Flexible Metal Flex
For Sale
$449,500
1013 E New Boston Road, Nash, TX 75569
CommercialSale, Nash, TX
Property Size5,400 SF
Lot Size0.45 Acres
Price / SF$83.24
Days on Market259
Property Features for 1013 E New Boston Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Garage, Parking Lot
Subdivision
Nash Heights Acres
Directions
From Kings Hwy, L on New Boston Rd property on the L at the corner of New Boston Rd and Blocker Rd
Standard status
Active
APN
16820004100
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
NASH HEIGHTS ACRES NW 1/2 LOT 6, S 514' LOT 7
Tax Annual Amount
5034
Legal Description
NASH HEIGHTS ACRES NW 1/2 LOT 6, S 514' LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2023
Floors in Building
2
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Century 21 Platinum Partners
(903) 665-6252
Listed By:
Susan Jackson · License #0572071
(903) 796-1026
Added: Dec 23, 2025
Changed: Sep 6
Last Checked: Sep 8 at 7:06AM
MLS# 21137089
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2023 metal flex property contains approximately 5,400 square feet on 0.45 acres, with 3,990 square feet of climate-controlled space and 1,410 square feet of non-climate-controlled area. The interior includes an open recreational or work area, private office, two restrooms, a full shower, oversized storage closets, and loft storage with access to the HVAC systems. A standard entry door and 10 by 10 roll-up door serve the climate-controlled section, while the additional area provides five 10 by 10 roll-up doors, concrete flooring, and approximately 14-foot eaves.
The property occupies a corner lot with access from New Boston Road and Blocker Lane in Nash. Existing features include central air, central heating, ceiling fans, a metal roof, public sewer, a garage, and a parking lot. The building’s combination of conditioned and durable utility space supports office, storage, service, recreational, fabrication, repair, and distribution functions within one facility.
The property occupies a corner lot with access from New Boston Road and Blocker Lane in Nash. Existing features include central air, central heating, ceiling fans, a metal roof, public sewer, a garage, and a parking lot. The building’s combination of conditioned and durable utility space supports office, storage, service, recreational, fabrication, repair, and distribution functions within one facility.
Key Highlights
- Approximately 5,400 SF building on 0.45 acres
- 3,990 SF climate‑controlled area plus 1,410 SF non‑climate‑controlled space
- Five 10 by 10 roll‑up doors in the non‑climate‑controlled section
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,340
$675.3K
Cap Rate 7%
$482,386
$482.4K
Cap Rate 9%
$375,189
$375.2K
Market Conditions
NOI Build-Up for 5,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.4K $8.04/SF
− Vacancy
−$3.7K −$0.68/SF
EGI
$39.7K $7.36/SF
− OpEx
−$6.0K −$1.10/SF
NOI
$33.8K $6.25/SF
Area
Bowie County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,340
Cap Rate 7%
$482,386
Cap Rate 9%
$375,189
Alternative Uses
Best Use
Warehouse
$482.4K
$422.1K – $562.8K
NOI $33,767 @ 7.0% cap · market cap 7.51%
Second Best
Industrial
$397.3K
$347.6K – $463.5K
NOI $27,808 @ 7.0% cap · market cap 6.19%
Theoretical Best
Hotel Hospitality
$4.07M
$3.56M – $4.75M
NOI $284,715 @ 7.0% cap · market cap 63.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75569, TX
3,338
Population
1,449
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
92%
High-School Grad
2.3 sq mi
ZIP Area
1,451
Density / Sq Mi
$38,750
Median Household Income
$41,719
Median Earnings
$926
Median Rent
$148,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial building combining climate-controlled workspace, secure storage, office amenities, and multiple roll-up doors.
Where is this flex space located?
The property is located at 1013 E New Boston Road Nash, TX.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: Approximately 5,400 SF building on 0.45 acres; 3,990 SF climate‑controlled area plus 1,410 SF non‑climate‑controlled space; Five 10 by 10 roll‑up doors in the non‑climate‑controlled section
