Office Building with Highway
For Sale
$595,000
192 US Highway 380, Bridgeport, TX 76426
Office building on 1.14 acres with 328 feet of Highway 380 frontage and traffic counts over 5,500 vehicles daily.
Property Size2,392 SF
Lot Size1.14 Acres
Price / SF$248.75
Days on Market137
Property Features for 192 US Highway 380
General Information
Standard status
Active
Size
2,392 SF
Lot size
1.14 Acres
Property subtype
Office
Site & Location
Traffic Count
5,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,620
Amenities
Electric
3
US Highway, Acreage.
Building Details
Year Built
1992
Listing Agency:
C21 Sue Ann Denton, Decatur
(940) 683-3080
Listed By:
SUE ANN DENTON · License #0399335
(940) 683-3080
Source:
Xome
Added: Apr 10
Changed: Aug 23
Last Checked: Aug 24 at 3:13AM
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 C21 Sue Ann Denton, Decatur
Investment Insights
Based on property information with market context.
This office building sits on 1.14 acres and offers 328 feet of frontage along US Highway 380. The property is listed for sale and is positioned for straightforward access to the surrounding road network.
Public records cited indicate traffic counts over 5,500 daily in 2022 (TXDOT). The property also offers easy access and is described as located just west of a traffic light and a major intersection.
The offering includes the existing office building improvements on the stated land area, providing a compact footprint for an office user or investor seeking visibility and access from a heavily traveled roadway.
Public records cited indicate traffic counts over 5,500 daily in 2022 (TXDOT). The property also offers easy access and is described as located just west of a traffic light and a major intersection.
The offering includes the existing office building improvements on the stated land area, providing a compact footprint for an office user or investor seeking visibility and access from a heavily traveled roadway.
Key Highlights
- Office building on 1.14 acres with 328 ft of Highway 380 frontage
- Traffic count over 5,500 vehicles daily (TXDOT, 2022)
- Convenient access located just west of a traffic light and major intersection
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,011
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$800,220
$800.2K
Cap Rate 7%
$571,586
$571.6K
Cap Rate 9%
$444,567
$444.6K
Market Conditions
NOI Build-Up for 2,392 SF
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.
Gross rent
$73.5K $30.72/SF
− Vacancy
−$20.1K −$8.42/SF
EGI
$53.3K $22.30/SF
− OpEx
−$13.3K −$5.58/SF
NOI
$40.0K $16.73/SF
Area
Wise County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$800,220
Cap Rate 7%
$571,586
Cap Rate 9%
$444,567
Alternative Uses
Best Use
Office B
$571.6K
$500.1K – $666.9K
NOI $40,011 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.80M
$1.58M – $2.10M
NOI $126,118 @ 7.0% cap · market cap 21.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building on 1.14 acres with 328 feet of Highway 380 frontage and traffic counts over 5,500 vehicles daily.
Where is this office building located?
The property is located at 192 US Highway 380 Bridgeport, 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: Office building on 1.14 acres with 328 ft of Highway 380 frontage; Traffic count over 5,500 vehicles daily (TXDOT, 2022); Convenient access located just west of a traffic light and major intersection
