Building Details

Year built 2023

Number of units 1

Building materials Metal

Roof type Metal

Listing Agency: Century 21 Platinum Partners · Century 21 Real Estate Show Phone

Listed By: Susan Jackson · License #0572071 Show Phone

Added: Dec 22, 2025 Changed: Sep 1 Last Checked: Sep 8 at 6:06AM

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MLS# 20258506

Copyright © 2026 Longview Area Association of Realtors. 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.

Built in 2023, this 5,400-square-foot metal flex property combines climate-controlled workspace with a separate service and storage area. The interior includes a private office, two restrooms, a full shower, oversized storage closets, and loft storage with access to the HVAC systems. A standard entry door and 1010 rollup door serve the climate-controlled portion, which is currently arranged for batting cage training and can accommodate other open-area commercial uses. A portion at the front is used by an HVAC service business, supporting the building’s office, storage, and operational versatility.

The 1,410-square-foot non-climate-controlled section has concrete floors, five 1010 rollup doors, and approximately 14-foot eaves. The property occupies 0.45 acres at the corner of E New Boston Road and Blocker Lane in Nash, Texas, with access from both roads. The layout supports a range of flex, service, storage, fabrication, repair, and distribution functions within one facility.

Key Highlights

• 5,400 square feet in a metal flex building constructed in 2023
• 3,990 square feet of climate‑controlled space plus 1,410 square feet of non‑climate‑controlled area
• Non‑climate‑controlled section includes five 1010 rollup doors and approximately 14‑foot eaves

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

7.59%

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 (±1% cap)

NOI $33,767 @ 7.0% cap · market cap 7.59%

Second Best

Industrial

$397.3K

$347.6K – $463.5K (±1% cap)

NOI $27,808 @ 7.0% cap · market cap 6.25%

Theoretical Best

Hotel Hospitality

$4.07M

$3.56M – $4.75M (±1% cap)

NOI $284,715 @ 7.0% cap · market cap 64.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Iconic Performance Center Arcade & Gaming Center

Suggested Use

Top Pick Law Firm Parking Lot & Garage Kitchen & Bath Showroom Storage Facility Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Drive-in doors

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

70

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Metal flex property combines climate-controlled workspace, storage, office amenities, and durable service-area functionality.

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 $444,900.

What are key features of this property?

This property features: 5,400 square feet in a metal flex building constructed in 2023; 3,990 square feet of climate‑controlled space plus 1,410 square feet of non‑climate‑controlled area; Non‑climate‑controlled section includes five 1010 rollup doors and approximately 14‑foot eaves