Renovated Historic Mixed-Use
For Sale
$599,000
118 W Grand Street, Whitewright, TX 75491
CommercialSale, Whitewright, TX
Property Size3,550 SF
Lot Size0.08 Acres
Price / SF$168.73
Days on Market94
Property Features for 118 W Grand Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
On Street, Alley
Subdivision
Otp Whitewright
Directions
Please see GPS
Standard status
Active
APN
171280
Size
3,550 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
OTP WHITEWRIGHT, BLOCK 15, LOT 24
Tax Annual Amount
2426
Legal Description
OTP WHITEWRIGHT, BLOCK 15, LOT 24
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Natural Gas
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1908
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood, Laminate
Building materials
Brick, Stucco
Roof type
Flat
Listing Agency:
OnDemand Realty
(214) 766-5833
Listed By:
Rhonda Borgne · License #0560610
(512) 771-2684
Added: Jul 13
Changed: Sep 30
Last Checked: Oct 14 at 6:06AM
MLS# 21325940
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.
Investment Insights
Based on property information with market context.
Built in 1908 and renovated, this brick-and-stucco property contains 3,550 square feet arranged with commercial space on the first level and a residential loft above. The upper level includes plumbing and natural-gas service for a kitchen, while existing finishes include hardwood, laminate, and carpet. Central air, heat-pump heating, and natural-gas heating serve the building.
The property occupies 0.082 acres in downtown Whitewright, with on-street and alley parking available. Public water and public sewer support the building. Residential zoning flexibility is identified, and the property has most recently been used as a residence.
The property occupies 0.082 acres in downtown Whitewright, with on-street and alley parking available. Public water and public sewer support the building. Residential zoning flexibility is identified, and the property has most recently been used as a residence.
Key Highlights
- 3,550‑square‑foot mixed‑use building on 0.082 acres
- Built in 1908 and fully renovated
- Commercial space below with residential loft above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,145
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,900
$702.9K
Cap Rate 7%
$502,071
$502.1K
Cap Rate 9%
$390,500
$390.5K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$63.9K $18.00/SF
− Vacancy
−$7.7K −$2.16/SF
EGI
$56.2K $15.84/SF
− OpEx
−$21.1K −$5.94/SF
NOI
$35.1K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,900
Cap Rate 7%
$502,071
Cap Rate 9%
$390,500
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Explore this area
Business Placement
Demographics for 75491, TX
5,148
Population
2,353
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
98.6 sq mi
ZIP Area
52
Density / Sq Mi
$71,774
Median Household Income
$48,813
Median Earnings
$881
Median Rent
$239,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout pairs ground-floor commercial space with an upper residential loft and residential zoning flexibility.
Where is this mixed-use property located?
The property is located at 118 W Grand Street 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: 3,550‑square‑foot mixed‑use building on 0.082 acres; Built in 1908 and fully renovated; Commercial space below with residential loft above
