Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Whitewright Office Building For Sale Title is generated by Realmo AI

    116 W Grand Street, Whitewright, TX 75491

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $184,500

    Updated office building in downtown Whitewright with multiple spaces.

    Type:Commercial
    Property size:
    1,840 SF
    Price / SF:
    $100/SF
    Added:
    Apr 22, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 22 at 5:16 pm

    Property Features for 116 W Grand Street

    General Information

    Standard status
    Active
    Size
    1,840 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1911

    We can help!

    Listing Contact
    Sheri Kent

    Listing agent Sheri Kent

    Listing office DFW Elite

    Listing date Apr 22, 2026

    Source Signaturere

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of DFW Elite

    HighLights

    • Prime "ON THE STRIP" downtown location in Whitewright with high foot traffic.
    • Updated in 2001 with plumbing, wiring, and HVAC.
    • New roof installed in 2023.
    • 1840 sq ft brick building with 15'+ ceiling height.
    • Multiple office spaces and break room.
    • Active security system and back alley employee parking.

    Overview

    Located in downtown Whitewright, this 1840-square-foot office building features multiple office spaces, a break room area, and a single restroom. The brick building has a ceiling height of over 15 feet. Updates completed in 2001 included plumbing, wiring, and HVAC. A new roof was installed in 2023, along with a new subfloor in two-thirds of the building. The property includes an active security system and employee parking with back alley access for loading and unloading. A moisture barrier has been installed in the crawl space, which offers easy access. Located next door to the Odeum Theatre, the building benefits from high foot traffic. The property welcomes various business options.
    Location Intelligence

    Current Use by Public Records

    Whitewright Armory Gun Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.3932794
    Latitude
    33.5129958

    Nearby Similar for Sale

    • $690,000

      Established Car Wash on Highway

      High-visibility car wash with income-generating potential in growing North Texas.
      1859 Beasley Boulevard, Whitewright, TX 75491
      View Details
    • $525,000

      Restaurant in Downtown Whitewright

      2500 SF restaurant in a historic downtown location.
      112 W Grand Street, Whitewright, TX 75491
      View Details
    • $675,000

      Fully Occupied Whitewright Apartment Building

      8-unit apartment building with long-term tenants and individual metering.
      105 W Pine Street, Whitewright, TX 75491
      View Details
    • $184,500

      Downtown Whitewright Office Building

      Updated office building in downtown Whitewright ready for new owner.
      116 W Grand Street, Whitewright, TX 75491
      View Details
    • $389,900

      Downtown Whitewright Commercial Building For Sale

      Commercial building in the heart of Downtown Whitewright on .57-acre lot.
      228 W Grand Street, Whitewright, TX 75491
      View Details
    • $389,900
      8,400 SF

      Downtown Whitewright Commercial Building

      Commercial building in the heart of Downtown Whitewright.
      228 W Grand Street, Whitewright, TX 75491
      View Details
    • $750,900

      Renovated Building in Whitewright, TX

      Renovated building suitable for various uses, including multi-family and healthcare.
      400 S Bond Street, Whitewright, TX 75491
      View Details
    • $4,570,000

      260-Acre Ranch Near Dallas

      Prime investment property for farming, ranching, and residential income.
      10948 Fm 898, Whitewright, TX 75491
      View Details
    • $389,900
      8,400 SF

      Downtown Whitewright Commercial Building For Sale

      8400 SF commercial building in the heart of Downtown Whitewright.
      228 W Grand Street, Whitewright, TX 75491
      View Details
    • $525,000
      2,500 SF

      Restaurant in Historic Whitewright Building

      2500 SF restaurant in downtown Whitewright, Texas for sale.
      112 W Grand Street, Whitewright, TX 75491
      View Details
    • $675,000
      3,875 SF

      Retail Property in Whitewright, Texas

      Retail property in historic Whitewright, Grayson County, Texas.
      117 W Grand St, Whitewright, TX
      View Details
    • $184,500

      Whitewright Commercial Property for Sale

      Commercial property available on Grand Street in Whitewright, Texas.
      116 W Grand Street, Whitewright, TX 75491
      View Details

    FAQs

    What type of property is this?
    Office building - Updated office building in downtown Whitewright with multiple spaces.
    Where is this office building located?
    The property is located at 116 W Grand Street Whitewright, TX.
    What is the asking price?
    The asking price for this property is $184,500.
    What are key features of this property?
    This property features: Prime "ON THE STRIP" downtown location in Whitewright with high foot traffic.; Updated in 2001 with plumbing, wiring, and HVAC.; New roof installed in 2023.
    We can help!
    Listing Contact
    Sheri Kent
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    116 W Grand Street, Whitewright, TX 75491
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!