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    Corner Building with Three Leasable Suites Title is generated by Realmo AI

    110 N Walnut Street, Blossom, TX 75416

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    For Sale
    $300,000

    SINGLE_FAMILY - Blossom, TX

    Type:Office
    Lot size:
    0.14 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    71
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 110 N Walnut Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Open
    Standard status
    Active
    APN
    41402
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    NORTH BLOSSOM, BLOCK 2, LOT 11 & 12, 110 N WA
    Tax Annual Amount
    3046

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Electric (Heating), Natural Gas
    Cooling system
    Ceiling Fan(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Carpet, Combination, Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Angela Whipkey

    Listing agent Angela Whipkey License #0695630

    Listing office Glass Land and Home LLC Paris, TX

    Listing date Mar 25, 2026

    MLS# 21124607

    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

    • One commercial building with three separate leasable spaces for multiple tenants or owner use
    • Corner property just off Hwy 82 at Front Street
    • Metal roof and metal siding
    • Utilities include public water and public sewer
    • Heating includes electric and natural gas, plus space heaters
    • Window unit cooling and ceiling fans; open parking in front

    Overview

    This corner commercial property includes one building configured as three separate, leasable spaces, providing flexibility for multiple tenants or an owner-operator setup. A shared parking area spans the entire front of the building, supporting convenient customer access regardless of which suite is in use.

    The property sits just off Highway 82 in Blossom and is positioned at the corner of Front Street, combining accessibility with high visibility from the highway. That location can be advantageous for businesses that benefit from consistent drive-by exposure and easy wayfinding.

    With its mix of potential uses described as retail, office, or service, the layout can work well for professional services, local retail, and light customer-facing operations seeking a straightforward, multi-suite building. The presence of three distinct spaces also offers an opportunity for diversification, whether leasing to multiple tenants or maintaining control over one portion while others generate income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Blossom
    County
    Lamar
    State
    Texas
    Longitude
    -95.382872
    Latitude
    33.66131

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    FAQs

    What type of property is this?
    Office units - Three separate suites in a corner retail/office building with full-front parking and strong highway visibility.
    Where is this office units located?
    The property is located at 110 N Walnut Street Blossom, TX.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: One commercial building with three separate leasable spaces for multiple tenants or owner use; Corner property just off Hwy 82 at Front Street; Metal roof and metal siding
    (903) 785-8457
    We can help!
    Listing Contact
    Angela Whipkey
    Real Estate License ID: 0695630
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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.

    More about this property
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    110 N Walnut Street, Blossom, TX 75416
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