6-Unit Mixed-Use
For Sale
$649,500
406 W Fm 120, Pottsboro, TX 75076
Six suites feature private restrooms and office areas, with layouts that vary in size.
Property Size3,500 SF
Price / SF$185.57
Days on Market8
Property Features for 406 W Fm 120
General Information
Standard status
Active
Size
3,500 SF
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
DFW Elite
(214) 642-6969
Listed By:
Sheri Kent · License #0496604
(903) 819-2928
Source:
Pinkston-harris
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 14 at 10:44PM
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 DFW Elite
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Investment Insights
Based on property information with market context.
This mixed-use commercial building contains six suites, each with a restroom and office space. Suite sizes and layouts vary. Three tenants currently occupy the property, with one tenant using two suites. The land and improvements are included; the privately operated businesses are not part of the offering. A portion of the parking area is leased for ice and filtered-water dispensing operations.
At 406 W FM 120 in Pottsboro, the property is positioned beside a roundabout. First United Bank and Mom’s Cafe are across the road, while Tammie’s Lakeside Hair and Tanning is next door.
At 406 W FM 120 in Pottsboro, the property is positioned beside a roundabout. First United Bank and Mom’s Cafe are across the road, while Tammie’s Lakeside Hair and Tanning is next door.
Key Highlights
- Six commercial suites, each with a restroom and office space
- Three current tenants; one tenant occupies two suites
- A portion of the parking area is leased for ice and filtered‑water dispensing businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,094
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,880
$1.2M
Cap Rate 7%
$829,914
$829.9K
Cap Rate 9%
$645,489
$645.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$87.4K $24.96/SF
− Vacancy
−$4.4K −$1.25/SF
EGI
$83.0K $23.71/SF
− OpEx
−$24.9K −$7.11/SF
NOI
$58.1K $16.60/SF
Area
Grayson County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,161,880
Cap Rate 7%
$829,914
Cap Rate 9%
$645,489
Alternative Uses
Best Use
Retail
$829.9K
$726.2K – $968.2K
NOI $58,094 @ 7.0% cap · market cap 8.94%
Second Best
Mixed Use
$495.0K
$433.1K – $577.5K
NOI $34,650 @ 7.0% cap · market cap 5.33%
Theoretical Best
Hotel Hospitality
$1.80M
$1.57M – $2.09M
NOI $125,685 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 75076, TX
8,057
Population
4,361
Households
1.8
Avg Household Size
50
Median Age
21%
College-Educated
93%
High-School Grad
50.3 sq mi
ZIP Area
160
Density / Sq Mi
$76,644
Median Household Income
$41,274
Median Earnings
$1,337
Median Rent
$241,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Six suites feature private restrooms and office areas, with layouts that vary in size.
Where is this mixed-use property located?
The property is located at 406 W Fm 120 Pottsboro, TX.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: Six commercial suites, each with a restroom and office space; Three current tenants; one tenant occupies two suites; A portion of the parking area is leased for ice and filtered‑water dispensing businesses
