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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1402 Main St Gatesville, TX 76528-1633

    • Commercial real estate
    • 1,695 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Jan 29, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9649889
    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

    • Front Porch Realty / Real Estate Agency

    Property Details for 1402 Main St

    Year built
    1945
    Lot size
    0.22 lot acres
    Property size
    1,695 SF
    Property type
    Commercial real estate
    APN
    0-96-79-0000
    APU
    96790000

    Description

    This 1,695 square foot traditional office building, situated on a 0.22-acre lot at 1402 E Main St, Gatesville, TX 76528, presents a compelling investment opportunity. Built in 1945, the property features two buildings, including a detached two-car garage with additional carport parking for a total of six vehicles. The main building boasts a spacious reception area, a dedicated conference room, three private offices, a full kitchen, and a full bathroom. The property benefits from high visibility on a heavily traveled section of Main Street, making it ideal for a variety of commercial uses. Currently configured as an office, the space is adaptable to various needs. A significant advantage is the new HVAC system installed in 2023, ensuring optimal climate control. The asking price is $155,000, and the property is offered as a single tenancy. This location offers excellent access and ample parking, making it an attractive option for businesses seeking a prominent presence in Gatesville. The property's versatility and prime location make it a strong contender for a variety of commercial ventures.

    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
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.7423
    Latitude
    31.4346
    CBSA code
    28660
    CBSA name
    KILLEEN-TEMPLE-FORT HOOD, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,023
    $48,000
    $62,000
    $110,000
    -
    $48,000
    $62,000
    $110,000

    Comparable in this City

    • Value Estimation by Request
      6.12 Acres

      State Highway 36

      Commercial real estate • 6.12 Acres
      State Highway 36, Gatesville, TX 76528
      View Details
    • Value Estimation by Request
      0.54 Acres

      205 Crk Clf Dr

      COMMERCIAL (GENERAL) • 0.54 Acres
      205 Crk Clf Dr, Gatesville, TX 76528
      View Details
    • Value Estimation by Request
      3,820 SF

      1900 Main St

      COMMERCIAL (GENERAL) • 3,820 SF
      1900 Main St, Gatesville, TX 76528-1724
      View Details
    • Value Estimation by Request
      552 SF

      1206 Main St

      COMMERCIAL (GENERAL) • 552 SF
      1206 Main St, Gatesville, TX 76528-1629
      View Details
    • Value Estimation by Request
      2,400 SF

      Saunders St

      COMMERCIAL (GENERAL) • 2,400 SF
      Saunders St, Gatesville, TX 76528
      View Details
    • Value Estimation by Request
      1,581 SF

      2601 State Hwy 36

      COMMERCIAL (GENERAL) • 1,581 SF
      2601 State Hwy 36, Gatesville, TX 76528-2703
      View Details

    Similar Nearby for Sale

    • $3,900,000
      124.00 Acres

      201 Fm 116

      Land • 124.00 Acres
      201 Fm 116, Gatesville, TX 76528
      View Details
    • $315,000
      1.03 Acres

      Gatesville Commercial Land Opportunity

      Prime 1-acre lot, high visibility, development potential.
      Lutterloh Ave, Gatesville, TX 76528
      View Details
    • $759,000
      5.82 Acres

      Prime Gatesville Commercial Land

      5.82 Acres, Hwy 36 Bypass, $759,000
      0 State Hwy 36 Byp, Gatesville, TX 76528
      View Details
    • $2,200,000
      42.76 Acres

      Gatesville Commercial Development Land

      Prime 42.76-acre tract, city utilities, FM 116 frontage.
      Tbd Fm 116, Gatesville, TX 76528
      View Details
    • $310,000
      1,020 SF

      Gatesville Commercial & Residential Combo

      Turnkey Slaughterhouse/Game Processing Business
      248 Chitwood Rd, Gatesville, TX 76528
      View Details
    • $1,075,000
      33.89 Acres

      Gatesville Commercial Land - 33 Acres

      Prime Texas Commercial Land, 3 Parcels
      3701 State Highway 36, Gatesville, TX 76528
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      850 SF

      Gatesville Retail Space - Hwy 36 Bypass

      Prime Retail Space, 850 sq ft, Gatesville, TX
      101 Highway 36 Byp, Gatesville, TX 76528
      View Details
    • Contact for pricing
      3,072 SF

      Retail Building Near Walmart

      3,072 SF retail building across from Walmart.
      2733 S State Highway 36, Gatesville, TX 76528
      View Details
    • $600 /Mo
      850 SF

      Retail Space on Main Street

      Retail space in central location near retail and municipal offices.
      101-103 Highway 36 Byp N, Gatesville, TX 76528
      View Details
    • Contact for pricing
      6,784 SF

      Retail Space Near Fort Cavazos

      Retail space with highway frontage near Fort Cavazos.
      1409 E Main St, Gatesville, TX 76528
      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.
    1402 Main St
    Gatesville, TX 76528-1633
    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.