Multi-Suite Office
For Sale
$1,250,000
809 Woodrow Wilson Ray Circle, Bridgeport, TX 76426
CommercialSale, Bridgeport, TX
Property Size4,777 SF
Lot Size0.77 Acres
Price / SF$261.67
Days on Market46
Property Features for 809 Woodrow Wilson Ray Circle
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot, Open
Subdivision
North Park Add
Directions
GPS friendly
Standard status
Active
APN
753975
Lot size
0.77 Acres
Taxes and HOA fees
Tax Description
LOT 1B BLK A NORTH PARK ADDITION
Tax Annual Amount
14760
Legal Description
LOT 1B BLK A NORTH PARK ADDITION
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
covered outdoor sitting area
conference room
kitchen-break room
Building Details
Year built
1995
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
C-21 SUE ANN DENTON, BRIDGEPOR · Century 21 Real Estate
(940) 683-3080
Listed By:
Sandi George · License #0743047
(940) 683-3080
Added: Jul 15
Changed: Aug 21
Last Checked: Aug 29 at 3:06AM
MLS# 21331077
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.
Investment Insights
Based on property information with market context.
This brick office property, built in 1995, is arranged as two suites that may serve one business or be occupied separately. The interior includes nine private offices, two reception areas, two workrooms with storage and workspace, a conference room, and a shared kitchen-break room with granite countertops, farmhouse sink, dishwasher, and extensive cabinetry. Vinyl, carpet, and tile flooring are used throughout, with central electric heating and cooling.
The property occupies 0.77 acres at 809 Woodrow Wilson Ray Circle in Bridgeport, Texas, with access to Highway 380. A covered, fenced outdoor sitting area adds an exterior gathering space, while an open parking lot supports the building. Public water and public sewer serve the property. The layout is suited to professional office operations and is also identified as adaptable for medical office use.
The property occupies 0.77 acres at 809 Woodrow Wilson Ray Circle in Bridgeport, Texas, with access to Highway 380. A covered, fenced outdoor sitting area adds an exterior gathering space, while an open parking lot supports the building. Public water and public sewer serve the property. The layout is suited to professional office operations and is also identified as adaptable for medical office use.
Key Highlights
- Two‑suite configuration supports single‑user occupancy or separate leasing
- Nine private offices, two reception areas, and two workrooms
- 4,777 square feet of office space
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
$79,905
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
6.39%
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%
$1,598,100
$1.6M
Cap Rate 7%
$1,141,500
$1.1M
Cap Rate 9%
$887,833
$887.8K
Market Conditions
NOI Build-Up for 4,777 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
$146.7K $30.72/SF
− Vacancy
−$40.2K −$8.42/SF
EGI
$106.5K $22.30/SF
− OpEx
−$26.6K −$5.58/SF
NOI
$79.9K $16.73/SF
Area
Wise 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%
$1,598,100
Cap Rate 7%
$1,141,500
Cap Rate 9%
$887,833
Alternative Uses
Best Use
Office B
$1.14M
$998.8K – $1.33M
NOI $79,905 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.60M
$3.15M – $4.20M
NOI $251,867 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
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 building - Two suites provide flexible occupancy for a single business or separate professional users.
Where is this office building located?
The property is located at 809 Woodrow Wilson Ray Circle Bridgeport, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑suite configuration supports single‑user occupancy or separate leasing; Nine private offices, two reception areas, and two workrooms; 4,777 square feet of office space
