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$1,264,800

201 W California Street, Gainesville, TX, 76240

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths19,200 Sq Ft
RetailRetail
Year BuiltBuilt in 1917

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCeramic Tile, Laminate

Exterior

Lot Size9,601 sqft

Building Information

Year Built1917

Land Information

APN3255
Lot Number1,2
SubdivisionOrginal Donation Gv
Land UseCommercial
Legal DescriptionORGINAL DONATION GV; BLOCK 3; LOT PT 1 & 2 LESS NORTH 4'; ACRES .2204
Census Tract000400
Assessed Land Value$96,000
Assessed Improvement Value$1,404,000
Assessment Year2025

About this property

LOCATION, LOCATION, LOCATION!! Truly a piece of history dating back to the early 1900s,. This Historical Downtown Building is located within an hours drive to the DFW AREA and in the HEART of Gainesville's growing business and retail district. This perfectly appointed 19,2000 sq feet building, offers PRIME office space that could used as an incubator for your business to grow OR could be shared work space for multi tenant users. The downstairs layout offers a large lobby or reception area, 2 conference rooms, 31 private offices, 2 common work space areas, storage room, 2 bathrooms, and a kitchen. Upstairs you will find a lrg flex room, 18 private offices, kitchenette, 3 bathrooms, 2 tech rooms, storage area, and large gym area with 2 locker rooms, 2 baths with shower areas, washer-dryer, built ins and more! Two stairwells, working elevator, partial basement and more! By design, this building could easily be sectioned into 3 independent businesses, all with private entrances.

Investor Tools

Property Icon
$1,264,800
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,589 /month
Positive
Cash Flow Estimate:
$2,530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,192/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,974
$1,264,800
2025
$96,000
$1,404,000
$1,500,000
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$19,974
$1,264,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simmons Bank
Commercial
$1,696,000
No
First
Jul 24, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,608,181
N/A
0%
127%
$10,169/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.

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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: Gainesville

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201 W California Street | Property Details | No Agent List