1503 N Center St
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1503 N Center St
1,658 SF Office Building Bonham, TX 75418 $721,965 CAD ($435 CAD/SF) 6.50% Cap Rate
Executive Summary
Fully Leased commercial Building. Leased to State of Texas- Texas Family Initiative for monthly rent of $3600 unit nov 30 -2028 with every year $100 increase in rent . Cap Rate of 6.5. Utilities and maintenance on actuals paid directly by tenant. Repairs to be paid by tenant unless structural. Rent clause image from lease agreement. Owner Pays Annual Taxes of $6100 -Year & Insurance -$2600 per Year Fully Reconstructed in 2023 -Independent freestanding building: New HVAC Systems & duct work 2023 – 10-Year warranty; New Commercial Electrical wiring systems-2023 New Plumbing and ADA restrooms-2023;New Foam insulation-2023;New doors, trims and windows-2023 New Flooring, Painting, door knobs and other finish items-2023;New concrete, sidewalks, parking per approved site plan; New Landscaping
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,658 SF
Building Class
B
Year Built
1950
Price
$721,965 CAD
Price Per SF
$435 CAD
Cap Rate
6.50%
NOI
$46,928 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,658 SF
Building FAR
0.10
Lot Size
0.37 AC
Zoning
Commercial - Business use
Amenities
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 71404 | Improvements Assessment | $234,525 CAD |
| Land Assessment | $104,183 CAD | Total Assessment | $338,708 CAD |
PROPERTY TAXES
Parcel Number
71404
Land Assessment
$104,183 CAD
Improvements Assessment
$234,525 CAD
Total Assessment
$338,708 CAD
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1503 N Center St
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