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    Flex Warehouse with Office Title is generated by Realmo AI

    200 E Bonham, Cooper, TX 75432

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    Claim this Listing
    For Sale
    $269,900

    COMMERCIAL - Cooper, TX

    Lot size:
    0.26 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 4 at 7:06 am

    Property Features for 200 E Bonham

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot, Garage
    Standard status
    Active
    APN
    5801
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    OLD TOWN COOPER, BLOCK 3, LOT 1, LOT N W 1/4
    Tax Annual Amount
    3449

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wood Stove, Wood
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1998
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Mindy Bell

    Listing agent Mindy Bell License #0627075

    Listing office Freedom Realty Sulphur Springs, TX

    Listing date Apr 10, 2026

    MLS# 21199098

    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

    • Metal commercial building built in 1998 with 7 bays, an office, and 3 bathrooms
    • Includes 2 lifts and a middle office layout for owner use and potential rental of one side
    • Second commercial building at 201 E Dallas on a 0.2181‑acre lot (per tax roll), noted as older and in need of repair
    • Public utilities: public water and public sewer
    • Metal roof with metal siding; concrete flooring throughout
    • Heating includes wood stove/wood; cooling via window unit(s); parking lot and garage included

    Overview

    This offering includes two commercial properties. The primary asset is a metal building with seven bays, an office, three bathrooms, and two lifts. The office is located in the middle of the building, giving you the option to use the entire space for your operation or separate it for a live-and-lease arrangement. The second building is described as older and in need of repair, but it is positioned as a prime business location.

    The property is located at 200 E Bonham in Cooper, TX, within Delta County. The additional listed location is 201 E Dallas, with a lot size of 0.2181 acres per the tax roll; the provided lot size for the overall listing is 0.263 acres. Photos are expected to be added as they become available.

    For buyers, this combination can fit a range of uses that benefit from both functional warehouse space and flexible office setup. The second building may appeal to investors or owner-operators looking for value-add potential, while the main building supports businesses needing multiple bays, dedicated bathrooms, and lift access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Delta County Law ... County Government Office Delta County Sheriff’s ... Sheriff'S Department

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cooper
    County
    Delta
    State
    Texas
    Longitude
    -95.689952
    Latitude
    33.37465

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    FAQs

    What type of property is this?
    Flex space - Two-property offering includes a multi-bay metal warehouse with office and lift capacity plus a second repair-needed building.
    Where is this flex space located?
    The property is located at 200 E Bonham Cooper, TX.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: Metal commercial building built in 1998 with 7 bays, an office, and 3 bathrooms; Includes 2 lifts and a middle office layout for owner use and potential rental of one side; Second commercial building at 201 E Dallas on a 0.2181‑acre lot (per tax roll), noted as older and in need of repair
    (903) 348-5836
    We can help!
    Listing Contact
    Mindy Bell
    Real Estate License ID: 0627075
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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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