Back to Search

Two-Building Warehouse with Offices

659 Martin Duke Road Van Alstyne, TX 75495

New

659 Martin Duke Road, Van Alstyne, TX, 75495

$3,200,000

For Sale

$3,200,000

COMMERCIAL - Van Alstyne, TX

Property Size11,025 SF

Lot Size5.72 Acres

Price / SF$290.25

AddedJul 13

Days on Market2

Last RefreshJul 14 at 9:06 pm

Property Features for 659 Martin Duke Road

General Information

Property type: Commercial Sale
Property subtype: Other
Parking features: Oversize
Standard status: Active
APN: 435667
Lot size: 5.72 Acres

Taxes and HOA fees

Tax Description: JACKSON COLEMAN INDUSTRIAL SUBD REPLAT LT 2R
Tax Annual Amount: 36394

Utilities

Sewer type: Public Sewer
Heating system: Central, Electric (Heating)
Cooling system: Electric, Central Air, Ceiling Fan(s)
Water source: Public

Building Details

Year built: 2004
Floors in Building: 1
Number of units: 2
Flooring type: Concrete, Vinyl
Building materials: MetalSiding
Roof type: Metal

Listing agent Sara Jerome License #0630971

Listing office Vincent Realty Group Tom Bean, TX

Listing date Jul 13, 2026

MLS# 21008194

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 for-sale industrial property includes two buildings on 5.717 acres, totaling 11,025 sq ft. The main building offers 9,625 sq ft and features approximately 2,800 sq ft of central HVAC offices, a shop manager office, 7 bays with roll-up doors, and four bathrooms with two located in the office area and two in the shop area. A second 1,400 sq ft warehouse is also on site and has been used for overstock and storage only.

The owner indicates the larger shop could be leased along with approximately 2 acres, and that the property may also be considered for division. Availability is noted for Jan 15, 2026.

Buyer should verify all details, including dimensions and any intended split or lease terms, prior to closing.

Key Highlights

11,025 SF total facilities on 5.717 acres in Grayson County, TX
Main building offers 9,625 SF with approx. 2,800 SF central HVAC office space
Second building includes a 1,400 SF warehouse; previously used for overstock and storage

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$338.7k	$30.72
− Vacancy	−$92.8k	−$8.42
EGI	$245.9k	$22.30
− OpEx	−$61.5k	−$5.58
NOI	$184.4k	$16.73

11,025 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.63M

$2.31M – $3.07M (±1% cap)

NOI $184,416 @ 7.0% cap · market cap 5.76%

Second Best

Warehouse

$996.3K

$871.8K – $1.16M (±1% cap)

NOI $69,740 @ 7.0% cap · market cap 2.18%

Theoretical Best

Hotel Hospitality

$5.66M

$4.95M – $6.60M (±1% cap)

NOI $395,908 @ 7.0% cap · market cap 12.37%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cop Stuff (Bike/Boat/Book/etc) Store Priority Public Safety (Bike/Boat/Book/etc) Store

Suggested Use

Similar For Sale Nearby

$725,000

2,597 SF

Structural Steel Retail Building

New construction structural steel building with a vintage Texaco Station structure attached, offering frontage and interior finish-out readiness.

306 S Waco Street, Van Alstyne, TX 75495

View Details
$480,000

Duplex with Two Private Backyards

Well-maintained duplex offering two residential units, each with a private fenced backyard and attached garage.

1185 Greywood Drive, Van Alstyne, TX 75495

View Details
$1,599,900

Event Venue and Income Property

Multiple event and stay components on unrestricted acreage, including a main home, barndo event venue, and a month-to-month leased pool house.

12900 Fm 121, Van Alstyne, TX 75495

View Details
$999,900

3,624 SF

8.4 Acre Property with Private Lake

Custom home on acreage with lake, garages, and RV hookups.

364 Parker Road, Unit A, Van Alstyne, TX 75495

View Details
$725,000

2,597 SF

New Construction Retail/Office Building

New construction building suitable for retail, restaurant, or office use.

306 S Waco Street, Van Alstyne, TX 75495

View Details

Similar Off Market Nearby

Elite Self Storage #2 — 449 FM3133, Van Alstyne, TX 75495

For sale
Warehouses
TX
Van Alstyne
75495
659 Martin Duke Road

What type of property is this?

Warehouse - Two buildings totaling 11,025 sq ft with office space, roll-up bays, and 5.717 acres for sale.

Where is this warehouse located?

The property is located at 659 Martin Duke Road Van Alstyne, TX.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: 11,025 SF total facilities on 5.717 acres in Grayson County, TX; Main building offers 9,625 SF with approx. 2,800 SF central HVAC office space; Second building includes a 1,400 SF warehouse; previously used for overstock and storage