Flex Space With Covered Work
For Sale
$400,000
10015 Fm 751, Quinlan, TX 75474
CommercialSale, Quinlan, TX
Property Size3,250 SF
Lot Size0.94 Acres
Price / SF$123.08
Days on Market11
Property Features for 10015 Fm 751
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Outside City Limits
Parking features
Covered
Lot features
Interior Lot, Level, Few Trees
Directions
From I-30, take the TX-34 South exit and continue south to TX-276. Turn left and travel east on TX-276, then turn right onto FM 751. Continue south on FM 751. The property will be located on the north side of FM 751.
Standard status
Active
APN
106937
Size
3,250 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Description
A0822 PRICE REASE, TRACT EEEE-3, ACRES .936
Tax Annual Amount
3437
Legal Description
A0822 PRICE REASE, TRACT EEEE-3, ACRES .936
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Ceiling Fan(s), Central Air
Building Details
Year built
2015
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
RE/MAX Landmark Rose · RE/MAX International
(903) 567-3100
Listed By:
Delanee Clark · License #0710720
(972) 524-2525
Added: Aug 11
Changed: Aug 19
Last Checked: Aug 21 at 4:06AM
MLS# 21349519
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 3,250-square-foot flex property, built in 2015, combines a metal workshop with office and service areas. The building includes concrete floors, overhead lighting, tall ceilings, built-in shelving, multiple overhead doors, workstations, cabinetry, ceiling fans, a restroom, and utility connections. Portions of the interior remain available for final finish-out. Covered exterior bays, additional covered storage, and a concrete apron extend the usable work and storage area.
The property sits on 0.936 acres along FM 751 in Quinlan, near Lake Tawakoni. Direct paved-road access supports day-to-day movement of vehicles, equipment, materials, and inventory. Central heating, central air, electric service, ceiling fans, a metal roof, and septic service are also in place.
The property sits on 0.936 acres along FM 751 in Quinlan, near Lake Tawakoni. Direct paved-road access supports day-to-day movement of vehicles, equipment, materials, and inventory. Central heating, central air, electric service, ceiling fans, a metal roof, and septic service are also in place.
Key Highlights
- 3,250 square feet on 0.936 acres
- Built in 2015 with metal construction and a metal roof
- Workshop includes multiple overhead doors, tall ceilings, concrete floors, and built‑in shelving
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
$23,829
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
5.96%
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%
$476,580
$476.6K
Cap Rate 7%
$340,414
$340.4K
Cap Rate 9%
$264,767
$264.8K
Market Conditions
NOI Build-Up for 3,250 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
$39.0K $12.00/SF
− Vacancy
−$2.3K −$0.72/SF
EGI
$36.7K $11.28/SF
− OpEx
−$12.8K −$3.95/SF
NOI
$23.8K $7.33/SF
Area
Hunt County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$476,580
Cap Rate 7%
$340,414
Cap Rate 9%
$264,767
Alternative Uses
Best Use
Industrial
$3.23M
$2.83M – $3.77M
NOI $226,058 @ 7.0% cap · market cap 56.51%
Second Best
Office B
$588.8K
$515.2K – $686.9K
NOI $41,216 @ 7.0% cap · market cap 10.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75474, TX
16,010
Population
7,115
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
82%
High-School Grad
105.3 sq mi
ZIP Area
152
Density / Sq Mi
$66,299
Median Household Income
$35,770
Median Earnings
$1,101
Median Rent
$169,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Metal commercial facility combining office, workshop, storage, and paved-road access in a flexible operating layout.
Where is this flex space located?
The property is located at 10015 Fm 751 Quinlan, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 3,250 square feet on 0.936 acres; Built in 2015 with metal construction and a metal roof; Workshop includes multiple overhead doors, tall ceilings, concrete floors, and built‑in shelving
