NOI $35,438 @ 7.0% cap · market cap 6.62%
Theoretical Best
Hotel Hospitality
$2.64M
$2.31M – $3.08M
NOI $184,538 @ 7.0% cap · market cap 34.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly renovated mixed-use property with office and residential space for rent.
Where is this mixed-use property located?
The property is located at 1024 Halsell St Bridgeport, TX.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Multi‑use commercial property combining residential and commercial space.; Newly renovated with modern finishes throughout.**; Expansive, open office spaces suitable for various business needs.**
