Flexible Commercial Flex
For Sale
Contact for pricing
819 N Main St., Gladewater, TX 75647
Built in 2022 with adaptable interior areas, covered rear workspace, and secured outdoor features.
Property Size2,375 SF
Price / SF$83.79
Days on Market10
Property Features for 819 N Main St.
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Industrial
Site & Location
Road Access
Yes
Fenced Yard
Yes
Building Details
Year Built
2022
Buildings
1
Building Size
2,375 SF
Listing Agency:
Century 21 Butler Real Estate
(903) 588-2696
Listed By:
Jim Solomon · License #TX
Source:
Crexi
Added: Aug 1
Changed: Aug 9
Last Checked: Aug 10 at 6:42AM
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 Century 21 Butler Real Estate
Investment Insights
Based on property information with market context.
Built in 2022, this 2,375-square-foot flex space combines a reception area, open activity room, kitchen, private work areas, storage, a large shower area, and washer and dryer hookups. The layout can accommodate office, wellness, boutique retail, daycare, pet care, creative, fitness, event, and other service-oriented operations. Double commercial doors connect the building to a covered rear work area that can support deliveries, workshops, or additional business functions.
The property also includes a fenced backyard with artificial turf and a saltwater swimming pool, providing dedicated outdoor space alongside the building. It has operated as a dog grooming and training facility, and the existing configuration includes features suited to a range of commercial applications. The property is located at 819 N Main St. in Gladewater, Texas.
The property also includes a fenced backyard with artificial turf and a saltwater swimming pool, providing dedicated outdoor space alongside the building. It has operated as a dog grooming and training facility, and the existing configuration includes features suited to a range of commercial applications. The property is located at 819 N Main St. in Gladewater, Texas.
Key Highlights
- 2,375‑square‑foot commercial building constructed in 2022
- Reception area, open activity room, kitchen, private work areas, and storage
- Covered rear work area with double commercial doors
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
$13,873
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
6.97%
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%
$277,460
$277.5K
Cap Rate 7%
$198,186
$198.2K
Cap Rate 9%
$154,144
$154.1K
Market Conditions
NOI Build-Up for 2,375 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
$21.7K $9.12/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$19.8K $8.34/SF
− OpEx
−$5.9K −$2.50/SF
NOI
$13.9K $5.84/SF
Area
Gregg County, TX
Vacancy
8.50%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
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%
$277,460
Cap Rate 7%
$198,186
Cap Rate 9%
$154,144
Alternative Uses
Best Use
Office B
$567.5K
$496.6K – $662.1K
NOI $39,727 @ 7.0% cap · market cap 19.96%
Second Best
Retail
$459.6K
$402.1K – $536.2K
NOI $32,170 @ 7.0% cap · market cap 16.17%
Theoretical Best
Hotel Hospitality
$1.79M
$1.57M – $2.09M
NOI $125,222 @ 7.0% cap · market cap 62.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75647, TX
13,485
Population
5,706
Households
2.4
Avg Household Size
40
Median Age
17%
College-Educated
85%
High-School Grad
88.6 sq mi
ZIP Area
152
Density / Sq Mi
$61,356
Median Household Income
$38,939
Median Earnings
$1,030
Median Rent
$164,300
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?
Flex space - Built in 2022 with adaptable interior areas, covered rear workspace, and secured outdoor features.
Where is this flex space located?
The property is located at 819 N Main St. Gladewater, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,375‑square‑foot commercial building constructed in 2022; Reception area, open activity room, kitchen, private work areas, and storage; Covered rear work area with double commercial doors
