Multi-Use Stone
55 Heritage Road Gordonville Gordonville, TX 76245
55 Heritage Road Gordonville, Gordonville, TX, 76245
$1,500,000
For Sale
$1,500,000
Stone commercial building with office space and a residential unit, plus extensive Highway 377 frontage and acreage.
Property Size4,000 SF
Lot Size8.00 Acres
Price / SF$375
Days on Market15
Property Features for 55 Heritage Road Gordonville
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 8.00 Acres
Building Details
- Year Built
- 1985
Listing agency
(800) 683-5651
Listed by
Christin Geiselman
(800) 683-5651
Source
Jparhouston
Added: Jul 8 Updated: Jul 22 at 6:57PM Checked: Jul 22 at 6:57PM
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 Christin Geiselman
Investment Insights
Based on property information with market context.
This multi-use commercial property features approximately 4,000 square feet under one roof with two distinct space types. The office portion includes three private offices, a spacious conference room, two bathrooms, flex space, and a large garage designed for storage. The income-producing residential portion offers two bedrooms, one bathroom, a full kitchen, and multiple flexible workspaces.
The property sits on 8 acres with over 870 feet of frontage along Highway 377. Exterior features include two stocked ponds, a fenced yard, two water wells for irrigation, and co-op water. The building is equipped with spray foam insulation along the roofline, a security system with cameras, and a recently installed new roof. Public remarks note the site has no city zoning restrictions. The overall configuration supports an owner-occupant with an on-site manager, rental income, or employee housing, along with room for expansion or additional business operations.
The property sits on 8 acres with over 870 feet of frontage along Highway 377. Exterior features include two stocked ponds, a fenced yard, two water wells for irrigation, and co-op water. The building is equipped with spray foam insulation along the roofline, a security system with cameras, and a recently installed new roof. Public remarks note the site has no city zoning restrictions. The overall configuration supports an owner-occupant with an on-site manager, rental income, or employee housing, along with room for expansion or additional business operations.
Key Highlights
- 1985 built, approx. 4,000 SF stone commercial building with office and residential portions under one roof
- 8 acres with 870+ ft of Highway 377 frontage for multi‑use commercial and investment options
- Office space includes three private offices, conference room, flex space, two bathrooms, and a large storage/garage area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.9k | $30.72 |
| − Vacancy | −$33.7k | −$8.42 |
| EGI | $89.2k | $22.30 |
| − OpEx | −$22.3k | −$5.58 |
| NOI | $66.9k | $16.73 |
4,000 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
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
Hotel Hospitality
$2.05M
$1.80M – $2.39M
NOI $143,640 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Stone commercial building with office space and a residential unit, plus extensive Highway 377 frontage and acreage.
Where is this live-work space located?
The property is located at 55 Heritage Road Gordonville 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: 1985 built, approx. 4,000 SF stone commercial building with office and residential portions under one roof; 8 acres with 870+ ft of Highway 377 frontage for multi‑use commercial and investment options; Office space includes three private offices, conference room, flex space, two bathrooms, and a large storage/garage area
