Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Modernized Medical Building in Bonham Title is generated by Realmo AI

    201 West 5th Street, Bonham, TX 75418

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Recently modernized medical building in Bonham, Texas, for lease.

    Type:Office
    Added:
    May 14, 2026
    Days on Market:
    14
    Last Refresh:
    May 16 at 8:14 pm

    Property Features for 201 West 5th Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 201 West 5th Street Contact us

    We can help!

    Listing Contact
    Tonya LaBarbera

    Listing agent Tonya LaBarbera License #678307

    Listing office Rockhill Commercial Real Estate

    Listing date May 14, 2026

    Source Crexi

    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 Rockhill Commercial Real Estate

    HighLights

    • Standalone medical building
    • Fully remodeled interior with vinyl flooring, new high‑efficiency HVAC system, and durable metal roof
    • Convenient location near Sam Rayburn Highway (Hwy 121) and West 5th Street, Bonham, Texas
    • Positioned 60 miles north of the Dallas‑Fort Worth Metroplex
    • Located 30 minutes east of Sherman's expanding tech hub
    • Bonham Economic Development Corporation (BEDCO) investing in infrastructure and commercial development

    Overview

    Located near the intersection of Sam Rayburn Highway (Hwy 121) and West 5th Street in Bonham, Texas, this standalone medical building is conveniently positioned approximately 60 miles north of the Dallas-Fort Worth Metroplex and 30 minutes east of Sherman's expanding tech hub. The property has undergone a comprehensive modernization, including a fully remodeled interior with vinyl flooring, a new high-efficiency HVAC system, and a durable metal roof. Bonham attracts families, professionals, and businesses seeking growth and connection throughout North and Northeast Texas due to its historic downtown, affordable neighborhoods, and exceptional quality of life, with easy access to major regional centers. The Bonham Economic Development Corporation is investing in vital infrastructure, upgrades at Jones Field Airport, public parks, and strategic commercial and industrial development to create new jobs. BEDCO also supports downtown revitalization through matching grants that help business owners enhance their properties.
    Location Intelligence

    Current Use by Public Records

    Benarji Tegala, MD Physician WellMed at Bonham Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.177365
    Latitude
    33.578108

    Nearby Similar for Lease

    • $3,000/Mo

      Bonham Retail/Office Space Available

      1,350 SF retail/office space in high-traffic Bonham location.
      2009 N State Highway 121, Bonham, TX 75418
      View Details
    • $5,000/Mo
      3,640 SF

      Retail - Bonham, TX

      2001 N State Highway 121, Bonham, TX 75418
      View Details
    • $3,000/Mo
      1,350 SF

      Bonham Retail Space For Lease

      1,350 SF retail space in high-visibility Bonham location.
      2009 N State Highway 121, Bonham, TX 75418
      View Details
    • $1,400/Mo
      4,800 SF

      New Flex Warehouse Space Available

      Newly constructed flex warehouse space with utilities included and customizable options.
      4-9020 S State Highway 121, Bonham, TX 75418
      View Details
    • Contact for pricing

      Restaurant Space with Equipment Included

      Restaurant space for rent, includes vent hood and grease trap.
      1219 W Russell Ave, Bonham, TX 75418
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Recently modernized medical building in Bonham, Texas, for lease.
    Where is this medical office space located?
    The property is located at 201 West 5th Street Bonham, TX.
    What are key features of this property?
    This property features: Standalone medical building; Fully remodeled interior with vinyl flooring, new high‑efficiency HVAC system, and durable metal roof; Convenient location near Sam Rayburn Highway (Hwy 121) and West 5th Street, Bonham, Texas
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tonya LaBarbera
    Real Estate License ID: 678307
    Learn More
    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 West 5th Street, Bonham, TX 75418
    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!