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 Show Phone

Listed By: Susan Jackson Show Phone

Added: Dec 23, 2025 Changed: Sep 16 Last Checked: Oct 20 at 8:06AM

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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.

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Investment Insights

Based on property information with market context.

This 2023 metal flex property contains approximately 5,400 square feet on 0.45 acres, with 3,990 square feet of climate-controlled space and 1,410 square feet of non-climate-controlled area. The interior includes an open recreational or work area, private office, two restrooms, a full shower, oversized storage closets, and loft storage with access to the HVAC systems. A standard entry door and 10 by 10 roll-up door serve the climate-controlled section, while the additional area provides five 10 by 10 roll-up doors, concrete flooring, and approximately 14-foot eaves.

The property occupies a corner lot with access from New Boston Road and Blocker Lane in Nash. Existing features include central air, central heating, ceiling fans, a metal roof, public sewer, a garage, and a parking lot. The building’s combination of conditioned and durable utility space supports office, storage, service, recreational, fabrication, repair, and distribution functions within one facility.

Key Highlights

• Approximately 5,400 SF building on 0.45 acres
• 3,990 SF climate‑controlled area plus 1,410 SF non‑climate‑controlled space
• Five 10 by 10 roll‑up doors in the non‑climate‑controlled section

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,767

Cap Rate

7.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$675,340 $675.3K

Cap Rate 7%

$482,386 $482.4K

Cap Rate 9%

$375,189 $375.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,400 SF

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 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 (±1% cap)

NOI $33,767 @ 7.0% cap · market cap 7.51%

Second Best

Industrial

$397.3K

$347.6K – $463.5K (±1% cap)

NOI $27,808 @ 7.0% cap · market cap 6.19%

Theoretical Best

Hotel Hospitality

$4.07M

$3.56M – $4.75M (±1% cap)

NOI $284,715 @ 7.0% cap · market cap 63.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Iconic Performance Center Arcade & Gaming Center

Suggested Use

Top Pick Law Firm Parking Lot & Garage Building Supply Storage Facility Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Adaptable commercial building combining climate-controlled workspace, secure storage, office amenities, and multiple roll-up doors.

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 building on 0.45 acres; 3,990 SF climate‑controlled area plus 1,410 SF non‑climate‑controlled space; Five 10 by 10 roll‑up doors in the non‑climate‑controlled section