Second-Floor Office
For Sale
Contact for pricing
142 S Main Street #205, Van Alstyne, TX 75495
Quiet individual workspace with shared common areas, utilities, and internet access included.
Property Size4,125 SF
Price / SF$0.10
Days on Market53
Property Features for 142 S Main Street #205
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Office
Additional Details
Floor
second floor
Amenities
common space
Building Details
Year Built
1920
Listing Agency:
Lonestar Luxury Realty
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 28 at 7:57AM
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 Lonestar Luxury Realty
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Investment Insights
Based on property information with market context.
Suite 205 is a 96-square-foot office unit on the second floor of a downtown commercial building. The space is presented as a quiet individual workspace with access to common areas, utilities, and internet service included. The property was built in 1920 and contains 4,125 square feet overall.
The suite is located off Main Street in downtown Van Alstyne and is accessed through the rear of the storefront. Its compact configuration is suited to an individual office user seeking a dedicated workspace outside the home. The source information notes that the space does not provide the privacy required for counseling, medical, or salon services.
The suite is located off Main Street in downtown Van Alstyne and is accessed through the rear of the storefront. Its compact configuration is suited to an individual office user seeking a dedicated workspace outside the home. The source information notes that the space does not provide the privacy required for counseling, medical, or salon services.
Key Highlights
- 96‑square‑foot second‑floor office suite
- Suite #205 with access through the rear of the storefront
- Utilities and internet access included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,999
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,980
$1.4M
Cap Rate 7%
$985,700
$985.7K
Cap Rate 9%
$766,656
$766.7K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$126.7K $30.72/SF
− Vacancy
−$34.7K −$8.42/SF
EGI
$92.0K $22.30/SF
− OpEx
−$23.0K −$5.58/SF
NOI
$69.0K $16.73/SF
Area
Grayson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,980
Cap Rate 7%
$985,700
Cap Rate 9%
$766,656
Alternative Uses
Best Use
Office B
$985.7K
$862.5K – $1.15M
NOI $68,999 @ 7.0% cap · market cap 16,235.06%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.12M
$1.85M – $2.47M
NOI $148,129 @ 7.0% cap · market cap 34,853.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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Business Placement
Demographics for 75495, TX
9,061
Population
4,082
Households
2.2
Avg Household Size
40
Median Age
39%
College-Educated
94%
High-School Grad
67.7 sq mi
ZIP Area
134
Density / Sq Mi
$105,520
Median Household Income
$49,603
Median Earnings
$1,239
Median Rent
$353,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Quiet individual workspace with shared common areas, utilities, and internet access included.
Where is this office unit located?
The property is located at 142 S Main Street #205 Van Alstyne, TX.
What are key features of this property?
This property features: 96‑square‑foot second‑floor office suite; Suite #205 with access through the rear of the storefront; Utilities and internet access included
