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    Downtown Medical Office Building Title is generated by Realmo AI

    201 Clay Street, Nocona, TX 76255

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    For Sale
    $600,000

    Well-maintained office building with six private offices, server room infrastructure, and covered parking in central downtown Nocona.

    Type:Commercial
    Property size:
    3,900 SF
    Price / SF:
    $153/SF
    Added:
    Jun 4, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:05 am

    Property Features for 201 Clay Street

    General Information

    Standard status
    Active
    Size
    3,900 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    Matthew Fenoglio

    Listing agent Matthew Fenoglio License #0655903

    Listing office Superior Land & Homes LLC

    Listing date Jun 4, 2026

    Source Signaturere

    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 Superior Land & Homes LLC

    HighLights

    • Approximately 3,900 SF commercial office building in downtown Nocona
    • Year built 1992 with major additions in 2000 and 2018
    • Six private offices plus kitchenette and a dedicated server room with network wiring to every office
    • Three bathrooms, including one bathroom with a full shower
    • Covered parking on‑site
    • Corner location at the entrance to downtown for visibility and accessible client/staff access

    Overview

    Well-maintained downtown office building originally built in 1993 and expanded with major additions in 2000 and 2018. The approximately 3,900-square-foot layout includes six private offices, three bathrooms (including one with a full shower), and a kitchenette. The property also features a dedicated server room and network wiring distributed to every office, supporting IT and connectivity needs. Covered parking is provided for added convenience.

    The building sits on a corner at the entrance to downtown Nocona, offering a highly visible presence and convenient access for clients and staff.

    Configured for professional and medical use, this property is well suited for organizations that need multiple individual offices, on-site support space, and reliable network infrastructure. With several bathrooms and in-office utility options, it can accommodate a range of office-based operations, including growing business headquarters or a practice seeking a centralized location. The combination of established structure and later updates supports practical day-to-day use for tenants and buyers evaluating a dedicated office setting.
    Location Intelligence

    Current Use by Public Records

    Cris a Lemon CPA: ... Tax Preparation

    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
    Nocona
    County
    Montague
    State
    Texas
    Longitude
    -97.727419
    Latitude
    33.789034

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building with six private offices, server room infrastructure, and covered parking in central downtown Nocona.
    Where is this office building located?
    The property is located at 201 Clay Street Nocona, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Approximately 3,900 SF commercial office building in downtown Nocona; Year built 1992 with major additions in 2000 and 2018; Six private offices plus kitchenette and a dedicated server room with network wiring to every office
    (940) 825-6094
    We can help!
    Listing Contact
    Matthew Fenoglio
    Real Estate License ID: 0655903
    Learn More
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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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