Brick Storefront
For Sale
$370,000
1206 S Main, Lindale, TX 75771
COMMERCIAL - Lindale, TX
Property Size1,200 SF
Lot Size0.42 Acres
Price / SF$308.33
Days on Market168
Property Features for 1206 S Main
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Inside City Limits
Directions
From I-20 on S Main to Lindale, property on the right at approximately 2.7 mi.
Standard status
Active
Size
1,200 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT 73 ABST A0381 J GIBSON 0.421 AC
Tax Annual Amount
786
Legal Description
TRACT 73 ABST A0381 J GIBSON 0.421 AC
Utilities
Sewer type
Public Sewer
Heating system
Space Heater
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1960
Building materials
Brick
Listing Agency:
Century 21 First Group - Lindale
(903) 882-1144
Listed By:
Elisa Willis · License #0669925
(903) 752-0421
Added: Feb 25
Changed: Aug 11
Last Checked: Aug 12 at 12:06AM
MLS# 26002668
Copyright © 2026 Greater Tyler Association of Realtors. 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.
This storefront property includes a 1,200-square-foot building on a 0.421-acre lot. Constructed in 1960, the structure features brick exterior materials, a space heater, ceiling fans, and window-unit cooling. Public sewer service is in place.
The property is located at 1206 S Main in Lindale, Texas. The roadway carries an approximate daily traffic volume of more than 26,620 vehicles, and the site is near I-20. Its Main Street setting places the building within Lindale and provides access to the surrounding East Texas community.
The property is located at 1206 S Main in Lindale, Texas. The roadway carries an approximate daily traffic volume of more than 26,620 vehicles, and the site is near I-20. Its Main Street setting places the building within Lindale and provides access to the surrounding East Texas community.
Key Highlights
- 1,200‑square‑foot storefront building
- 0.421‑acre lot at 1206 S Main, Lindale, TX 75771
- Approximate daily traffic volume of more than 26,620 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,159
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,180
$323.2K
Cap Rate 7%
$230,843
$230.8K
Cap Rate 9%
$179,544
$179.5K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$24.5K $20.40/SF
− Vacancy
−$1.4K −$1.16/SF
EGI
$23.1K $19.24/SF
− OpEx
−$6.9K −$5.77/SF
NOI
$16.2K $13.47/SF
Area
Smith County, TX
Vacancy
5.70%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,180
Cap Rate 7%
$230,843
Cap Rate 9%
$179,544
Alternative Uses
Best Use
Retail
$230.8K
$202.0K – $269.3K
NOI $16,159 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$903.9K
$790.9K – $1.05M
NOI $63,270 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,620 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 15%
Apparel 4%
Dollar General
Shops & Services
8,776 visits/mo
0.3 miles
Exxon
Shops & Services
5,815 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
4,416 visits/mo
0.4 miles
SONIC Drive In
Dining
4,245 visits/mo
0.5 miles
AutoZone
Shops & Services
3,565 visits/mo
0.4 miles
Demographics for 75771, TX
21,870
Population
9,241
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
146.1 sq mi
ZIP Area
150
Density / Sq Mi
$90,112
Median Household Income
$48,088
Median Earnings
$1,318
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Main Street commercial property with brick construction, public sewer, and multiple heating and cooling components.
Where is this storefront property located?
The property is located at 1206 S Main Lindale, TX.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,200‑square‑foot storefront building; 0.421‑acre lot at 1206 S Main, Lindale, TX 75771; Approximate daily traffic volume of more than 26,620 vehicles
