Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historical Downtown Office Space Available Title is generated by Realmo AI

    201 W California Street, Gainesville, TX 76240

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $450/Mo $0.28 SF/Yr (calc)

    Prime office space in the heart of Gainesville's Downtown.

    Type:Rental
    Property size:
    19,200 SF
    Lot size:
    0.22 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    63
    Last Refresh:
    Feb 10 at 1:50 pm

    Property Features for 201 W California Street

    General Information

    Standard status
    Active
    Size
    19,200 SF
    Lot size
    0.22 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1917

    We can help!

    Listing Contact
    Christy Johnson

    Listing agent Christy Johnson License #0532570

    Listing office TIERRA REAL ESTATE

    Listing date Mar 24, 2026

    Source Exitrealty

    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 TIERRA REAL ESTATE

    HighLights

    • Prime office space in the heart of Gainesville's Downtown Courthouse Square.
    • 9600 sq ft second‑floor space suitable for single tenant or shared workspace.
    • Option for 20 single offices at $450/month, all bills paid except internet.
    • Shared amenities include kitchen, work room, 2 conference rooms, multiple bathrooms, and reception area.
    • Convenient access with two stairwells and a working elevator.
    • Historical building dating back to the early 1900s.

    Overview

    This historical downtown building, dating back to the early 1900s, is located in the heart of Gainesville's Downtown Courthouse Square, a growing business and retail district with eateries. The second floor offers 9,600 square feet of prime office space. It can be utilized as an incubator for a business to grow, or as shared workspace for multi-tenant users, offering the option for 20 single offices. The monthly rate is $450, with all bills paid except internet, which is an additional $30 per month. Shared amenities include a kitchen space, work room, two conference rooms, multiple bathrooms, and a reception or waiting area. Access is provided by two designated stairwells and a working elevator. The building is located within an hour's drive to the DFW area. The property size is 19,200 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    Gainesville
    County
    Cooke
    State
    Texas
    Longitude
    -97.144455
    Latitude
    33.627462

    Nearby Similar for Lease

    • $895/Mo

      Updated Office Unit For Rent

      Move-in ready office unit with reception, offices, and amenities.
      1700 N Weaver Street, Gainesville, TX 76240
      View Details
    • $1.00 SF/Yr

      Renovated Office Suite Available Now

      Available office suite with flexible terms in a renovated building.
      413 E Broadway Street, Gainesville, TX 76240
      View Details
    • $1,575/Mo

      Downtown Gainesville Retail Space Available

      Retail space in downtown Gainesville, near courthouse and I-35.
      712 E California Street, Gainesville, TX 76240
      View Details
    • $650/Mo
      2,500 SF

      Gainesville Warehouse Near Downtown

      2,500 SF warehouse near downtown Gainesville available for lease.
      517 E Broadway Street, Gainesville, TX 76240
      View Details
    • $750/Mo

      Gainesville Warehouse Storage Stalls

      Storage stalls available for lease in Gainesville, Texas.
      517 E Broadway Street, Gainesville, TX 76240
      View Details
    • $850/Mo
      2,500 SF

      Gainesville Warehouse/Retail Space For Rent

      2,500 SF structure near downtown Gainesville available for rent.
      517 E Broadway Street #C, Gainesville, TX 76240
      View Details
    • $1,200/Mo

      Office Space in Gainesville, TX

      Office space for rent in an industrial park setting.
      517 E Broadway Street, Gainesville, TX 76240
      View Details
    • Contact for pricing
      4,199 SF

      Gainesville Office Space Available

      Office space for rent in Gainesville, Texas.
      321 E California St, Gainesville, TX
      View Details
    • $3,950/Mo
      5,000 SF

      Downtown Commercial Property For Rent

      Prime commercial property in the historical downtown district, ideal for offices.
      214 E California Street #B, Gainesville, TX 76240
      View Details
    • $895/Mo
      1,050 SF

      Move-in Ready Office Unit

      Functional office unit with reception, offices, and modern updates.
      1700 N Weaver Street, Gainesville, TX 76240
      View Details
    • $2,500/Mo
      3,248 SF

      Gainesville Office Space For Rent

      Versatile office space in Gainesville, Texas, formerly a dental clinic.
      509 E Elm Street, Gainesville, TX 76240
      View Details
    • $1.00 SF/Yr
      1,267 SF

      Renovated Office Suite Available

      Renovated 1267 SF office suite with flexible lease terms.
      413 E Broadway Street #B, Gainesville, TX 76240
      View Details

    FAQs

    What type of property is this?
    Office building - Prime office space in the heart of Gainesville's Downtown.
    Where is this office building located?
    The property is located at 201 W California Street Gainesville, TX.
    What is the lease rate?
    The lease rate is $450 /Mo.
    What are key features of this property?
    This property features: Prime office space in the heart of Gainesville's Downtown Courthouse Square.; 9600 sq ft second‑floor space suitable for single tenant or shared workspace.; Option for 20 single offices at $450/month, all bills paid except internet.
    (940) 665-6730
    We can help!
    Listing Contact
    Christy Johnson
    Real Estate License ID: 0532570
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    201 W California Street, Gainesville, TX 76240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!