Building Details

Floors in Building 1

Number of units 1

Flooring type Concrete

Building materials Brick

Roof type Metal

Listing Agency: Exit Realty Pinnacle Group K***@exitatthelakes.com Show Phone

Listed By: Kathy Hobbs Show Phone

Added: Jun 8 Changed: Oct 2 Last Checked: Oct 22 at 8:06PM

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MLS# 21060062

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.

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Investment Insights

Based on property information with market context.

This brick office unit provides approximately 600 sq ft of commercial space on a 0.17-acre parcel. Interior features include concrete flooring, while the property is served by public water and public sewer. The roof is metal, and open parking is available on site.

The property fronts US Highway 69 N in Lone Oak. Central heat and air are present but require repair, an important consideration for future occupancy and improvements.

Key Highlights

• Approximately 600 sq ft office building on 0.17 acres
• Brick construction with a metal roof and concrete flooring
• Located on US Highway 69 N in Lone Oak

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,609

Cap Rate

2.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$152,180 $152.2K

Cap Rate 7%

$108,700 $108.7K

Cap Rate 9%

$84,544 $84.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 600 SF

Gross rent

$13.2K $21.96/SF

− Vacancy

−$3.0K −$5.05/SF

EGI

$10.1K $16.91/SF

− OpEx

−$2.5K −$4.23/SF

NOI

$7.6K $12.68/SF

Area

Hunt County, TX

Vacancy

23.00%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$152,180

Cap Rate 7%

$108,700

Cap Rate 9%

$84,544

Alternative Uses

Best Use

Office B

$108.7K

$95.1K – $126.8K (±1% cap)

NOI $7,609 @ 7.0% cap · market cap 2.87%

Second Best

—

—

no second resolved use

Theoretical Best

Industrial

$596.2K

$521.7K – $695.6K (±1% cap)

NOI $41,734 @ 7.0% cap · market cap 15.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Building Supply Plumbing Service Bakery Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

120

Businesses Nearby

Explore this area Business Placement

Demographics for 75453, TX

3,737

Population

1,298

Households

2.9

Avg Household Size

43

Median Age

13%

College-Educated

86%

High-School Grad

78.4 sq mi

ZIP Area

48

Density / Sq Mi

$82,000

Median Household Income

$51,506

Median Earnings

$1,096

Median Rent

$204,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Compact office space with open parking, concrete flooring, and public water and sewer service.

Where is this office unit located?

The property is located at 202 US Highway 69 N Lone Oak, TX.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: Approximately 600 sq ft office building on 0.17 acres; Brick construction with a metal roof and concrete flooring; Located on US Highway 69 N in Lone Oak