Flex Space with Climate-Controlled
For Sale
$449,500
1013 E New Boston Road, Nash, TX 75569
COMMERCIAL - Nash, TX
Property Size5,400 SF
Lot Size0.45 Acres
Price / SF$83.24
Days on Market253
Property Features for 1013 E New Boston Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Garage, Parking Lot
Subdivision
Nash Heights Acres
Directions
From Kings Hwy, L on New Boston Rd property on the L at the corner of New Boston Rd and Blocker Rd
Standard status
Active
APN
16820004100
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
NASH HEIGHTS ACRES NW 1/2 LOT 6, S 514' LOT 7
Tax Annual Amount
5034
Legal Description
NASH HEIGHTS ACRES NW 1/2 LOT 6, S 514' LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
2023
Floors in Building
2
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Century 21 Platinum Partners
(903) 665-6252
Listed By:
Susan Jackson · License #0572071
(903) 796-1026
Added: Dec 23, 2025
Changed: Aug 4
Last Checked: Sep 2 at 6:06PM
MLS# 21137089
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 flex space features a metal building on a corner lot with adaptable indoor configuration for training, fitness, light industrial, or service use. The building provides approximately 5,400 square feet, split into about 3,990 square feet of climate-controlled space and 1,410 square feet of non climate-controlled area. The climate-controlled portion is currently configured as a batting cage training facility and includes a private office, two restrooms (one with a full shower), oversized storage closets, and a lofted storage area with convenient access to HVAC systems. Access for people and equipment is supported by a standard entry door and a 10 by 10 rollup door.
The non climate-controlled section is designed for durability and operational flexibility, with five 10 by 10 rollup doors, concrete flooring, and approximately 14 foot eaves. The front portion of the building is currently used by an HVAC service business, illustrating compatibility with service-based operations that need office space along with secure storage or workspace. Additional utilities and infrastructure include public sewer, and the property is served by central heating and central air.
Built in 2023, the site includes parking lot and garage parking and is accessed from New Boston Rd and Blocker Lane.
The non climate-controlled section is designed for durability and operational flexibility, with five 10 by 10 rollup doors, concrete flooring, and approximately 14 foot eaves. The front portion of the building is currently used by an HVAC service business, illustrating compatibility with service-based operations that need office space along with secure storage or workspace. Additional utilities and infrastructure include public sewer, and the property is served by central heating and central air.
Built in 2023, the site includes parking lot and garage parking and is accessed from New Boston Rd and Blocker Lane.
Key Highlights
- Approximately 5,400 SF metal flex building split into 3,990 SF climate controlled and 1,410 SF non climate controlled
- Climate‑controlled space currently configured as a batting cage training facility
- Corner lot access from New Boston Rd and Blocker Lane plus standard entry door and one 10 by 10 rollup door
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
$33,767
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
7.51%
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%
$675,340
$675.3K
Cap Rate 7%
$482,386
$482.4K
Cap Rate 9%
$375,189
$375.2K
Market Conditions
NOI Build-Up for 5,400 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
$43.4K $8.04/SF
− Vacancy
−$3.7K −$0.68/SF
EGI
$39.7K $7.36/SF
− OpEx
−$6.0K −$1.10/SF
NOI
$33.8K $6.25/SF
Area
Bowie County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$675,340
Cap Rate 7%
$482,386
Cap Rate 9%
$375,189
Alternative Uses
Best Use
Warehouse
$482.4K
$422.1K – $562.8K
NOI $33,767 @ 7.0% cap · market cap 7.51%
Second Best
Industrial
$397.3K
$347.6K – $463.5K
NOI $27,808 @ 7.0% cap · market cap 6.19%
Theoretical Best
Hotel Hospitality
$4.07M
$3.56M – $4.75M
NOI $284,715 @ 7.0% cap · market cap 63.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75569, TX
3,338
Population
1,449
Households
2.3
Avg Household Size
34
Median Age
15%
College-Educated
92%
High-School Grad
2.3 sq mi
ZIP Area
1,451
Density / Sq Mi
$38,750
Median Household Income
$41,719
Median Earnings
$926
Median Rent
$148,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal flex building on a corner lot with multiple 10-by-10 rollup doors and central HVAC.
Where is this flex space located?
The property is located at 1013 E New Boston Road Nash, TX.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: Approximately 5,400 SF metal flex building split into 3,990 SF climate controlled and 1,410 SF non climate controlled; Climate‑controlled space currently configured as a batting cage training facility; Corner lot access from New Boston Rd and Blocker Lane plus standard entry door and one 10 by 10 rollup door
