Move-In Ready Office
For Sale
$299,000
802 Front Street, De Kalb, TX 75559
Well-maintained office with updated paint, private offices, built-in desk/storage, and 1.5 bathrooms.
Property Size1,144 SF
Price / SF$261.36
Days on Market183
Property Features for 802 Front Street
General Information
Standard status
Active
Size
1,144 SF
Property subtype
Office
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,170
Amenities
Central Air
3
City Road, US Highway, Easement.
Building Details
Year Built
1979
Listing Agency:
Coldwell Banker Apex, REALTORS
(972) 772-9300
Listed By:
Rita Ferris
Source:
Xome
Added: Feb 21
Changed: Aug 20
Last Checked: Aug 23 at 2:36AM
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 Coldwell Banker Apex, REALTORS
Investment Insights
Based on property information with market context.
This well-maintained office property presents a clean, professional interior with updated paint throughout. The space is organized with private offices, and each office includes a quality desk and storage already in place, supporting a move-in-ready setup. The layout is described in the public remarks as functional and efficient, and the suite includes 1.5 bathrooms.
According to the public remarks, the property benefits from high visibility and easy accessibility, with exceptional daily traffic flowing in both directions. The address is 802 W Front Street, De Kalb, TX 75559.
Designed for straightforward occupancy, the configuration supports a private office workflow while keeping the overall setup turnkey with ready-to-use office furnishings and storage.
According to the public remarks, the property benefits from high visibility and easy accessibility, with exceptional daily traffic flowing in both directions. The address is 802 W Front Street, De Kalb, TX 75559.
Designed for straightforward occupancy, the configuration supports a private office workflow while keeping the overall setup turnkey with ready-to-use office furnishings and storage.
Key Highlights
- Well‑maintained office property built in 1979
- Central air cooling and heating system listed as 3
- Updated paint throughout for a clean, professional interior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,136
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,720
$382.7K
Cap Rate 7%
$273,371
$273.4K
Cap Rate 9%
$212,622
$212.6K
Market Conditions
NOI Build-Up for 1,144 SF
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.
Gross rent
$35.1K $30.72/SF
− Vacancy
−$9.6K −$8.42/SF
EGI
$25.5K $22.30/SF
− OpEx
−$6.4K −$5.58/SF
NOI
$19.1K $16.73/SF
Area
Bowie 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$382,720
Cap Rate 7%
$273,371
Cap Rate 9%
$212,622
Alternative Uses
Best Use
Office B
$273.4K
$239.2K – $318.9K
NOI $19,136 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$861.7K
$754.0K – $1.01M
NOI $60,317 @ 7.0% cap · market cap 20.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 75559, TX
5,472
Population
2,892
Households
1.9
Avg Household Size
45
Median Age
18%
College-Educated
90%
High-School Grad
292.4 sq mi
ZIP Area
19
Density / Sq Mi
$58,147
Median Household Income
$40,911
Median Earnings
$690
Median Rent
$128,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office with updated paint, private offices, built-in desk/storage, and 1.5 bathrooms.
Where is this office units located?
The property is located at 802 Front Street De Kalb, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Well‑maintained office property built in 1979; Central air cooling and heating system listed as 3; Updated paint throughout for a clean, professional interior
