Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Commercial Building in Gladewater Title is generated by Realmo AI

    401 & 501 W Upshur Ave, Gladewater, TX 75647

    View on Map
    Claim this Listing
    For Sale
    $449,995

    COMMERCIAL - Gladewater, TX

    Property size:
    29,000 SF
    Lot size:
    1.48 Acres
    Price / SF:
    $15/SF
    Added:
    Nov 17, 2023
    Days on Market:
    919
    Last Refresh:
    May 24 at 12:06 am

    Property Features for 401 & 501 W Upshur Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    29,000 SF
    Lot size
    1.48 Acres

    Building Details

    Floors in Building
    2
    Number of units
    1
    Building materials
    Basement, Concrete, Slab
    Roof type
    Composition

    We can help!

    Listing Contact
    Vivian Butler
    Vivian Butler

    Listing agent Vivian Butler License #0695595

    Listing office Century 21 Heritage 701 S Main Street, Henderson, TX

    Listing date Nov 17, 2023

    MLS# 20236811

    Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 29,000 sqft building offers significant space for diverse commercial uses.
    • Strategic location in Gladewater, Texas, provides convenient access to shopping, dining, and major highways.
    • Versatile layout includes multiple large rooms, office spaces, and specialized areas suitable for retail, corporate headquarters, or continued use as a church.
    • Proximity to major highways ensures easy accessibility for customers, clients, and employees.
    • Located in a thriving community, enhancing its appeal as a hub of activity and convenience.
    • Concrete slab foundation.

    Overview

    Located in Gladewater, Texas, this 29,000 sqft building is currently used as a church and presents a commercial opportunity. The property's location provides access to shopping, dining, and major highways. The building contains multiple large rooms, office spaces, and specialized areas, making it suitable for a range of commercial uses, including retail, corporate headquarters, or continued use as a place of worship. The property is situated close to major highways, providing accessibility for customers, clients, and employees. Its proximity to local shopping and dining enhances its appeal. The lot size is 1.48 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gladewater Church of the Nazarene Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladewater
    County
    Gregg
    State
    Texas
    Longitude
    -94.939218
    Latitude
    32.534386

    Nearby Similar for Sale

    • $449,995

      Expansive Building in Gladewater, Texas

      29,000 sqft building suitable for various commercial uses.
      401 & 501 W Upshur Ave, Gladewater, TX 75647
      View Details
    • $199,900
      2,375 SF

      Modern Commercial Building on Main

      Versatile 2,375 SF commercial building in Gladewater, TX.
      819 N Main Street, Gladewater, TX 75647
      View Details
    • $795,000

      Turnkey Church and Fellowship Hall

      Fully furnished church with expansion potential on approximately 3 acres.
      5805 HWY 135, Gladewater, TX 75647
      View Details
    • $189,000

      Historic Church Property in Gladewater

      Unique historic church with versatile spaces in central Gladewater.
      201 E Quitman Avenue, Gladewater, TX 75647
      View Details
    • $155,000
      4,800 SF

      Versatile Commercial Building on Acreage

      4,800 SF commercial building on 2.93 acres in Gladewater, TX.
      150 PR 3367, Gladewater, TX 75647
      View Details
    • $350,000
      7,909 SF

      Large Commercial Space in Gladewater

      Versatile commercial space with apartment in downtown Gladewater, Texas.
      215 E Pacific, Gladewater, TX 75647
      View Details
    • $199,900

      Commercial Property on High-Traffic Area

      Great location for a coffee shop, bakery, or small office.
      821 N Main St, Gladewater, TX 75647
      View Details
    • $295,000
      2,988 SF

      Gladewater Commercial Property For Sale

      Commercial property in Gladewater with office suites and parking.
      112 N. Lee, Gladewater, TX 75647
      View Details
    • $178,000
      2,976 SF

      Commercial Office Space in Gladewater

      2,976 sqft office building with open space and offices.
      309 W Gregg Ave, Gladewater, TX 75647
      View Details
    • $94,500

      Commercial Space Near Gladewater Loop

      Commercial space near the loop, minutes from downtown Gladewater.
      516 S Tyler St, Gladewater, TX
      View Details
    • $3,800,000

      Texas Sporting Clay Facility

      Premier 211-acre sporting clay and recreational complex for sale.
      15250 CR 3111, Gladewater, TX 75647
      View Details
    • $79,900
      858 SF

      Commercial Property on North Main

      Commercial property in Gladewater, Texas, suitable for investment.
      613 N Main St, Gladewater, TX
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - 29,000 sqft building suitable for various commercial uses.
    Where is this church & religious facility located?
    The property is located at 401 & 501 W Upshur Ave Gladewater, TX.
    What is the asking price?
    The asking price for this property is $449,995.
    What are key features of this property?
    This property features: Expansive 29,000 sqft building offers significant space for diverse commercial uses.; Strategic location in Gladewater, Texas, provides convenient access to shopping, dining, and major highways.; Versatile layout includes multiple large rooms, office spaces, and specialized areas suitable for retail, corporate headquarters, or continued use as a church.
    (903) 452-4673
    We can help!
    Listing Contact
    Vivian Butler
    Vivian Butler
    Real Estate License ID: 0695595
    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
    401 & 501 W Upshur Ave, Gladewater, TX 75647
    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!