Versatile Commercial Property on 3+
15377 N State Highway 34, Terrell, TX 75161
Business - Terrell, TX
Type:Business
Property size:
6,800 SFLot size:
3.33 AcresPrice / SF:
$264/SF- Added:
- Apr 23, 2026
- Days on Market:
- 24
- Last Refresh:
- May 16 at 4:06 pm
Property Features for 15377 N State Highway 34
General Information
- Property type
- Commercial Sale
- Property subtype
- Business
- Parking features
- Carport, Covered, Driveway, Parking Lot, Paved or Surfaced
- Standard status
- Active
- APN
- 71705
- Size
- 6,800 SF
- Lot size
- 3.33 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2018
- Flooring type
- Concrete
- Building materials
- Metal Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Andy Villarreal License #0836718 (972) 212-5206
Listing office Bradford Elite Real Estate LLC 1215 Arista Dr 102, Rockwall, TX (972) 212-5206
Listing date Apr 23, 2026
MLS# 21178860
Listing URL
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.
HighLights
- Highway frontage on Texas State Highway 34, offering high visibility and accessibility.
- Two buildings: 1,800 sq ft front building with office, garage bay, storage, bathroom, and covered parking; and a 5,000 sq ft insulated building with bathroom and shower.
- 3+ acre lot with asphalt parking, a large crushed‑concrete area, and a pond.
- Secured with tall iron fencing on the front and sides.
- Convenient location: 2 miles north of Terrell off U.S. Route 80 and minutes from Greenville.
- Versatile property suitable for a trucking company, auto sales, automotive shop, tire shop, or other business.
Overview
This commercial property is situated on over 3 acres and offers potential for various uses. The front building, constructed in 2019, provides 1,800 square feet of usable space, including a garage bay, covered parking across the front, a large office area, a storage room, and a bathroom. An additional 5,000-square-foot insulated building, also built in 2019, includes an additional bathroom and shower. The property features asphalt parking surrounding the building, a large crushed-concrete area suitable for truck or vehicle parking, and tall iron fencing securing the front and sides. Located with frontage on Texas State Highway 34, the property is approximately 2 miles north of Terrell off U.S. Route 80 and minutes from Greenville. The location is suitable for a small trucking company, auto sales lot, automotive shop, or tire shop.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.26M
NOI $113,463 @ 9.00% cap · cautious / downside scenario
Moderate
$1.62M
NOI $113,463 @ 7.00% cap · market / base-case scenario
Aggressive
$2.27M
NOI $113,463 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.7k | $24.96 |
| − Vacancy | −$7.6k | −$1.12 |
| EGI | $162.1k | $23.84 |
| − OpEx | −$48.6k | −$7.15 |
| NOI | $113.5k | $16.69 |
6,800 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,463 @ 7.0% cap · market cap 6.30%
Second Best
Industrial
$625.1K
$547.0K – $729.3K
NOI $43,759 @ 7.0% cap · market cap 2.43%
Theoretical Best
Multifamily LT 5
$85.58M
$74.88M – $99.84M
NOI $5,990,674 @ 7.0% cap · market cap 332.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Auto shops
Location Insight
- Map
- Local Demand
- City
- Terrell
- County
- Kaufman
- State
- Texas
- Longitude
- -96.252392
- Latitude
- 32.769689
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Commercial property with highway frontage, ideal for various business opportunities.
Where is this automotive property located?
The property is located at 15377 N State Highway 34 Terrell, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Highway frontage on Texas State Highway 34, offering high visibility and accessibility.; Two buildings: **1,800 sq ft front building** with office, garage bay, storage, bathroom, and covered parking; and a **5,000 sq ft insulated building** with bathroom and shower.; 3+ acre lot with asphalt parking, a large crushed‑concrete area, and a pond.
