Building Details

Year built 2017

Listing Agency: Jane Byrd Properties International L.L.C. Show Phone

Listed By: April Purvis Show Phone

Added: Sep 11 Changed: Oct 7 Last Checked: Oct 31 at 3:06AM

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MLS# 70015164

Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 2017, this mixed-use property includes a 3,738-square-foot office building arranged in multiple suites and a separate 3,000-square-foot shop. The shop has 200-amp, three-phase power. Suites 1, 2, and 5 have long-term leases, while Suites 3 and 4 are vacant; an active commercial billboard is also on site.

The vacant suites measure 632 square feet and 598 square feet, respectively. Together, the office, shop, leased and vacant suites, and billboard make up the property’s documented commercial components.

Key Highlights

• 3,738‑square‑foot multi‑suite office building
• Separate 3,000‑square‑foot shop with 200‑amp, 3‑phase power
• Suites 1, 2, and 5 have long‑term leases

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,360

Cap Rate

8.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$967,200 $967.2K

Cap Rate 7%

$690,857 $690.9K

Cap Rate 9%

$537,333 $537.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,738 SF

Gross rent

$88.8K $23.76/SF

− Vacancy

−$24.3K −$6.51/SF

EGI

$64.5K $17.25/SF

− OpEx

−$16.1K −$4.31/SF

NOI

$48.4K $12.94/SF

Area

Angelina County, TX

Vacancy

27.40%

Lease Rate

$23.76 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$967,200

Cap Rate 7%

$690,857

Cap Rate 9%

$537,333

Alternative Uses

Best Use

Office B

$690.9K

$604.5K – $806.0K (±1% cap)

NOI $48,360 @ 7.0% cap · market cap 8.13%

Second Best

Mixed Use

$528.7K

$462.6K – $616.8K (±1% cap)

NOI $37,006 @ 7.0% cap · market cap 6.22%

Theoretical Best

Office A

$1.05M

$921.8K – $1.23M (±1% cap)

NOI $73,745 @ 7.0% cap · market cap 12.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Bakery Butcher Big Box & Wholesale Store Bed & Breakfast Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Office units

Multi-tenant

Tenancy

Yes

Heavy power

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Explore this area Business Placement

Demographics for 75969, TX

4,301

Population

1,688

Households

2.5

Avg Household Size

43

Median Age

15%

College-Educated

82%

High-School Grad

82.8 sq mi

ZIP Area

52

Density / Sq Mi

$80,438

Median Household Income

$36,645

Median Earnings

$1,068

Median Rent

$155,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A multi-suite office building and separate shop provide distinct spaces for commercial operations.

Where is this mixed-use property located?

The property is located at 15306 US Hwy 69N Wells, TX.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: 3,738‑square‑foot multi‑suite office building; Separate 3,000‑square‑foot shop with 200‑amp, 3‑phase power; Suites 1, 2, and 5 have long‑term leases