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    First-Floor Office Space Title is generated by Realmo AI

    15048 US Highway 75, Van Alstyne, TX 75495

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    For Lease
    $750 /Mo

    COMMERCIAL - Van Alstyne, TX

    Type:Office
    Lot size:
    19.66 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 15048 US Highway 75

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Driveway
    Standard status
    Active
    APN
    384684
    Lot size
    19.66 Acres

    Taxes and HOA fees

    Tax Description
    HIX ADDITION, LOT PT 2, ACRES 19.656

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    2
    Number of units
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Billy Medlock

    Listing agent Billy Medlock License #0701535

    Listing office Crew Real Estate LLC Van Alstyne, TX

    Listing date Mar 9, 2026

    MLS# 21202498

    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

    • First‑floor office space with central heating and central air conditioning
    • Year built 1999 with metal roof
    • Driveway parking
    • Wastewater served by aerobic septic
    • Base rent plus average utilities; owners willing to work with tenant on use

    Overview

    This first-floor office space offers a straightforward setup for day-to-day business use. The owners are willing to work with the tenant on the intended use, which can be helpful for operators looking for some flexibility in how the space is utilized. The offering is structured with base rent plus average utilities, supporting predictable occupancy costs.

    The property is located at 15048 US Highway 75 in Van Alstyne, TX (75495). With highway frontage on a major corridor, the location is well suited for tenants seeking convenient visibility and access for staff and visitors.

    For prospective tenants, this space may fit a range of office-oriented businesses that want to remain on the first level. The combination of a first-floor layout and an owner who is open to coordinating on use makes it a practical option for groups that value flexibility while maintaining a professional, customer-accessible office presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Parts Store Nail Salon Auto Repair Shop Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.602495
    Latitude
    33.452931

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    FAQs

    What type of property is this?
    Office units - First-floor office space with flexible use discussions, offered with base rent plus average utilities.
    Where is this office units located?
    The property is located at 15048 US Highway 75 Van Alstyne, TX.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: First‑floor office space with central heating and central air conditioning; Year built 1999 with metal roof; Driveway parking
    (469) 625-4080
    We can help!
    Listing Contact
    Billy Medlock
    Real Estate License ID: 0701535
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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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    15048 US Highway 75, Van Alstyne, TX 75495
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