Six-Unit Office
For Sale
$649,500
406 W Fm 120, Pottsboro, TX 75076
CommercialSale, Pottsboro, TX
Property Size3,500 SF
Lot Size0.53 Acres
Price / SF$185.57
Days on Market94
Property Features for 406 W Fm 120
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
COMMERCIAL
Parking features
Open
Lot features
Corner Lot
Directions
Travel West on FM 120 in Pottsboro towards the Round A Bout. Property is located on the right corner of FM 120 and Spur 316
Standard status
Active
APN
153378
Size
3,500 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
G-0506 HILL T J A-G0506, ACRES .53, 23086 SQ
Tax Annual Amount
6021
Legal Description
G-0506 HILL T J A-G0506, ACRES .53, 23086 SQ
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1978
Floors in Building
1
Number of units
6
Flooring type
Laminate, Carpet, Tile
Building materials
Brick, FiberCement
Roof type
Metal
Listing Agency:
DFW Elite
Listed By:
Sheri Kent
(214) 642-6969
Added: Jul 20
Changed: Oct 18
Last Checked: Oct 21 at 4:06PM
MLS# 21336375
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.
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Investment Insights
Based on property information with market context.
The property includes a 3,500-square-foot commercial building completed in 1978 with six separately configured units. Each unit has its own restroom and office area, with interior finishes including carpet, tile, and laminate. Central air, electric heating, ceiling fans, a metal roof, brick and fiber-cement construction, public water, and public sewer are also in place.
Located at 406 W FM 120 in Pottsboro, the 0.53-acre property sits near a roundabout and across from First United Bank, with additional neighboring businesses including Tammie's Lakeside Hair and Tanning and Mom's Cafe. Three tenants currently occupy the building, including one tenant using two units. Portions of the parking area are leased for privately owned ice and reverse-osmosis water businesses; those businesses are not included in the offering. The sale covers the land and improvements only.
Located at 406 W FM 120 in Pottsboro, the 0.53-acre property sits near a roundabout and across from First United Bank, with additional neighboring businesses including Tammie's Lakeside Hair and Tanning and Mom's Cafe. Three tenants currently occupy the building, including one tenant using two units. Portions of the parking area are leased for privately owned ice and reverse-osmosis water businesses; those businesses are not included in the offering. The sale covers the land and improvements only.
Key Highlights
- 3,500‑square‑foot commercial building on 0.53 acres
- Six units, each with a separate restroom and office space
- Three current tenants, with one tenant occupying two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,545
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,900
$1.2M
Cap Rate 7%
$836,357
$836.4K
Cap Rate 9%
$650,500
$650.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$107.5K $30.72/SF
− Vacancy
−$29.5K −$8.42/SF
EGI
$78.1K $22.30/SF
− OpEx
−$19.5K −$5.58/SF
NOI
$58.5K $16.73/SF
Area
Grayson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,900
Cap Rate 7%
$836,357
Cap Rate 9%
$650,500
Alternative Uses
Best Use
Office B
$836.4K
$731.8K – $975.8K
NOI $58,545 @ 7.0% cap · market cap 9.01%
Second Best
Retail
$829.9K
$726.2K – $968.2K
NOI $58,094 @ 7.0% cap · market cap 8.94%
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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Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-suite commercial property with individual restrooms, office areas, and open parking in a high-traffic Pottsboro setting.
Where is this office building 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: 3,500‑square‑foot commercial building on 0.53 acres; Six units, each with a separate restroom and office space; Three current tenants, with one tenant occupying two units
