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    Multi-Use Commercial Flex Space Title is generated by Realmo AI

    82805 N STATE HWY 289, Pottsboro, TX 75076

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    For Lease
    $1,995/Mo $7 SF/Yr (calc)

    COMMERCIAL - Pottsboro, TX

    Property size:
    3,096 SF
    Lot size:
    1.40 Acres
    Added:
    Apr 12, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for 82805 N STATE HWY 289

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    437063
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Description
    G-1476 CLEMENTS JAMES A-G1476

    Utilities

    Sewer type
    Aerobic Septic
    Cooling system
    Electric
    Water source
    Well

    Building Details

    Year built
    1989
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Prasanthi Morusupalli

    Listing agent Prasanthi Morusupalli License #0712705

    Listing office Powerstar Realty Keller, TX

    Listing date Apr 12, 2026

    MLS# 21203225

    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

    • 3,096 sqft versatile multi‑use commercial space on N Hwy 289 in Pottsboro, TX
    • Open shop layout suited for auto repair, contractor shop, warehouse, storage, or small business operations
    • Includes restroom and loft area for office setup, inventory storage, parts organization, or administrative use
    • Metal roof and metal siding with concrete flooring
    • Cooling provided by electric system
    • Utilities include well water and aerobic septic

    Overview

    Versatile multi-use commercial space totaling 3,096 square feet, designed for practical day-to-day operations. The interior features an open shop layout with a restroom, along with a loft area that can support an office setup, inventory storage, parts organization, or other administrative use. This configuration makes the space well-suited to a range of business and industrial activities where flexible floor plan capacity is important.

    Situated on N Hwy 289 in Pottsboro, the property offers convenient regional access to Sherman, Denison, and the surrounding Texoma area. Its placement along the highway supports strong visibility for businesses that benefit from drive-by exposure and straightforward customer or vendor access.

    The property’s mix of open work area and elevated loft space supports multiple tenant types, including auto repair, contractor shop use, warehouse operations, storage-focused businesses, and smaller commercial enterprises. For operators looking for a straightforward, adaptable workspace with on-site utility for employees and organized workflow space for parts or inventory, this location presents a practical option in the Texoma region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Auto Repair Shop Skin Care Clinic Hotel & Motel Bar & Pub Furniture & Home Goods Car Rental Facility Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pottsboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.678939
    Latitude
    33.828901

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    FAQs

    What type of property is this?
    Flex space - Open shop layout with restroom and loft provides flexible space for auto repair, contractor operations, or storage needs.
    Where is this flex space located?
    The property is located at 82805 N STATE HWY 289 Pottsboro, TX.
    What is the lease rate?
    The lease rate is $1,995 /Mo.
    What are key features of this property?
    This property features: 3,096 sqft versatile multi‑use commercial space on N Hwy 289 in Pottsboro, TX; Open shop layout suited for auto repair, contractor shop, warehouse, storage, or small business operations; Includes restroom and loft area for office setup, inventory storage, parts organization, or administrative use
    (800) 952-8988
    We can help!
    Listing Contact
    Prasanthi Morusupalli
    Real Estate License ID: 0712705
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    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
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    82805 N STATE HWY 289, Pottsboro, TX 75076
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