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    Former Bank Office Building Title is generated by Realmo AI

    200 N Main Street, Gladewater, TX 75647

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    Claim this Listing
    For Lease
    $7,500/Mo $8 SF/Yr (calc)

    COMMERCIAL - Gladewater, TX

    Type:Office
    Property size:
    10,917 SF
    Lot size:
    0.95 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 200 N Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Driveway, Open
    Standard status
    Active
    APN
    000000031869
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Description
    LTS 24 THRU 28 NCB 18 GLADEWATER & PT OF ALLE

    Utilities

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

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    Brick

    We can help!

    Listing Contact
    Grace Chen

    Listing agent Grace Chen License #0508265

    Listing office Grace Chen Plano, TX

    Listing date Apr 19, 2026

    MLS# 21244355

    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

    • Former Capital One bank building with multiple office spaces and lots of parking
    • Lease options include suites from 200 SF to 3,839 SF or the full 10,917 SF building
    • Monthly rent is $7,500 plus NNN
    • Built in 1980 with brick construction
    • Central heating and central air conditioning; natural gas heat
    • Public water and public sewer

    Overview

    Former Capital One bank building offering a straightforward office layout with multiple offices throughout. The property also includes larger rooms suitable for conference-style meetings or church activities, and it comes with lots of parking spaces for tenants and visitors. Suites can be leased starting from about 200 SqFt up to approximately 3,839 SqFt, or the entire building is available for businesses needing the full footprint of roughly 10,917 SqFt.

    Located in the heart of Gladewater at 200 N Main Street, the building is positioned for convenient access by customers and staff in the middle of town. Its central setting can support a range of professional uses, with on-site parking to help simplify day-to-day operations.

    This space is well suited for professional office users such as attorney’s offices, financial consultants, accountants, and insurance agencies. For operators seeking a bank-style footprint, the building is also especially well matched for banking needs. Flexible suite leasing makes it a practical option for smaller teams, while leasing the whole building can work for organizations that need multiple offices plus dedicated meeting space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladewater
    County
    Gregg
    State
    Texas
    Longitude
    -94.943108
    Latitude
    32.535642

    FAQs

    What type of property is this?
    Office building - Flexible office suites or full building lease with ample parking and meeting space in the city center.
    Where is this office building located?
    The property is located at 200 N Main Street Gladewater, TX.
    What is the lease rate?
    The lease rate is $7,500 /Mo.
    What are key features of this property?
    This property features: Former Capital One bank building with multiple office spaces and lots of parking; Lease options include suites from 200 SF to 3,839 SF or the full 10,917 SF building; Monthly rent is $7,500 plus NNN
    (972) 987-9988
    We can help!
    Listing Contact
    Grace Chen
    Real Estate License ID: 0508265
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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.

    More about this property
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