Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    115 E Main St Gunter, TX 75058

    • Commercial real estate
    • 7.26 lot acres
    For Sale
    View listing
    $785,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4156433
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 115 E Main St

    Lot size
    7.26 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.26-acre property in Gunter, Texas, presents a compelling investment opportunity. Located on Main Street (FM 121), just east of Preston Road, this land boasts high visibility and convenient access. The property includes a roughly 2400-square-foot house requiring updates, suitable for rental or office use, and a smaller storage building. The land extends beyond a creek to the south. Current zoning is primarily Single Family with a Thoroughfare District at the front, offering potential for commercial or multifamily development. City water and sewer services are available. The property's strategic location near the future Dallas North Tollway extension, and its proximity to rapidly growing cities like Prosper and Celina, makes it highly attractive. Nearby amenities include a planned Universal Theme Park in Frisco (20 minutes away) and major retailers like HEB, Costco, and Lowe's in Celina (10 minutes away). The asking price is $950,000, reflecting a price per acre of $144,628. The current tax appraisal shows $7009 in unexempt taxes. The owner may consider selling the house separately, contingent upon the sale of the land. This property is part of Gunter's Downtown Master Plan, offering significant upside potential for investors and developers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gunter
    County
    Grayson
    State
    Texas
    Longitude
    -96.7407828
    Latitude
    33.4448557

    Comparable in this City

    • $495,000

      Gunter Investment Opportunity with Development Potential

      Four rental units with additional land for future development.
      213-215 W Cedar St, Gunter, TX 75058
      View Details
    • $1,799,995
      13.75 Acres

      Gunter Ranch: 13.75 Acres

      Prime Texas Ranch, Ag Exempt, Development Potential
      1483 Block Rd, Gunter, TX 75058
      View Details
    • Contact for pricing
      2.00 Acres

      Gunter, TX Mixed-Use Land

      45 Acres, DNT Frontage, Mixed-Use
      0 Dallas Pkwy, Gunter, TX 75058
      View Details
    • $1,575,000
      12.88 Acres

      Gunter, TX Acreage - 12.88 Acres

      Prime Gunter land, secluded, fully fenced.
      261 Vickie Ln, Gunter, TX 75058
      View Details
    • $1,150,000
      11.00 Acres

      Gunter, TX: 11-Acre Estate

      Prime Commercial/Residential Land
      688 Harris Rd, Gunter, TX 75058
      View Details
    • $480,000
      2,554 SF

      Gunter Duplex: Investment Opportunity

      2021 duplex near downtown Gunter, ideal for investment.
      516-518 Wood Dr, Gunter, TX 75058
      View Details

    Similar Nearby for Sale

    • $495,000

      Gunter Investment Opportunity with Development Potential

      Four rental units with additional land for future development.
      213-215 W Cedar St, Gunter, TX 75058
      View Details
    • $1,575,000
      12.88 Acres

      Gunter, TX Acreage - 12.88 Acres

      Prime Gunter land, secluded, fully fenced.
      261 Vickie Ln, Gunter, TX 75058
      View Details
    • Contact for pricing
      2.00 Acres

      Gunter, TX Mixed-Use Land

      45 Acres, DNT Frontage, Mixed-Use
      0 Dallas Pkwy, Gunter, TX 75058
      View Details
    • $1,799,995
      13.75 Acres

      Gunter Ranch: 13.75 Acres

      Prime Texas Ranch, Ag Exempt, Development Potential
      1483 Block Rd, Gunter, TX 75058
      View Details
    • $1,150,000
      11.00 Acres

      Gunter, TX: 11-Acre Estate

      Prime Commercial/Residential Land
      688 Harris Rd, Gunter, TX 75058
      View Details
    • $499,900
      0.27 Acres

      Gunter Duplex: Investment Opportunity

      Full duplex in Gunter, TX with immediate income potential.
      614 N 6Th St, Gunter, TX 75058
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,537 SF

      Gunter Retail Center: Prime Space

      New retail building, medical, restaurant space available.
      615 Preston Rd, Gunter, TX 75058
      View Details
    • $3,000 /Mo

      Climate Controlled Warehouse in Gunter

      Foam insulated, climate controlled warehouse space for lease.
      418 W Main 1, Gunter, TX 75058
      View Details
    • $3,200 /Mo
      3,109 SF

      Gunter Ranch with Hill Top View

      Unique custom-built home on 11.641 acres with radiant heat.
      20967 Fm 121, Gunter, TX 75058
      View Details
    • $4,500 /Mo

      Office Warehouse in Downtown Gunter

      Newer construction office warehouse with retail visibility, available January 2026.
      400 Main St, Gunter, TX 75058
      View Details
    • $1,000 /Mo

      Downtown Gunter Office Space

      Office space in downtown Gunter with private offices and parking.
      418 W Main St, Gunter, TX 75058
      View Details
    • Contact for pricing

      Retail, Medical, Restaurant Space Available

      New construction retail, medical, or restaurant space for lease.
      615 N 8Th St, Gunter, TX 75058
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    115 E Main St
    Gunter, TX 75058
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.