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    398 Meeks Bnd Millsap, TX 76066

    For Sale
    $2,898,000

    Warehouse - Millsap, TX

    Type:Warehouse
    Lot size:
    10.00 Acres
    Days on Market:
    118
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 398 Meeks Bnd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Standard status
    Active
    APN
    R000086173
    Lot size
    10.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    Kirkpatrick Realty, LLC (817) 597-0698

    Listing agent Krayton Kirkpatrick (817) 597-0698 License #0621854

    Listing date Aug 12, 2025

    MLS# 20842691 Listing URL

    Copyright © 2025 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.

    Overview

    Millsap Warehouse with Tenant

    This property features a 27,725 square foot warehouse building situated on 10 acres. The property is being offered for sale with a tenant in place, but can also be purchased as vacant land or as a build-to-suit opportunity. The existing tenant currently utilizes the building and 3 acres of the land. The property operates at an 8% cap rate with an escalation lease in place. It is equipped with 3-phase electricity, multiple loading docks, and an office area. The property benefits from a secluded location near the Brazos River, with convenient access to Interstate 20. There is a 3-year lease in place with a 4% escalation per year until November 2027. The current lease rate is $16,172 per month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Building Supply Wholesale Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millsap
    County
    Parker
    State
    Texas
    Longitude
    -98.03102853
    Latitude
    32.65536679

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    FAQs

    What type of property is this?
    Warehouse - 27,725 SF warehouse on 10 acres with tenant.
    Where is this warehouse located?
    The property is located at 398 Meeks Bnd Millsap, TX.
    What is the asking price?
    The asking price for this property is $2,898,000.
    What are key features of this property?
    This property features: - Existing tenant with an 8% Cap Rate and escalating lease provides immediate income.; - Large 27,725 Sq. Ft. warehouse on 10 acres offers significant space and potential.; - Convenient access to Interstate 20 facilitates transportation and logistics.
    (817) 597-0698
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    398 Meeks Bnd Millsap, TX 76066
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