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    Medical Office Building with Mixed Use Title is generated by Realmo AI

    620 E Broad Street, Mineola, TX 75773

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    Claim this Listing
    For Sale
    $500,000

    COMMERCIAL - Mineola, TX

    Property size:
    5,574 SF
    Lot size:
    1.03 Acres
    Price / SF:
    $89/SF
    Added:
    Jan 4, 2026
    Days on Market:
    151
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 620 E Broad Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R36065
    Lot size
    1.03 Acres

    Taxes and HOA fees

    Tax Description
    LOT 2 BLK 63 1.026 MINEOLA TOWNSITES ON ON
    Tax Annual Amount
    5906

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick, FiberCement
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Blayne Rush

    Listing agent Blayne Rush License #0491521

    Listing office Rush Homes, LLC. Dallas, TX

    Listing date Jan 4, 2026

    MLS# 21004667

    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

    • Approximately 1.026‑acre commercial property in Mineola just east of downtown on E Broad/US Highway 80
    • Building size about 5,574 SF, built on a pier and beam foundation with frame construction and hardboard siding
    • Medical‑practice design now used as multi‑tenant mixed use with dental practice and general office
    • 4 central HVAC units; central natural gas heating with central air cooling and electric AC
    • 5 restrooms with a toilet and lavatory; carpet and vinyl flooring throughout with panel walls and acoustic ceiling tiles
    • Roof replaced recently; includes rear storage building on concrete

    Overview

    This medical office building is built on a pier and beam foundation with a frame structure, hardboard siding, and a composition roof. The exterior includes brick trim, and the interior is finished with carpet and vinyl flooring, panel walls, and acoustic ceiling tiles. The layout supports a medical-focused environment, and the property is currently used as a multi-tenant mixed use with a dental practice and general office. Operational features include five restrooms and four central HVAC units. A storage building on concrete is located at the rear of the property, providing additional space for overflow storage needs.

    The property is situated in a commercial area in Mineola, just east of downtown, on the sought side of East Broad or US Highway 80. It benefits from easy access on a moderately high-traffic four-lane, bi-directional road, with surrounding uses including banks, car dealerships, restaurants, and retail shops.

    For tenants, buyers, or operators, the existing medical-oriented configuration and current dental and office mix make it well-suited for professional services seeking multiple, controllable spaces under one roof. The recent roof replacement and established infrastructure also support a practical continuation of office and clinic uses, while allowing flexibility for future general office users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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

    • SPCA STORE — Mineola, TX 75773

    Location Insight

    • Map
    • Local Demand
    City
    Mineola
    County
    Wood
    State
    Texas
    Longitude
    -95.482084
    Latitude
    32.661189

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    FAQs

    What type of property is this?
    Medical Office Space - A medical-built office facility with multiple suites, central HVAC, and recently replaced roof in a high-traffic corridor.
    Where is this medical office space located?
    The property is located at 620 E Broad Street Mineola, TX.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Approximately 1.026‑acre commercial property in Mineola just east of downtown on E Broad/US Highway 80; Building size about 5,574 SF, built on a pier and beam foundation with frame construction and hardboard siding; Medical‑practice design now used as multi‑tenant mixed use with dental practice and general office
    (469) 385-7796
    We can help!
    Listing Contact
    Blayne Rush
    Real Estate License ID: 0491521
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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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