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    Downtown Eastland Mixed-Use Building Title is generated by Realmo AI

    937 E Main Street, Eastland, TX 76437

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    Claim this Listing
    For Lease
    $12 SF/Yr

    COMMERCIAL - Eastland, TX

    Type:Office
    Lot size:
    0.63 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 937 E Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    0018698
    Lot size
    0.63 Acres

    Taxes and HOA fees

    Tax Description
    J HOUSE AB 159

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    AluminumSiding, Brick
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Michael Moos
    Michael Moos

    Listing agent Michael Moos License #0757237

    Listing office Trinity Country Real Estate Weatherford, TX

    Listing date Mar 19, 2026

    MLS# 21212548

    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

    • Multiple building(s) to be leased; whole buildings (not just one unit) will be available in the coming weeks
    • Downtown Eastland commercial opportunity with strong frontage exposure for uses such as retail, storage, and office
    • Central heating and central air
    • Built in 1980
    • Concrete flooring
    • Public water and public sewer; roof is built‑up

    Overview

    This offering is a whole-building lease with multiple available office and commercial space types. While photos are provided for one unit, the intent is to lease the entire building, with availability expected in the coming weeks. The property is described as well-suited to a variety of business uses, including retail, storage, and office operations, giving tenants flexibility in how they plan and deploy space.

    The location is a downtown Eastland opportunity at 937 E Main Street. The listing emphasizes strong frontage exposure along E Main, which can be a meaningful asset for retailers and service-focused businesses seeking visibility. The building’s gross lease terms are intended to be negotiated based on square footage and each tenant’s needs.

    Given the stated range of permitted/desired uses, this property may fit businesses that need a storefront-facing presence while retaining the option to support back-of-house storage or administrative space. Operators considering office or retail can also benefit from a whole-building configuration that supports a consolidated tenant footprint. If you’re looking for a centrally located downtown building with exposure and use flexibility, this is worth reviewing as plans firm up for the upcoming availability window.
    Property Profile Location Intelligence

    Current Use by Public Records

    MERLE NORMAN COSMETICS ... Cosmetic Store Eastland/Heaven Scent Floral (Bike/Boat/Book/etc) Store Amy's Cards & Gifts (Bike/Boat/Book/etc) Store Eastland Heaven Sent ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastland
    County
    Eastland
    State
    Texas
    Longitude
    -98.8048456
    Latitude
    32.4015776

    Nearby Similar for Lease

    • $1,500/Mo

      Specialty Commercial Lease Property

      Lease a specialty commercial property on a sizable Eastland lot suitable for a variety of non-standard uses.
      400 N Seaman, Eastland, TX 76448
      View Details
    • $12 SF/Yr
      7,350 SF

      Eastland Mixed-Use Opportunity

      Downtown Eastland building suitable for retail, storage, or office.
      937 E Main Street, Eastland, TX 76437
      View Details
    • Contact for pricing

      Eastland Plaza Retail Space Available

      Retail spaces for lease in Eastland Plaza Shopping Center.
      1405 E Main St, Eastland, TX 76448
      View Details

    FAQs

    What type of property is this?
    Office units - Whole-building leasing opportunity with strong downtown frontage exposure for retail, storage, or office users.
    Where is this office units located?
    The property is located at 937 E Main Street Eastland, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Multiple building(s) to be leased; whole buildings (not just one unit) will be available in the coming weeks; Downtown Eastland commercial opportunity with strong frontage exposure for uses such as retail, storage, and office; Central heating and central air
    (817) 594-8183
    We can help!
    Listing Contact
    Michael Moos
    Michael Moos
    Real Estate License ID: 0757237
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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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