Office Building with Private
New
For Sale
$266,500
304 N Main, Lindale, TX 75771
Commercial zoning and a separate service outbuilding add flexibility to this office property.
Property Size1,396 SF
Price / SF$190.90
Days on Market6
Property Features for 304 N Main
General Information
Standard status
Active
Size
1,396 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
decks
built-in cabinetry
Building Details
Year Built
1950
Buildings
2
Listing Agency:
ADT Realty Brokers
Listed By:
Melisa Terry · License #0619964
(903) 881-0500
Source:
Tylerhomeguide
Added: Oct 3
Changed: Oct 7
Last Checked: Oct 7 at 2:27PM
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 ADT Realty Brokers
Investment Insights
Based on property information with market context.
Built in 1950, this office property includes a reception area, seven private offices, and two full bathrooms. Original oak floors and built-in cabinetry remain inside, while two decks provide additional usable space. A separate outbuilding has electrical service, concrete flooring, storage, and a bay door. Parking is available at the front, side, and rear of the property.
The property is on Highway 69 in Lindale, across from the Cannery Row district. Nearby businesses include The Pink Pistol, Texas Music City Grill & Smokehouse, LaCascio's Scratch Italian, Ponderosa Pour House, Red 55 Winery, and Lindale Candy Company. Commercial zoning is identified for the property.
The property is on Highway 69 in Lindale, across from the Cannery Row district. Nearby businesses include The Pink Pistol, Texas Music City Grill & Smokehouse, LaCascio's Scratch Italian, Ponderosa Pour House, Red 55 Winery, and Lindale Candy Company. Commercial zoning is identified for the property.
Key Highlights
- Seven private offices and two full bathrooms
- Two decks extend the usable area
- Separate outbuilding with electrical service, concrete flooring, storage, and a bay door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,584
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,680
$331.7K
Cap Rate 7%
$236,914
$236.9K
Cap Rate 9%
$184,267
$184.3K
Market Conditions
NOI Build-Up for 1,396 SF
Gross rent
$25.1K $18.00/SF
− Vacancy
−$3.0K −$2.16/SF
EGI
$22.1K $15.84/SF
− OpEx
−$5.5K −$3.96/SF
NOI
$16.6K $11.88/SF
Area
Smith County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,680
Cap Rate 7%
$236,914
Cap Rate 9%
$184,267
Alternative Uses
Best Use
Office B
$236.9K
$207.3K – $276.4K
NOI $16,584 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.05M
$920.1K – $1.23M
NOI $73,604 @ 7.0% cap · market cap 27.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 75771, TX
21,870
Population
9,241
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
146.1 sq mi
ZIP Area
150
Density / Sq Mi
$90,112
Median Household Income
$48,088
Median Earnings
$1,318
Median Rent
$266,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning and a separate service outbuilding add flexibility to this office property.
Where is this office building located?
The property is located at 304 N Main Lindale, TX.
What is the asking price?
The asking price for this property is $266,500.
What are key features of this property?
This property features: Seven private offices and two full bathrooms; Two decks extend the usable area; Separate outbuilding with electrical service, concrete flooring, storage, and a bay door
