Mixed-Use Historic
118 W Grand St Whitewright, TX 75491
118 W Grand St, Whitewright, TX, 75491
$599,000
For Sale
$599,000
Historic building offers renovated commercial space below and a residential loft above with plumbing and gas for a kitchen.
Property Size3,550 SF
Price / SF$168.73
Days on Market10
Property Features for 118 W Grand St
General Information
- Standard status
- Active
- Size
- 3,550 SF
Listing agency
OnDemand Realty
(214) 766-5833
Listed by
Rhonda Borgne
(214) 766-5833
Source
Exprealty
Added: Jul 13 Updated: Jul 22 at 1:22AM Checked: Jul 22 at 1:22AM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
This fully renovated historic building combines commercial space on the ground level with a residential loft above. The property has been meticulously maintained and has been used as a residence only. The loft level is a classic open style with plumbing and gas provided to accommodate a kitchen, supporting a range of residential or hospitality-oriented configurations.
The building is located in downtown Whitewright at 118 W Grand St, and zoning allows residential use. With this flexibility, the space can work for retail, office, or food and beverage uses depending on final buildout and tenant needs.
The existing vertical layout supports mixed-use operations, with the commercial level positioned for storefront or office use and the second level suited to loft-style residential or hospitality conversions.
The building is located in downtown Whitewright at 118 W Grand St, and zoning allows residential use. With this flexibility, the space can work for retail, office, or food and beverage uses depending on final buildout and tenant needs.
The existing vertical layout supports mixed-use operations, with the commercial level positioned for storefront or office use and the second level suited to loft-style residential or hospitality conversions.
Key Highlights
- Historic building with renovated commercial space on the lower level and a residential loft on the upper level
- Lower‑level space with flexible use potential for retail, office, or restaurant conversion
- Zoning allows residential use
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.9k | $18.00 |
| − Vacancy | −$7.7k | −$2.16 |
| EGI | $56.2k | $15.84 |
| − OpEx | −$21.1k | −$5.94 |
| NOI | $35.1k | $9.90 |
3,550 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$848.3K
$742.3K – $989.7K
NOI $59,381 @ 7.0% cap · market cap 9.91%
Second Best
Retail
$841.8K
$736.6K – $982.1K
NOI $58,924 @ 7.0% cap · market cap 9.84%
Theoretical Best
Hotel Hospitality
$1.82M
$1.59M – $2.12M
NOI $127,481 @ 7.0% cap · market cap 21.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ken Hubbard Management ...
Business Management Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Historic building offers renovated commercial space below and a residential loft above with plumbing and gas for a kitchen.
Where is this live-work space located?
The property is located at 118 W Grand St Whitewright, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Historic building with renovated commercial space on the lower level and a residential loft on the upper level; Lower‑level space with flexible use potential for retail, office, or restaurant conversion; Zoning allows residential use
