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    Remodeled Commercial Building for Tenants Title is generated by Realmo AI

    113 E Goode Street, Quitman, TX 75783

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    Claim this Listing
    For Lease
    $1,600 /Mo

    COMMERCIAL - Quitman, TX

    Type:Office
    Lot size:
    0.04 Acres
    Added:
    May 20, 2026
    Days on Market:
    18
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 113 E Goode Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street
    Standard status
    Active
    APN
    R37000
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Description
    LOT 8A BLK 10 .0434 QUITMAN TOWNSITES

    Utilities

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

    Building Details

    Floors in Building
    1
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Brick
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Lisa Goodbrake
    Lisa Goodbrake

    Listing agent Lisa Goodbrake License #0626150

    Listing office Promised Land Group, LLC Tyler, TX

    Listing date May 20, 2026

    MLS# 21276239

    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

    • Completely remodeled brick commercial building with 1,900+ SF of flexible space for retail, medical, or professional office use
    • Removed asbestos during remodel; updated flooring and fresh paint
    • Interior layout includes large open area, reception area, conference room, kitchenette, break room, and private restroom
    • Central HVAC with electric heating and central air; includes high‑speed internet access and a security system
    • Zoned for commercial/professional use in the heart of Quitman, directly across from City Hall on the main road
    • Public water and public sewer; parking available on street

    Overview

    This completely remodeled commercial building offers flexible interior space designed for professional operations. The layout includes a large open area, a reception area, and a conference room, with practical support space such as a kitchenette/break room and a private restroom. The property is equipped with high-speed internet access, central HVAC, and a security system. In addition, the remodel included removing all asbestos, providing an added level of comfort for incoming tenants. Updated flooring and fresh paint further support an efficient move-in.

    Located on the main road in Quitman, the building benefits from high visibility and easy access. It sits across the street from City Hall, positioning it for strong street-level presence. Ample parking is available for both staff and clients, which can help accommodate customers and daily operations. The surrounding area includes proximity to restaurants, shopping, and residential neighborhoods, and the property is within walking distance of local amenities. The property is zoned for commercial professional use.

    With multiple interior zones and on-site reception and meeting space, this property can fit a range of tenants looking for a professional setting, including medical or office users as well as retail needs. The combination of move-in readiness, modern systems, and a centralized location makes it a practical choice for businesses seeking visibility and convenience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Quitman
    County
    Wood
    State
    Texas
    Longitude
    -95.450988
    Latitude
    32.795955

    Nearby Similar for Lease

    • $1,600/Mo
      1,913 SF

      Remodeled Office Suite on Main Road

      Move-in-ready office space with reception, conference room, and central HVAC in a commercially zoned, high-access setting.
      113 E Goode Street, Quitman, TX 75783
      View Details
    • $1,200/Mo
      1,800 SF

      Secure RV and Boat Storage Building

      Move-in ready steel storage building with high-clearance space for RVs, boats, classic cars, and contractor equipment.
      5597 TBD Fm 182 Parkway, Quitman, TX 75783
      View Details

    FAQs

    What type of property is this?
    Office building - Move-in ready, fully remodeled space with reception, conference room, and central HVAC, suited for professional use.
    Where is this office building located?
    The property is located at 113 E Goode Street Quitman, TX.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Completely remodeled brick commercial building with 1,900+ SF of flexible space for retail, medical, or professional office use; Removed asbestos during remodel; updated flooring and fresh paint; Interior layout includes large open area, reception area, conference room, kitchenette, break room, and private restroom
    (903) 504-5474
    We can help!
    Listing Contact
    Lisa Goodbrake
    Lisa Goodbrake
    Real Estate License ID: 0626150
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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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