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    Live-Work Office Suites with Two Units Title is generated by Realmo AI

    12600 W HWY 82, Savoy, TX 75479

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    For Lease
    $1,200/Mo $3 SF/Yr (calc)

    COMMERCIAL - Savoy, TX

    Type:Office
    Property size:
    3,900 SF
    Lot size:
    0.66 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 7 at 9:06 pm

    Property Features for 12600 W HWY 82

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Driveway
    Standard status
    Active
    APN
    100455
    Size
    3,900 SF
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Description
    A1149 J WEEKS, ACRES 6.0

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2005
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Laminate
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Mike Schreiber

    Listing agent Mike Schreiber License #0537958

    Listing office Weichert Realtors-Solid Ground Bonham, TX

    Listing date Mar 23, 2026

    MLS# 21212506

    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

    • Two adjacent units in a building built in 2005, suited for business use or business‑and‑apartment combination
    • Each unit has 3 individual rooms plus a full bathroom and an eat‑in kitchen
    • Metal roof and metal siding construction
    • Central air and central/electric heating
    • On‑site utilities include well water and septic tank sewer
    • Secured building with chain link fence and gate; driveway parking; additional adjoining 6 acres available for lease

    Overview

    This property features two adjacent live-work style units, each laid out with three individual rooms, a full bathroom, and an eat-in kitchen. The configuration supports either a straightforward business use or a combined business-and-residential setup, depending on how you want to operate. The building is secured with a chain link fence and gate, providing controlled access for tenants and staff.

    The site is positioned on the Fannin-Grayson county line, offering an easy-to-manage footprint for a single operator or multiple related uses under one secured property. In addition, an adjoining 6 acres are available for lease, which may support storage, overflow needs, or expansion plans based on your operational requirements. For additional details, refer to MLS listing #21138171.

    With two separate units and self-contained features in each, this offering is well suited for small office users, service-oriented businesses, or anyone seeking a live-work arrangement without giving up privacy. The secure setting and the ability to scale with the additional acreage make it a practical option for operators who want flexibility from day one.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Savoy
    County
    Fannin
    State
    Texas
    Longitude
    -96.376808
    Latitude
    33.6174

    FAQs

    What type of property is this?
    Live-work space - Two adjacent units offer flexible business space with separate kitchens and private bathrooms.
    Where is this live-work space located?
    The property is located at 12600 W HWY 82 Savoy, TX.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Two adjacent units in a building built in 2005, suited for business use or business‑and‑apartment combination; Each unit has 3 individual rooms plus a full bathroom and an eat‑in kitchen; Metal roof and metal siding construction
    (903) 227-1933
    We can help!
    Listing Contact
    Mike Schreiber
    Real Estate License ID: 0537958
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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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