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    Victorian Home with Investment Potential Title is generated by Realmo AI

    303 Market W Street W, Honey Grove, TX 75446

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    Claim this Listing
    New
    For Sale
    $460,000

    Hotel/Motel - Honey Grove, TX

    Lot size:
    0.67 Acres
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 12:06 am

    Property Features for 303 Market W Street W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Covered, Garage
    Fireplace
    1
    Standard status
    Active
    APN
    000000094934
    Lot size
    0.67 Acres

    Utilities

    Heating system
    Central, Fireplace(s), Fireplace Insert, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1875
    Flooring type
    Hardwood
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Lore Lane

    Listing agent Lore Lane License #0802673

    Listing office Hygge Homes and Land 122 Bonham St, Paris, TX

    Listing date May 29, 2026

    MLS# 21284835 Listing URL

    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

    • Three dwellings on one lot: a main Victorian home and two additional dwellings suitable for guests or investment properties.
    • Remodeled kitchen featuring granite countertops and stainless steel appliances.
    • Two primary bedrooms, one upstairs with an ensuite bath (claw foot tub and separate shower), and a second downstairs with a walk‑in bathtub and private entrance with ramp access.
    • Outdoor courtyard with covered deck and two gazebo areas.
    • Original hardwood floors and unique architectural details.
    • RV hookup with a 30 amp outlet.

    Overview

    This property features three dwellings situated on a corner lot. The main residence is a Victorian-era home characterized by a white picket fence and a wrap-around porch. Inside, the home showcases original hardwood floors, a staircase, and a handmade wooden spandle. The kitchen has been remodeled with granite countertops and stainless steel appliances. The primary bedroom, complete with an ensuite bath featuring a claw foot tub and separate shower, is located upstairs. Additionally, there is a second primary bedroom that could serve as a mother-in-law suite, equipped with its own bathroom and a walk-in bathtub. This area also has a private entrance with a ramp for accessibility. The back courtyard includes a covered deck and two gazebo areas. The two additional dwellings on the property offer potential as guest accommodations or investment properties. One dwelling, named 'The Nest,' contains a bedroom and private bath. The second dwelling features two bedrooms, a bathroom, and a kitchenette. A 30 amp outlet is available for RV hookups. The property, situated on 0.667 acres, is currently listed as both residential and commercial, though rezoning would be required for commercial use. The property is located in Honey Grove, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

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

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

    Similar Places Nearby

    • Honey Grove 164 — 552 N 6th St, Honey Grove, TX 75446
    • Dolores — 1207 Market St W, Honey Grove, TX 75446

    Location Insight

    • Map
    • Local Demand
    City
    Honey Grove
    County
    Fannin
    State
    Texas
    Longitude
    -95.91166
    Latitude
    33.581856

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    FAQs

    What type of property is this?
    Bed & breakfast - Three dwellings on a corner lot in Honey Grove, Texas.
    Where is this bed & breakfast located?
    The property is located at 303 Market W Street W Honey Grove, TX.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: Three dwellings on one lot: a main Victorian home and two additional dwellings suitable for guests or investment properties.; Remodeled kitchen featuring granite countertops and stainless steel appliances.; Two primary bedrooms, one upstairs with an ensuite bath (claw foot tub and separate shower), and a second downstairs with a walk‑in bathtub and private entrance with ramp access.
    (903) 609-2050
    We can help!
    Listing Contact
    Lore Lane
    Real Estate License ID: 0802673
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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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