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    Remodeled Multi-Use Office Building Title is generated by Realmo AI

    228 W Grand Street, Whitewright, TX 75491

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    For Sale
    $389,900

    SINGLE_FAMILY - Whitewright, TX

    Type:Office
    Property size:
    8,400 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $46/SF
    Added:
    Mar 2, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 228 W Grand Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Open, Parking Lot
    Standard status
    Active
    APN
    171088
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Description
    OTP WHITEWRIGHT, BLOCK 26, LOT 9 THRU 13, ACR
    Tax Annual Amount
    3791

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Multi Units, Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Wood, Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Sheri Kent
    Sheri Kent

    Listing agent Sheri Kent License #0496604

    Listing office DFW Elite Dallas, TX

    Listing date Mar 2, 2026

    MLS# 20808053

    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

    • 8400 SF commercial building on a .57 acre corner lot in Downtown Whitewright, with 3 separate interior business areas
    • Current tenant is a Brazilian Jiu Jitsu martial arts school occupying the complete building until 2026 (lease in place)
    • Remodeled in 2021 with new roof, electrical, plumbing, spray foam insulation, roll insulation, walls, and flooring in office and multiple restroom areas
    • 3 separate HVAC units and 3 separate electrical meters
    • Metal roof and metal siding; wood and concrete flooring
    • Asphalt parking area holds 35+ vehicles; open parking lot plus public water and public sewer

    Overview

    This remodeled multi-use building provides three separate, functioning interior areas designed for multiple business operations. Completed in 2021, the improvements include a new roof, updated electrical and plumbing, spray foam and roll insulation, new walls and flooring in the office areas, and multiple restroom areas throughout. The property is served by three separate HVAC units and three separate electrical meters, supporting flexible utility usage across its interior spaces.

    Located in the heart of downtown Whitewright on a large paved corner lot, the site offers parking capacity for 35+ vehicles with ease. The current tenant is Sindwinder Brazilian Jiu Jitsu Martial Arts School, occupying the complete building under an existing lease set to run until 2026. Please note that no showings are scheduled after 5 pm due to open class times.

    For investors and owner-operators seeking income-producing real estate in a growing Grayson County community, this property offers a turn-key, recently updated setup with strong continuity from its in-place lease. The multi-area configuration and multiple HVAC and meter setup may also appeal to buyers looking for a practical space to support future tenants or diversified uses within the same building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sidewinder Jiu Jitsu ... Training Center Pettit's Grocery Grocery & Convenience Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitewright
    County
    Grayson
    State
    Texas
    Longitude
    -96.3953253
    Latitude
    33.5130284

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    FAQs

    What type of property is this?
    Office building - Fully remodeled in 2021 and currently leased through 2026, offering flexible interior areas with ample paved parking.
    Where is this office building located?
    The property is located at 228 W Grand Street Whitewright, TX.
    What is the asking price?
    The asking price for this property is $389,900.
    What are key features of this property?
    This property features: 8400 SF commercial building on a .57 acre corner lot in Downtown Whitewright, with 3 separate interior business areas; Current tenant is a Brazilian Jiu Jitsu martial arts school occupying the complete building until 2026 (lease in place); Remodeled in 2021 with new roof, electrical, plumbing, spray foam insulation, roll insulation, walls, and flooring in office and multiple restroom areas
    (214) 642-6969
    We can help!
    Listing Contact
    Sheri Kent
    Sheri Kent
    Real Estate License ID: 0496604
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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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