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    Historic Office Suite with Kitchen Title is generated by Realmo AI

    103 S Baker Street, Ferris, TX 75125

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    Claim this Listing
    For Lease
    $3,750/Mo $17 SF/Yr (calc)

    COMMERCIAL - Ferris, TX

    Type:Office
    Property size:
    2,619 SF
    Lot size:
    0.26 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    248
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for 103 S Baker Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street, Open, Driveway
    Standard status
    Active
    APN
    162754
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    LOT 11-14 BLK 13 O T FERRIS-REV .264 AC

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1909
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Wood
    Building materials
    WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Dustin Jordan
    Dustin Jordan

    Listing agent Dustin Jordan License #0661824

    Listing office Tero Real Estate Waxahachie, TX

    Listing date Oct 2, 2025

    MLS# 21075130

    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.

    HighLights

    • 2619 SF historic‑style office space near downtown Ferris on the heavily traveled corner of 5th Street and Baker St.
    • 6 private office spaces plus a large lobby or conference room and a break room with a full kitchen.
    • Built in 1909 with wood siding, wood flooring, and a shingle roof.
    • Central heating and central air.
    • Parking available with open parking, a driveway, and on‑street spaces.
    • Public water and public sewer connected.

    Overview

    Historic-style office space on a heavily traveled corner of 5th Street and Baker St. The interior includes hardwood floors, six private office spaces, and a large lobby or conference room designed for meetings and client traffic. A break room with a full kitchen supports day-to-day convenience for staff. The owner is actively working with the city on rezoning for commercial use, and tenant improvement discussions may be available on agreeable terms.

    The location near downtown Ferris places the space on a prominent intersection, making it well suited for businesses that benefit from consistent street visibility and straightforward access for visitors. The property sits on a compact site, offering a focused office setting without unnecessary complexity.

    This layout fits professional users seeking a defined office environment with multiple private rooms plus a central common area for collaboration. The presence of a full kitchen and a dedicated break room can support teams that expect on-site work during the day. For tenants looking for a character-forward space with room to plan their operations, this office suite offers a practical foundation, with rezoning and TI structure under consideration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ferris
    County
    Ellis
    State
    Texas
    Longitude
    -96.664254
    Latitude
    32.534601

    Nearby Similar for Lease

    • $2,400/Mo

      Modern Office Suite with Restroom

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    • $3,750/Mo
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      Ferris Office Space For Rent

      2619sf office space near downtown Ferris with historic style.
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    • $1,500/Mo
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    FAQs

    What type of property is this?
    Office units - Historic office suite offers private offices, a large lobby or conference room, and a full kitchen on a high-visibility corner.
    Where is this office units located?
    The property is located at 103 S Baker Street Ferris, TX.
    What is the lease rate?
    The lease rate is $3,750 /Mo.
    What are key features of this property?
    This property features: 2619 SF historic‑style office space near downtown Ferris on the heavily traveled corner of 5th Street and Baker St.; 6 private office spaces plus a large lobby or conference room and a break room with a full kitchen.; Built in 1909 with wood siding, wood flooring, and a shingle roof.
    (972) 777-4141
    We can help!
    Listing Contact
    Dustin Jordan
    Dustin Jordan
    Real Estate License ID: 0661824
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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.

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