Renovated Office Space, Lindale,
1501 S Main Street, Lindale, TX 75771
- Added:
- Apr 18, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 3 at 12:06 am
Property Features for 1501 S Main Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Pending
- APN
- 100000094803017000
- Size
- 2,200 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Description
- ABST A0948 J SANDERS TRACT 17 S03 & PT LT 18
- Tax Annual Amount
- 5652
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood
- Building materials
- Brick
- Roof type
- Composition
Listing agent Trish Anderson License #0446825 (903) 881-0500
Listing office I-20 Team Real Estate, LLC Lindale, TX (903) 881-0500
Listing date Apr 18, 2026
MLS# 21130000
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
- High‑Traffic Location: Situated on Highway 69 with over 25,000 daily traffic count, ensuring exceptional visibility and exposure.
- Meticulously Renovated Commercial Space: 2200 sq. ft. space blending modern amenities with classic charm.
- Multiple Access Points: Road frontage on both Main Street and Pearl Street provides optimal accessibility.
- Ample Parking: Convenient parking space for visitors, enhancing customer experience.
- Versatile Office Layout: Includes four offices, three bathrooms, a conference room, and a reception area.
- Opportunity to capitalize on the Booming East Texas Market.
Overview
This renovated commercial space, originally built in 1962, offers over 2200 sq. ft. of versatile office space. Located in the heart of Lindale's business district, the property features four offices, three bathrooms, a conference room, and a reception area. The property is situated on Highway 69, with road frontage on Main Street and Pearl Street, and experiences daily traffic exceeding 25,000. Ample parking space is available. The location is suited to a wide range of businesses seeking a central hub for operations. The property is positioned to capitalize on the region's economic vibrancy.
Local Financial Insights For Office B
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 | $39.6k | $18.00 |
| − Vacancy | −$4.8k | −$2.16 |
| EGI | $34.8k | $15.84 |
| − OpEx | −$8.7k | −$3.96 |
| NOI | $26.1k | $11.88 |
2,200 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$373.4K
$326.7K – $435.6K
NOI $26,136 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.66M
$1.45M – $1.93M
NOI $115,995 @ 7.0% cap · market cap 29.37%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Lindale
- County
- Smith
- State
- Texas
- Longitude
- -95.406073
- Latitude
- 32.500053
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Meticulously renovated office space in Lindale's business district.
Where is this office units located?
The property is located at 1501 S Main Street Lindale, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High‑Traffic Location: Situated on Highway 69 with over 25,000 daily traffic count, ensuring exceptional visibility and exposure.; Meticulously Renovated Commercial Space: 2200 sq. ft. space blending modern amenities with classic charm.; Multiple Access Points: Road frontage on both Main Street and Pearl Street provides optimal accessibility.
