Updated Office Building with Four
For Sale
$399,000
501 N Main St, Lindale, TX 75771
Flexible commercial layout with reception, break-room, restroom, and parking components for professional business use.
Property Size1,696 SF
Price / SF$235.26
Days on Market57
Property Features for 501 N Main St
General Information
Standard status
Active
Size
1,696 SF
Amenities
private offices
reception area
kitchen
bathrooms
ample parking
Building Details
Year Built
1964
Buildings
1
Listing Agency:
Leslie Cain Realty
Listed By:
April Shipman · License #0680481
(903) 330-5192
Source:
Heritance
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 7 at 3:10PM
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 Leslie Cain Realty
Investment Insights
Based on property information with market context.
This 1,696-square-foot office property combines an updated interior with a practical layout for a range of professional operations. The building includes four enclosed offices or treatment rooms, a reception or waiting area, a kitchen or break room, and two bathrooms. The configuration supports private work areas while maintaining a shared customer-facing space.
Located at 501 N Main St in downtown Lindale, the property sits near SpringHill Suites, TJC North Campus, and multiple restaurants. The surrounding setting places the office near established hospitality, education, and dining destinations, with parking available on site. Built in 1964, the building offers a dedicated commercial setting with adaptable interior spaces.
Located at 501 N Main St in downtown Lindale, the property sits near SpringHill Suites, TJC North Campus, and multiple restaurants. The surrounding setting places the office near established hospitality, education, and dining destinations, with parking available on site. Built in 1964, the building offers a dedicated commercial setting with adaptable interior spaces.
Key Highlights
- 1,696‑square‑foot office property with an updated interior
- Four private offices or treatment rooms
- Reception or waiting area for visitors and clients
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,095
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,900
$501.9K
Cap Rate 7%
$358,500
$358.5K
Cap Rate 9%
$278,833
$278.8K
Market Conditions
NOI Build-Up for 1,696 SF
Gross rent
$50.3K $29.64/SF
− Vacancy
−$8.4K −$4.98/SF
EGI
$41.8K $24.66/SF
− OpEx
−$16.7K −$9.86/SF
NOI
$25.1K $14.80/SF
Area
Smith County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,900
Cap Rate 7%
$358,500
Cap Rate 9%
$278,833
Alternative Uses
Best Use
Healthcare Medical
$358.5K
$313.7K – $418.3K
NOI $25,095 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$287.8K
$251.9K – $335.8K
NOI $20,148 @ 7.0% cap · market cap 5.05%
Theoretical Best
Hotel Hospitality
$1.28M
$1.12M – $1.49M
NOI $89,422 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
316
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 units - Flexible commercial layout with reception, break-room, restroom, and parking components for professional business use.
Where is this office units located?
The property is located at 501 N Main St Lindale, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,696‑square‑foot office property with an updated interior; Four private offices or treatment rooms; Reception or waiting area for visitors and clients
