Flex Space with
For Sale
$135,000
106 S College St, Lindale, TX 75771
Commercial Sale, Lindale, TX
Property Size1,240 SF
Lot Size0.12 Acres
Price / SF$107.14
Days on Market91
Property Features for 106 S College St
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Inside City Limits
Directions
From the intersection of Hwy 69 and Hwy 16 go West on 16 .1 miles. Turn left onto College St. Property on the left.
Standard status
Active
Size
1,260 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF LINDALE BLOCK 10 LOT 3 PT
Tax Annual Amount
1559
Legal Description
CITY OF LINDALE BLOCK 10 LOT 3 PT
Utilities
Sewer type
Public Sewer
Amenities
full bathroom
kitchenette
Building Details
Year built
1940
Building materials
Frame, Siding
Listing Agency:
Leslie Cain Realty, LLC
(903) 594-8721
Listed By:
Robert Madsen · License #0834859
(903) 767-6456
Added: Jul 10
Changed: Oct 6
Last Checked: Oct 8 at 2:06AM
MLS# 26009636
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.
Investment Insights
Based on property information with market context.
This flex-space property includes an open main room, two additional rooms, a full bathroom and a kitchenette. A separate 20' x 24' workshop with an overhead bay door adds space for storage or work activities. The building dates to 1940 and sits on a 0.12-acre parcel in the Downtown Mixed-Use District.
The property is at 106 S College St in Lindale, near Downtown Lindale and minutes from Hwy 69. Public sewer serves the site.
The property is at 106 S College St in Lindale, near Downtown Lindale and minutes from Hwy 69. Public sewer serves the site.
Key Highlights
- Detached 20' x 24' workshop with overhead bay door
- Open main area, two enclosed rooms, full bathroom and kitchenette
- 0.12‑acre parcel in the Downtown Mixed‑Use District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,489
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,780
$129.8K
Cap Rate 7%
$92,700
$92.7K
Cap Rate 9%
$72,100
$72.1K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$10.1K $8.04/SF
− Vacancy
−$861 −$0.68/SF
EGI
$9.3K $7.36/SF
− OpEx
−$2.8K −$2.21/SF
NOI
$6.5K $5.15/SF
Area
Smith County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,780
Cap Rate 7%
$92,700
Cap Rate 9%
$72,100
Alternative Uses
Best Use
Retail
$242.4K
$212.1K – $282.8K
NOI $16,967 @ 7.0% cap · market cap 12.57%
Second Best
Office B
$213.8K
$187.1K – $249.5K
NOI $14,969 @ 7.0% cap · market cap 11.09%
Theoretical Best
Hotel Hospitality
$949.1K
$830.4K – $1.11M
NOI $66,434 @ 7.0% cap · market cap 49.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75771, TX
21,870
Population
9,241
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
146.1 sq mi
ZIP Area
150
Density / Sq Mi
$90,112
Median Household Income
$48,088
Median Earnings
$1,318
Median Rent
$266,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Texas Music City Grill & Smokehouse — 66 Miranda Lambert Way Unit 4, Lindale, TX 75771
Frequently Asked Questions
What type of property is this?
Flex space - An open work area, two enclosed rooms, a restroom, kitchenette and detached workshop provide a versatile commercial layout.
Where is this flex space located?
The property is located at 106 S College St Lindale, TX.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Detached 20' x 24' workshop with overhead bay door; Open main area, two enclosed rooms, full bathroom and kitchenette; 0.12‑acre parcel in the Downtown Mixed‑Use District
