Office Building with Attached
New
For Sale
$399,900
828 N Main Street, Springtown, TX 76082
The 2015 property includes a reception area, six offices, and separate kitchen space.
Property Size2,226 SF
Price / SF$179.65
Days on Market4
Property Features for 828 N Main Street
General Information
Standard status
Active
Size
2,226 SF
Property subtype
Commercial
Zoning
Commercial Office Building
Additional Details
Utilities to Site
Yes
Property Use
Office
Building Details
Building Size
2,226 SF
Year Built
2015
Buildings
1
Stories
1
Units
1
Listing Agency:
Century 21 Alliance Properties
(817) 444-2555
Listed By:
Pat Hickman · License #0454310
(817) 300-6473
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 23 at 3:36PM
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 Alliance Properties
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Investment Insights
Based on property information with market context.
This 2,226-square-foot office building, constructed in 2015, has a lobby with a built-in reception desk, six offices, two bathrooms, a kitchen with a refrigerator, and a mechanical room. An attached one-car garage provides additional enclosed space. The building has been freshly painted, and the remodel included handicap parking at both the front and rear.
Fiber-optic service is available at the street. The City of Springtown supplies water, sewer, and trash pickup, while TXU currently provides electricity. The property is zoned Commercial Office Building.
Fiber-optic service is available at the street. The City of Springtown supplies water, sewer, and trash pickup, while TXU currently provides electricity. The property is zoned Commercial Office Building.
Key Highlights
- 2,226‑square‑foot office building built in 2015
- Six offices, two bathrooms, and a lobby with built‑in reception desk
- Kitchen with refrigerator and electric water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,230
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,600
$564.6K
Cap Rate 7%
$403,286
$403.3K
Cap Rate 9%
$313,667
$313.7K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$48.9K $21.96/SF
− Vacancy
−$11.2K −$5.05/SF
EGI
$37.6K $16.91/SF
− OpEx
−$9.4K −$4.23/SF
NOI
$28.2K $12.68/SF
Area
Parker County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,600
Cap Rate 7%
$403,286
Cap Rate 9%
$313,667
Alternative Uses
Best Use
Office B
$403.3K
$352.9K – $470.5K
NOI $28,230 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.21M
$1.94M – $2.58M
NOI $154,832 @ 7.0% cap · market cap 38.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The 2015 property includes a reception area, six offices, and separate kitchen space.
Where is this office building located?
The property is located at 828 N Main Street Springtown, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,226‑square‑foot office building built in 2015; Six offices, two bathrooms, and a lobby with built‑in reception desk; Kitchen with refrigerator and electric water heater
