402 Legendary Lane Gun Barrel City, TX 75156
COMMERCIAL - Gun Barrel City, TX
Property Features for 402 Legendary Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 04820140000053
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- ACRES: 1.000 AB 482 G MARTINEZ SUR TR 14
- Tax Annual Amount
- 898
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Linoleum, Carpet
- Building materials
- Block
- Roof type
- Composition
Listing agent Adra Ricks License #0478330 (972) 962-2110
Listing office Elsie Halbert Real Estate, LLC Kaufman, TX (972) 962-2110
Listing date Mar 24, 2026
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.
Located at 402 Legendary Lane in Gun Barrel City, Texas, the property offers plenty of space for parking, which can support customer visits, staff needs, and inventory management. The overall site configuration is geared toward practicality, with both the primary building and the storage structure set on the same acre lot.
With its combination of open room capacity, multiple private office areas, and upgraded electrical service, this is a strong fit for an owner-operator seeking flexibility or an investor looking for a property with multiple potential uses. The straightforward restroom and kitchen setup, along with the separate storage building, can support both administrative functions and operational storage in one location.
Key Highlights
- Commercial property with 4,860 SF building on 1 acre lot
- Block construction with composition roof
- Roof is approximately 7 years old and electrical panel was upgraded in 2022
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $8.16 |
| − Vacancy | −$3.6k | −$0.74 |
| EGI | $36.0k | $7.42 |
| − OpEx | −$10.8k | −$2.23 |
| NOI | $25.2k | $5.19 |
