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    Flexible Downtown Brick Office Building Title is generated by Realmo AI

    112 W Main Street, Van, TX 75790

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    Claim this Listing
    For Lease
    $2,500 /Mo

    COMMERCIAL - Van, TX

    Lot size:
    0.17 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    128
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 112 W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Carport, Alley
    Standard status
    Active
    APN
    R000020181
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.167 ABST: 299 SUR: GROSS

    Utilities

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

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Laminate
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Tammy Barger
    Tammy Barger

    Listing agent Tammy Barger License #0667894

    Listing office RE/MAX Landmark Rose Canton, TX

    Listing date Jan 28, 2026

    MLS# 21066907

    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

    • Brick commercial building built in 1950 with flat roof
    • Previously used as a bank; features five private offices, two conference rooms, three secure vaults, breakroom, and one bathroom
    • Covered rear parking available with carport and alley access
    • Utilities: public water and public sewer; central heating and central air (electric)
    • On Main Street with a Triple Net Lease and landlord willingness to offer build‑to‑suit with lease terms adjusted for improvements

    Overview

    Charming brick commercial building offers a versatile interior that can support a range of business concepts. The space includes five private offices, two conference rooms, three secure vaults, a breakroom, and one bathroom. Most walls have been removed, creating flexibility for reconfiguration, and walls can be removed or adapted to suit the next operator’s layout needs. A covered parking area is also available at the rear of the building for added convenience.

    Located directly on Main Street in downtown Van, the property benefits from strong visibility and convenient access for customers and clients. This setting is well-suited for businesses that rely on storefront-style presence and easy wayfinding.

    Having previously been utilized as a bank, the building’s design and included secure vaults lend themselves to professional uses that may value controlled spaces, while the open, adaptable configuration supports alternatives such as medical, professional services, education or training, retail, light distribution, and other mixed-use concepts. The landlord is also willing to consider a build-to-suit approach, with lease terms adjusted to reflect improvements, making this an attractive option for tenants seeking a tailored environment in a prominent downtown location. The offering is structured as a triple net lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Van
    County
    Van Zandt
    State
    Texas
    Longitude
    -95.637962
    Latitude
    32.524783

    FAQs

    What type of property is this?
    Office building - Versatile brick building on Main Street with private offices, conference rooms, secure vaults, and rear covered parking.
    Where is this office building located?
    The property is located at 112 W Main Street Van, TX.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Brick commercial building built in 1950 with flat roof; Previously used as a bank; features five private offices, two conference rooms, three secure vaults, breakroom, and one bathroom; Covered rear parking available with carport and alley access
    (972) 524-2525
    We can help!
    Listing Contact
    Tammy Barger
    Tammy Barger
    Real Estate License ID: 0667894
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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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