Mixed-Use Stone Building with
55 Heritage Road, Gordonville, TX 76245
For Sale
$1,500,000
CommercialSale, Gordonville, TX
Property Size4,000 SF
Lot Size8.10 Acres
Price / SF$375
Days on Market141
Property Features for 55 Heritage Road
General Information
Property type
Property subtype
Parking features
Security features
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room
security system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Southernlifeliving.com
Listed By:
Laura Bradley · License TX #0617941
(940) 390-3911
Added: Jun 26
Changed: Oct 30
Last Checked: Nov 13 at 8:06PM
MLS# 21311961
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.
This mixed-use property combines professional office space with a residential component in an approximately 4,000-square-foot stone building constructed in 1985. The office area includes three private offices, a conference room, two bathrooms, flex space, and a large garage. The residential portion contains two bedrooms, one bathroom, a full kitchen, and additional work areas. A recently installed composition roof, spray foam insulation along the roofline, central heating and cooling, and a camera-equipped security system are also included.
The property covers 8.099 acres at 55 Heritage Road in Gordonville, with more than 870 feet of frontage along Highway 377. Exterior features include two stocked ponds, a fenced yard, two water wells for irrigation, co-op water, covered parking, and room for expansion or additional operations. The site is outside city limits and has no zoning restrictions stated in the property information.
The property covers 8.099 acres at 55 Heritage Road in Gordonville, with more than 870 feet of frontage along Highway 377. Exterior features include two stocked ponds, a fenced yard, two water wells for irrigation, co-op water, covered parking, and room for expansion or additional operations. The site is outside city limits and has no zoning restrictions stated in the property information.
Key Highlights
- 8.099‑acre mixed‑use property with more than 870 feet of Highway 377 frontage
- Approximately 4,000‑square‑foot stone building constructed in 1985
- Office area includes 3 private offices, conference room, 2 bathrooms, flex space, and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,908
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,160
$1.3M
Cap Rate 7%
$955,829
$955.8K
Cap Rate 9%
$743,422
$743.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$122.9K $30.72/SF
− Vacancy
−$33.7K −$8.42/SF
EGI
$89.2K $22.30/SF
− OpEx
−$22.3K −$5.58/SF
NOI
$66.9K $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%
$1,338,160
Cap Rate 7%
$955,829
Cap Rate 9%
$743,422
Alternative Uses
Best Use
Office B
$955.8K
$836.4K – $1.12M
NOI $66,908 @ 7.0% cap · market cap 4.46%
Second Best
Mixed Use
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,496 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 76245, TX
1,954
Population
1,408
Households
1.4
Avg Household Size
55
Median Age
22%
College-Educated
87%
High-School Grad
24.2 sq mi
ZIP Area
81
Density / Sq Mi
$75,391
Median Household Income
$32,885
Median Earnings
$840
Median Rent
$196,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and residential components share a flexible commercial building with highway exposure and expansion area.
Where is this mixed-use property located?
The property is located at 55 Heritage Road Gordonville, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8.099‑acre mixed‑use property with more than 870 feet of Highway 377 frontage; Approximately 4,000‑square‑foot stone building constructed in 1985; Office area includes 3 private offices, conference room, 2 bathrooms, flex space, and garage
