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Days1735Days on Market
Views19view

$275,000

1802 N Center Street, Bonham, TX, 75418

On MarketInfo
CommercialInfo
Baths1,278 Sq Ft
OfficeOffice
price_per_sqft$215.18 / sqft
Year BuiltBuilt in 1973

Highlights

Interior

FlooringCarpet, Ceramic Tile

Exterior

Lot Size7,501 sqft

Building Information

Year Built1995

Land Information

APN91937
Lot Number32
Land UseCommercial
Legal DescriptionHUNTER ADDN, BLOCK 2, LOT 32, ACRES .1722
Census Tract950402
Assessed Land Value$47,780
Assessed Improvement Value$137,060
Assessment Year2025

About this property

Well established, office building with additional lot for parking area offered for sale OR LEASE. Property set to be vacant by early October 2024 This has been an insurance office for years and now up for sale to make way for your new ventures in fast growing Bonham, TX. Easy access, 3 private offices plus a fourth reception office, 2 baths, one handicap access, front and side entrances with huge lot that encompasses the hard corner for additional parking, addition to the existing building or build another. Just a few blocks to downtown Bonham square, within a mile of US Hwy 82, within 30 minutes of Sherman, Paris, Van Alstyne, McKinney. Minutes to retail, dining and medical services. WOULD CONSIDER A LEASE AT $1650 PER MONTH, $1000 DEPOSIT UPON APPROVED CREDIT, COULD NEGOTIATE OFFICE FURNISHINGS FOR LEASE OR PURCHASE, TENANT TO PAY ALL UTILITIES. Phone system to stay with property. buyer to verify all. Don't miss out on this established office space in Bonham!

Investor Tools

$6,184Estimated Mortgage Balance
$178,656Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

Interested in this property?

Sara Jerome

Vincent Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$376/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,586
$184,840
2025
$47,780
$137,060
$184,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,586
$184,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fannin Bank
Open End Mortgage / Open End With Future Advance Clause
$12,000
No
First
Jul 26, 2007
Jul 2012

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,184
$178,656
96%
3%
$72/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Bonham

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1802 N Center Street | Property Details | No Agent List