Building Details

Year built 2026

Floors in Building 2

Number of units 1

Flooring type Concrete

Building materials MetalSiding

Roof type Metal

Listing Agency: Kelly Harris Company,LLC Show Phone

Listed By: Kelly Harris · License #0332614 Show Phone

Added: Aug 17 Changed: Aug 21 Last Checked: Oct 9 at 11:06AM

Report an Issue

MLS# 21236985

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 under-construction warehouse property includes a 10,000-square-foot metal-sided building on a 15-acre tract. The structure measures 80 by 125 feet, with 20-foot sidewalls, a 26.8-foot peak, three 16-by-16-foot overhead doors, six walk-through doors, a double glass entry door, and front-facing windows. A six-foot cantilevered awning extends along the building frontage. The concrete slab is six inches deep and rated at 3,500 psi, with reinforced perimeter and cross beams.

The property fronts 713 feet on E. State Highway 31 and 731 feet on County Road 2190, with 1,144 feet of depth along the west boundary. It is located in Navarro County and is unzoned. A six-inch Chatfiled water line with meter serves the frontage, while the property uses an LPD septic system. Electrical service includes single-phase 600-amp, 120:240-volt power, and crushed-concrete parking areas extend along the west and south sides of the building.

Key Highlights

• 10,000 SF warehouse on 15 acres, with 80‑by‑125‑foot building dimensions
• 713 feet of frontage on SH 31 and 731 feet on County Road 2190
• Three 16‑by‑16‑foot overhead doors; 20‑foot sidewalls and 26.8‑foot peak

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,941

Cap Rate

5.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,538,820 $1.5M

Cap Rate 7%

$1,099,157 $1.1M

Cap Rate 9%

$854,900 $854.9K

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$100.8K $10.08/SF

− Vacancy

−$10.3K −$1.03/SF

EGI

$90.5K $9.05/SF

− OpEx

−$13.6K −$1.36/SF

NOI

$76.9K $7.69/SF

Area

Navarro County, TX

Vacancy

10.20%

Lease Rate

$10.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,538,820

Cap Rate 7%

$1,099,157

Cap Rate 9%

$854,900

Alternative Uses

Best Use

Warehouse

$1.10M

$961.8K – $1.28M (±1% cap)

NOI $76,941 @ 7.0% cap · market cap 5.13%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$109.86M

$96.13M – $128.17M (±1% cap)

NOI $7,690,232 @ 7.0% cap · market cap 512.68%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Gym & Fitness Center

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

20 ft

Clear height

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75144, TX

3,462

Population

1,655

Households

2.1

Avg Household Size

47

Median Age

21%

College-Educated

89%

High-School Grad

173.7 sq mi

ZIP Area

20

Density / Sq Mi

$62,528

Median Household Income

$33,354

Median Earnings

$847

Median Rent

$156,400

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 warehouses located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Brick Flex Space with Roll-Up Door

120 3rd St, Kerens, TX 75144

Contact for pricing

4,827 SF

View details

Ranch Property with Covered Patio

1397 State Highway 309, Kerens, TX 75144

$339,000

12.00 Acres

View details

23.79 Acres South of Kerens

CR 4070, Kerens, TX 75144

$321,645

23.79 Acres

View details

RV Lot on Richland Chambers

6148 Peninsula Rd, Kerens, TX 75144

$39,000

0.10 Acres

View details

Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse improvements and a large unzoned tract offer flexible commercial land and building functionality.

Where is this warehouse located?

The property is located at 11125 E State Highway 31 Kerens, TX.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 10,000 SF warehouse on 15 acres, with 80‑by‑125‑foot building dimensions; 713 feet of frontage on SH 31 and 731 feet on County Road 2190; Three 16‑by‑16‑foot overhead doors; 20‑foot sidewalls and 26.8‑foot peak