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

    318 Main St Bonham, TX 75418

    • Commercial real estate
    • 2,500 SF
    • 0.06 lot acres
    For Sale
    View listing
    $415,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1416788
    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

    • Luna Azul Mexican Cafe / Restaurant

    Property Details for 318 Main St

    Lot size
    0.06 lot acres
    Property size
    2,500 SF
    Property type
    Commercial real estate
    APN
    93706
    APU
    93706

    Description

    This exceptional commercial property, located at 318 N Main Street in the thriving downtown Bonham, Texas, presents a unique investment opportunity. The building boasts a substantial 5,000 square feet of space, thoughtfully divided into two 2,500 square foot levels. Currently configured and operating as a restaurant, only the ground floor is utilized, leaving the entire second floor available for immediate development or lease. This presents a significant advantage for expanding existing operations or creating entirely new revenue streams. The 0.06-acre lot provides ample space for outdoor seating, parking, or future expansion projects. Situated on Main Street, this property benefits from high visibility and foot traffic, making it ideal for a variety of commercial uses. The building's strong structure and central location within a rapidly growing downtown area ensure a solid foundation for future success. The asking price of $415,000 represents a compelling value for this versatile property with immense potential for growth and return on investment. Don't miss this chance to acquire a prime commercial space in a dynamic and up-and-coming Texas town. The possibilities are truly extensive, making this an exceptional opportunity for savvy investors and entrepreneurs alike.

    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
    Bonham
    County
    Fannin
    State
    Texas
    Longitude
    -96.179
    Latitude
    33.5767
    CBSA code
    14300
    CBSA name
    BONHAM, TX MICROPOLITAN 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
    2018
    $4,164
    $23,000
    $326,340
    $349,340
    -
    $23,000
    $326,340
    $349,340

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      201 Russell Ave

      COMMERCIAL (GENERAL) • 0.43 Acres
      201 Russell Ave, Bonham, TX 75418-2641
      View Details
    • Value Estimation by Request
      0.08 Acres

      Sam Rayburn

      COMMERCIAL (GENERAL) • 0.08 Acres
      Sam Rayburn, Bonham, TX 75418
      View Details
    • Value Estimation by Request
      0.18 Acres

      2305 Ctr St

      COMMERCIAL (GENERAL) • 0.18 Acres
      2305 Ctr St, Bonham, TX 75418
      View Details
    • Value Estimation by Request
      344 SF

      Hwy 121

      COMMERCIAL (GENERAL) • 344 SF
      Hwy 121, Bonham, TX 75418
      View Details
    • Value Estimation
      $3,760,000
      44,879 SF

      1101 Gk Reddy Ave

      COMMERCIAL (GENERAL) • 44,879 SF
      1101 Gk Reddy Ave, Bonham, TX 75418-4710
      View Details
    • Value Estimation
      $1,180,000
      30,000 SF

      Hwy 56

      COMMERCIAL (GENERAL) • 30,000 SF
      Hwy 56, Bonham, TX 75418
      View Details

    Similar Nearby for Sale

    • $1,395,000
      12.36 Acres

      Prime Bonham Retail Land Investment

      12 Acres, Former Dealership, Lake Proximity
      1522 Sam Rayburn Dr, Bonham, TX 75418
      View Details
    • $1,995,000
      57.90 Acres

      Highway 82 Commercial Land

      58 Acres, Prime Location, Development Ready
      0 Us Highway 82, Bonham, TX 75418
      View Details
    • $1,690,000
      572,378 SF

      Hwy 82 Bonham Development Land

      Prime 13-acre commercial tract, high traffic.
      00 Us Highway 82, Bonham, TX 75418
      View Details
    • $415,000
      5,000 SF

      Downtown Bonham Commercial Building

      Prime Main Street Location, High Potential
      318 Main St, Bonham, TX 75418
      View Details
    • $225,000
      0.21 Acres

      Downtown Bonham Commercial Lot

      Prime .21-Acre Industrial Site
      201 Main St, Bonham, TX 75418
      View Details
    • $1,395,000
      12.36 Acres

      Prime Bonham Commercial Land

      12.36 Acres, Hwy 121 & 56
      0 12.36 Acres Hwy 121 & Hwy 56, Bonham, TX 75418
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,388 SF

      1400 N Center St

      Neighborhood centers • 5,388 SF
      1400 Center St, Bonham, TX 75418
      View Details
    • $4,800 /Mo

      Highway 121 Flex Warehouse Space

      Newly constructed flex warehouse space with utilities included and customizable options.
      9020 1St St, Bonham, TX 75418
      View Details
    • $4,800 /Mo
      7,000 SF

      Highway 121 Flex Warehouse Space

      Newly constructed flex warehouse space on Highway 121 in Trenton.
      9020 S State Highway 121, Trenton, TX 75418
      View Details
    • $2,800 /Mo
      7,000 SF

      New Flex Warehouse on Highway

      Newly constructed flex warehouse space with utilities included on Highway 121.
      9020 S State Highway 121, Trenton, TX 75418
      View Details
    • $4,000 /Mo
      7,000 SF

      Highway 121 Flex Warehouse Space

      Newly constructed flex warehouse space with utilities included on Highway 121.
      9020 S State Highway 121, Trenton, TX 75418
      View Details
    • $1,400 /Mo
      7,000 SF

      New Flex Warehouse on Highway

      Newly constructed flex warehouse space with utilities included on Highway 121.
      9020 S State Highway 121, Trenton, TX 75418
      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.
    318 Main St
    Bonham, TX 75418
    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.