Interstate Flex Space with
For Sale
$4,500,000
3151 S Int Hwy 45 E, Corsicana, TX 75110
CommercialSale, Corsicana, TX
Property Size6,000 SF
Lot Size19.29 Acres
Price / SF$264.71
Days on Market31
Property Features for 3151 S Int Hwy 45 E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Subdivision
Corsicana
Lot features
Acreage
Directions
GPS availble: 3151 I-45 Business, Corsicana, TX 75110
Standard status
Active
APN
52139
Size
17,000 SF
Lot size
19.29 Acres
Taxes and HOA fees
Tax Description
C0000 CORSICANA BLK 1411 THRU 1413 3.762 ACRE
Tax Annual Amount
7597
Legal Description
C0000 CORSICANA BLK 1411 THRU 1413 3.762 ACRE
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Brick, MetalSiding, SteelSiding
Roof type
Metal
Listing Agency:
Keller Williams Lonestar DFW · Keller Williams Realty
(817) 795-2500
Listed By:
Laura Smith · License #0645005
(770) 503-7070
Added: Aug 5
Changed: Aug 19
Last Checked: Sep 4 at 12:06AM
MLS# 21346856
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 flex-space property combines a customer-facing showroom and reception area with multiple private offices and substantial shop space. The improvements include brick, metal siding, and steel siding construction, concrete flooring, a metal roof, central heating, central air, and ceiling fans. A parking lot and public water and sewer support the existing facility, which was built in 1986.
The site encompasses 19.288 acres with over 1300 ft of frontage along Interstate 45 in Corsicana, Texas. Its configuration includes room for inventory, equipment, manufacturing, service operations, or retail uses, as well as outdoor storage or future development. The property previously operated as a tractor dealership and offers a combination of enclosed commercial space, office areas, showroom functions, and a large land component.
The site encompasses 19.288 acres with over 1300 ft of frontage along Interstate 45 in Corsicana, Texas. Its configuration includes room for inventory, equipment, manufacturing, service operations, or retail uses, as well as outdoor storage or future development. The property previously operated as a tractor dealership and offers a combination of enclosed commercial space, office areas, showroom functions, and a large land component.
Key Highlights
- 19.288 acres with over 1300 ft of Interstate 45 frontage
- Flex‑space facility with showroom, reception area, private offices, and shop space
- Built in 1986 with brick, metal siding, and steel siding construction
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
$282,173
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
6.27%
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%
$5,643,460
$5.6M
Cap Rate 7%
$4,031,043
$4.0M
Cap Rate 9%
$3,135,256
$3.1M
Market Conditions
NOI Build-Up for 17,000 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
$424.3K $24.96/SF
− Vacancy
−$21.2K −$1.25/SF
EGI
$403.1K $23.71/SF
− OpEx
−$120.9K −$7.11/SF
NOI
$282.2K $16.60/SF
Area
Navarro County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$5,643,460
Cap Rate 7%
$4,031,043
Cap Rate 9%
$3,135,256
Alternative Uses
Best Use
Retail
$4.03M
$3.53M – $4.70M
NOI $282,173 @ 7.0% cap · market cap 6.27%
Second Best
Industrial
$1.56M
$1.36M – $1.82M
NOI $109,036 @ 7.0% cap · market cap 2.42%
Theoretical Best
Multifamily LT 5
$186.76M
$163.42M – $217.89M
NOI $13,073,394 @ 7.0% cap · market cap 290.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
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 - Versatile commercial facility with showroom, private offices, shop space, and direct Interstate 45 access.
Where is this flex space located?
The property is located at 3151 S Int Hwy 45 E Corsicana, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 19.288 acres with over 1300 ft of Interstate 45 frontage; Flex‑space facility with showroom, reception area, private offices, and shop space; Built in 1986 with brick, metal siding, and steel siding construction
