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    Nursery and Gift Shop with Home Title is generated by Realmo AI

    617 W MAIN, Whitesboro, TX 76273

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    For Sale
    $420,000

    COMMERCIAL - Whitesboro, TX

    Lot size:
    1.00 Acre
    Added:
    Nov 10, 2025
    Days on Market:
    205
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 617 W MAIN

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Open, Driveway, Oversize
    Security features
    Security
    Standard status
    Active
    APN
    169579
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Concrete
    Building materials
    WoodSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Missy Laughlin
    Missy Laughlin

    Listing agent Missy Laughlin License #0638921

    Listing office Real Estate Shoppe TX, LLC Gainesville, TX

    Listing date Nov 10, 2025

    MLS# 21107134

    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.

    HighLights

    • On HWY 56 with access just off Hwy 82
    • Includes an established nursery and gift shop
    • Custom 2‑bedroom, 2‑bathroom home on the property
    • Metal roof; wood siding; concrete flooring
    • Central heating with natural gas; central air with electric cooling and ceiling fans
    • Public water and public sewer; off‑street parking with open driveway and oversize parking

    Overview

    This property is an established local nursery and gift shop, operating for more than 40 years, and currently includes retail space designed for ongoing sales. In addition to the business, the site features a custom 2-bedroom, 2-bathroom home. The home provides a ready option for an owner-occupant, or for use as an income-producing short-term rental such as a VRBO.

    Located on Highway 56 and just off Highway 82, the property offers convenient access to major routes. It is described as minutes from Lake Texoma and local casinos, and it also places the site near the growing, charming downtown Whitesboro area.

    For buyers or operators, the combination of a working nursery and gift shop with on-site housing can support multiple strategies. You can continue the existing retail concept and leverage the property’s established presence, or reimagine the site for another business venture while retaining the option to generate additional revenue through short-term rental use of the home. The overall setup is well-suited for an operator seeking day-to-day control of a retail operation with a live-in or income component on the same parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hedges Florist (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Slagle Termite & Pest Control — 705 Broadway St, Whitesboro, TX 76273

    Location Insight

    • Map
    • Local Demand
    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.916062
    Latitude
    33.656342

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    FAQs

    What type of property is this?
    Nursery and garden center - Operating nursery and gift shop paired with a custom 2-bedroom home, offering flexible options for retail or income use.
    Where is this nursery and garden center located?
    The property is located at 617 W MAIN Whitesboro, TX.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: On HWY 56 with access just off Hwy 82; Includes an established nursery and gift shop; Custom 2‑bedroom, 2‑bathroom home on the property
    (214) 533-9945
    We can help!
    Listing Contact
    Missy Laughlin
    Missy Laughlin
    Real Estate License ID: 0638921
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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