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    Industrial Showroom and Workshop Title is generated by Realmo AI

    1521 N State Highway 121, Bonham, TX 75418

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    New
    For Sale
    $699,900

    Metal building on a half-acre site with showroom, insulated workshop, roll-up doors, and paved parking for flexible operations.

    Type:Commercial
    Property size:
    3,500 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $199/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:23 am

    Property Features for 1521 N State Highway 121

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Lot size
    0.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2015

    We can help!

    Listing Contact
    Angel Titsworth
    Angel Titsworth

    Listing agent Angel Titsworth License #0489883

    Listing office Weichert Realtors-Solid Ground

    Listing date Jun 4, 2026

    Source Signaturere

    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 Weichert Realtors-Solid Ground

    HighLights

    • 3,500 SF metal building built in 2015 on over a half‑acre site
    • 30x50 showroom with spray foam insulation, vaulted ceiling, restroom, and built‑in service counter
    • 40x50 insulated workshop with three roll‑up doors, walk‑in door, restroom, and 12x11 kitchenette break room area
    • Paved parking lot upfront plus a circle gravel driveway in the back
    • Located on busy Hwy 121 near Bonham High School and close to restaurants and Wal‑Mart
    • Adjoining land is available for purchase from a separate owner

    Overview

    This 3,500 sq. ft. metal building sits on over a half-acre and is arranged to support both public-facing and shop functions. The 30x50 showroom features spray foam insulation, a vaulted ceiling, a restroom, and a built-in service counter. Behind it, the insulated workshop space is 40x50 and includes three roll-up doors, a walk-in door, a restroom, and a 12x11 kitchenette/break room area.

    The property is located on busy Highway 121 near Bonham High School, with nearby retail and restaurant activity including Wal-Mart. A paved parking lot is provided at the front, along with a circle gravel driveway in the back for additional access.

    For buyers seeking a turnkey layout for service, light industrial, or showroom-based businesses, the combination of an insulated showroom and a doored workshop can simplify day-to-day operations and customer/employee flow. An adjoining land option is also available for purchase from a separate owner, providing flexibility if additional outdoor space is needed.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.1927
    Latitude
    33.58536

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    FAQs

    What type of property is this?
    Flex space - Metal building on a half-acre site with showroom, insulated workshop, roll-up doors, and paved parking for flexible operations.
    Where is this flex space located?
    The property is located at 1521 N State Highway 121 Bonham, TX.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: 3,500 SF metal building built in 2015 on over a half‑acre site; 30x50 showroom with spray foam insulation, vaulted ceiling, restroom, and built‑in service counter; 40x50 insulated workshop with three roll‑up doors, walk‑in door, restroom, and 12x11 kitchenette break room area
    (903) 583-4900
    We can help!
    Listing Contact
    Angel Titsworth
    Angel Titsworth
    Real Estate License ID: 0489883
    Learn More
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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.

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    1521 N State Highway 121, Bonham, TX 75418
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