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    Multi-Building Warehouse Complex Title is generated by Realmo AI

    72 Gibbons Road, Southmayd, TX 75092

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    For Lease
    $6 SF/Yr $30,737/Mo (calc)

    COMMERCIAL - Southmayd, TX

    Property size:
    61,474 SF
    Lot size:
    10.00 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    49
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 72 Gibbons Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Open
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    123412
    Lot size
    10.00 Acres

    Taxes and HOA fees

    Tax Description
    G-0332 DOUGLAS H B & HRS A-G0332, ACRES 8.0

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Clay Gilbert

    Listing agent Clay Gilbert License #0731330

    Listing office C-21 DEAN GILBERT, REALTORS Sherman, TX

    Listing date Apr 16, 2026

    MLS# 20996281

    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

    • 61,474 SF commercial warehouse complex across 3 separate buildings
    • Ceiling heights range from 13 ft to 51 ft for warehousing, manufacturing, and vertical racking
    • Cold storage support: 2 buildings outfitted with insulation and cold‑storage infrastructure
    • Northern building built for agricultural and grow operations with specialized climate control and grower‑specific enhancements
    • Truck‑friendly layout with easy truck access and 8 loading docks
    • 3‑phase electrical setup with public water and septic tank sewer

    Overview

    Versatile commercial warehouse complex spanning three separate buildings and totaling 61,474 square feet, with the ability to divide for multiple tenant or operational needs. Ceiling heights range from 13 feet to approximately 51 feet, supporting everything from warehousing and manufacturing to vertical racking and specialized work. Two of the buildings are outfitted with insulation and infrastructure designed to support cold storage operations, while the northern building is purpose-built for agricultural and grow operations with specialized climate control and grower-specific enhancements.

    Located in Southmayd, Texas, at 72 Gibbons Road in Grayson County. The property is configured for operational efficiency, with easy truck access and eight loading docks. It also includes a 3-phase electrical setup and utility connections to help support higher-demand commercial and industrial activities.

    This is a strong fit for distributors, agricultural operators, logistics companies, and other teams that need both flexibility and functional improvements like cold-storage readiness and agricultural climate control. With varied ceiling heights and a multi-building layout that can be divided, operators can align space selection to their process requirements and throughput needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Southmayd
    County
    Grayson
    State
    Texas
    Longitude
    -96.711234
    Latitude
    33.621762

    FAQs

    What type of property is this?
    Flex space - Flexible warehouse complex with cold-storage-ready buildings, high ceilings, and easy truck access with eight loading docks.
    Where is this flex space located?
    The property is located at 72 Gibbons Road Southmayd, TX.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 61,474 SF commercial warehouse complex across 3 separate buildings; Ceiling heights range from 13 ft to 51 ft for warehousing, manufacturing, and vertical racking; Cold storage support: 2 buildings outfitted with insulation and cold‑storage infrastructure
    (903) 893-5188
    We can help!
    Listing Contact
    Clay Gilbert
    Real Estate License ID: 0731330
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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