Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Space in Brownwood Title is generated by Realmo AI

    700 Carnegie Street, Brownwood, TX 76801

    View on Map
    Claim this Listing
    For Lease
    $20 SF/Yr $12,500/Mo (calc)

    Office - Brownwood, TX

    Type:Office
    Property size:
    7,500 SF
    Lot size:
    0.93 Acres
    Added:
    May 5, 2026
    Days on Market:
    13
    Last Refresh:
    May 17 at 1:06 am

    Property Features for 700 Carnegie Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking features
    On Street, Parking Lot, Unassigned
    Standard status
    Active
    APN
    57719
    Size
    7,500 SF
    Lot size
    0.93 Acres

    Utilities

    Heating system
    Central, Zoned (Heating)
    Cooling system
    Central Air, Multi Units, Zoned

    Building Details

    Year built
    1967
    Flooring type
    Concrete, Other
    Building materials
    Concrete, Stone
    Roof type
    Built-Up, Composition, Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Harris
    Brandon Harris

    Listing agent Brandon Harris License #0497300

    Listing office Mesa Commercial Real Estate 114 Center Avenue, Suite 308, Brownwood, TX

    Listing date May 5, 2026

    MLS# 21242268 Listing URL

    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

    • Full renovation underway in Downtown Brownwood.
    • Social Security Administration relocating to the building (est. Q4 2026).
    • Approximately 7,500 SF available, divisible to 2,500 SF.
    • Owner will build to tenant's specifications.
    • Ample parking and easy access.
    • Dock high loading and additional parking in rear.

    Overview

    This iconic office property, located in Downtown Brownwood, Texas, is undergoing a complete renovation. Approximately 7,500 square feet of space is available, with the possibility of dividing it into smaller units as small as 2,500 square feet. The owner is willing to build to tenant specifications if required. The property features ample parking and easy access. Building signage is available. The rear space includes dock-high loading and additional parking. The Social Security Administration is relocating to the building, with estimated occupancy in Q4 2026. The lot size is 0.93 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brownwood Bulletin Publishing House

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownwood
    County
    Brown
    State
    Texas
    Longitude
    -98.981878
    Latitude
    31.716454

    Nearby Similar for Lease

    • $1,750/Mo
      10,454 SF

      Medical Office Space in Brownwood

      Medical office space available for lease in Brownwood, Texas.
      2510 Crockett Drive, Brownwood, TX 76801
      View Details
    • $1,000/Mo
      10,454 SF

      Medical Office Space in Brownwood

      Medical office space available for rent in Brownwood, Texas.
      2510 Crockett Drive, Brownwood, TX 76801
      View Details
    • $975/Mo

      Renovated Commercial Space in Brownwood

      Newly renovated commercial space perfect for small businesses, move-in ready.
      1205 Coggin Avenue, Brownwood, TX 76801
      View Details
    • $1,650/Mo

      Restored Retail Space in Brownwood

      Meticulously restored retail building in the heart of Brownwood, Texas.
      301 Brown Street, Brownwood, TX 76801
      View Details
    • $3,500/Mo
      2,651 SF

      Medical Office Near Hendrick Medical

      Equipped medical office near Hendrick Medical Center, for sale or lease.
      106 S Park Drive, Brownwood, TX 76801
      View Details
    • $975/Mo
      900 SF

      Renovated Commercial Space for Lease

      Newly renovated commercial space suitable for various businesses.
      1205 Coggin Avenue, Brownwood, TX 76801
      View Details
    • $1,650/Mo
      1,536 SF

      Restored Building in Brownwood Heart

      Meticulously restored 1530 sqft building with original features for lease.
      301 Brown Street, Brownwood, TX 76801
      View Details
    • $20 SF/Yr
      7,500 SF

      Downtown Brownwood Office Space Available

      Renovated office space in downtown Brownwood with flexible configurations.
      700 Carnegie Street, Brownwood, TX 76801
      View Details

    FAQs

    What type of property is this?
    Office building - Iconic downtown Brownwood office space available for lease.
    Where is this office building located?
    The property is located at 700 Carnegie Street Brownwood, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Full renovation underway in Downtown Brownwood.; Social Security Administration relocating to the building (est. Q4 2026).; Approximately 7,500 SF available, divisible to 2,500 SF.
    (214) 577-1520
    We can help!
    Listing Contact
    Brandon Harris
    Brandon Harris
    Real Estate License ID: 0497300
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    700 Carnegie Street, Brownwood, TX 76801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!