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    Two-Story Office Building Opportunity Title is generated by Realmo AI

    1610 Posey Lane, Sulphur Springs, TX 75482

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    For Sale
    $995,000

    COMMERCIAL - Sulphur Springs, TX

    Property size:
    4,036 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $246/SF
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 6 at 10:06 am

    Property Features for 1610 Posey Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Parking Lot
    Standard status
    Active
    APN
    R000006702
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Description
    ACRES: 0.577 LOT: 16R BLK: 210 2 ADDN: WALNUT
    Tax Annual Amount
    8641

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Wood, Tile, Carpet
    Building materials
    Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Marlin Jones
    Marlin Jones

    Listing agent Marlin Jones License #0313227

    Listing office Freedom Realty Sulphur Springs, TX

    Listing date Apr 15, 2026

    MLS# 21161490

    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

    • 0.577‑acre light‑commercial site at 1610 Posey Lane, with level, triangular layout and concrete parking on two sides
    • Two‑story commercial office building totaling approx. 4,036 SF, built in 1998 with stucco exterior and a standing‑seam metal roof
    • Owner‑occupied first floor includes reception area, kitchenette, and two restrooms; second floor has two leased office suites plus two vacant offices
    • Utilities include public water and public sewer; heating is natural gas with central heating, and cooling is central air/electric
    • Flooring includes a mix of carpet, wood, and tile; interiors feature sheetrock and wood walls, Formica countertops, and drop‑tile ceilings
    • Additional income from on‑site ATM and ice machine, each under five‑year lease agreements

    Overview

    This two-story commercial office building, constructed in 1998, offers a total of approximately 4,036 square feet with flexible interior layouts suited for a range of professional and service uses. The exterior features a stucco finish and standing-seam metal roof, along with covered porches and balconies. Inside, offices are finished with sheetrock and wood walls, a mix of carpet, wood, and tile flooring, Formica countertops, and drop-tile ceilings. The first floor includes a reception area, kitchenette, and two restrooms and is owner-occupied. The second floor includes two leased office suites, plus two additional vacant offices that can support owner-occupancy or lease-up.

    The property is located on a level, triangular light-commercial site with established municipal utilities and adequate drainage, and it is not located in a floodplain. Concrete parking is provided on two sides, supporting convenient access and visibility along one of the city’s busiest corridors. The building is positioned directly across from Walmart Supercenter and Lowe’s Home Improvement, with close proximity to Interstate 30 and local destinations including downtown and the hospital district.

    The mix of in-place leasing and additional vacancy makes this a practical fit for investors seeking current income with upside, as well as owner-users who want immediate space while building toward fuller utilization. Additional passive income is supported by an on-site ATM and ice machine, each under separate lease agreements.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Guaranty Bank & Trust ... Atm Child & Family Therapy ... Counselor Linda S. Williamson, ... Counselor Century 21 Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur Springs
    County
    Hopkins
    State
    Texas
    Longitude
    -95.596402
    Latitude
    33.109429

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building with leased suites and ready-to-occupy space in a high-visibility retail corridor.
    Where is this office building located?
    The property is located at 1610 Posey Lane Sulphur Springs, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 0.577‑acre light‑commercial site at 1610 Posey Lane, with level, triangular layout and concrete parking on two sides; Two‑story commercial office building totaling approx. 4,036 SF, built in 1998 with stucco exterior and a standing‑seam metal roof; Owner‑occupied first floor includes reception area, kitchenette, and two restrooms; second floor has two leased office suites plus two vacant offices
    (903) 348-5836
    We can help!
    Listing Contact
    Marlin Jones
    Marlin Jones
    Real Estate License ID: 0313227
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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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