Adaptable Commercial Property in
For Sale
$449,500
1013 E New Boston Road, Nash, TX 75569
Versatile 5,400 SF commercial property with climate-controlled and non-climate-controlled space.
Property Size5,400 SF
Price / SF$83.24
Days on Market110
Property Features for 1013 E New Boston Road
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
5,400 SF
Year Built
2023
Stories
2
Units
1
Listing Agency:
Century 21 Platinum Partners
(903) 720-7517
Listed By:
Susan Jackson · License #0572071
(903) 796-1026
Source:
Signaturere
Added: Apr 22
Changed: Aug 8
Last Checked: Aug 8 at 11:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Platinum Partners
Investment Insights
Based on property information with market context.
This adaptable commercial property is positioned on a corner lot in Nash, with access from New Boston Road and Blocker Lane. The metal building provides approximately 5,400 square feet, divided into 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, demonstrating the building's ability to support recreational, athletic, or performance-based uses. This expansive open area can easily transition into a fitness studio, specialty training center, creative workshop, or community-focused activity space. Supporting features include a private office, two restrooms (one with a full shower), oversized storage closets, and a lofted storage area with convenient access to HVAC systems. A standard entry door and a 10 by 10 rollup door provide access for staff, clients, and equipment. At the front of the building, a portion of the space is currently utilized by an HVAC service business, demonstrating the property's suitability for service-based operations that require both office functionality and secure storage or workspace, highlighting the building's potential for multiuse or multitenant configurations. The 1,410 square foot non-climate-controlled section offers five 10 by 10 rollup doors, concrete flooring, and approximately 14-foot eaves. This area is ideal for equipment storage, inventory, vehicles, fabrication, small engine repair, automotive work, or light industrial operations. Contractors, repair services, online retailers needing fulfillment space, and distributors seeking a centrally located hub will find this layout especially practical.
Key Highlights
- Highly adaptable 5,400 sq ft commercial property on a corner lot with access from two roads.
- 3,990 sq ft of climate‑controlled space, currently a batting cage training facility, easily adaptable.
- Features 1,410 sq ft of non‑climate‑controlled space with five 10x10 rollup doors.
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
$27,808
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
6.19%
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%
$556,160
$556.2K
Cap Rate 7%
$397,257
$397.3K
Cap Rate 9%
$308,978
$309.0K
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
−$11.9K −$2.21/SF
NOI
$27.8K $5.15/SF
Area
Bowie County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$556,160
Cap Rate 7%
$397,257
Cap Rate 9%
$308,978
Alternative Uses
Best Use
Industrial
$397.3K
$347.6K – $463.5K
NOI $27,808 @ 7.0% cap · market cap 6.19%
Second Best
Flex RnD
$383.4K
$335.5K – $447.3K
NOI $26,838 @ 7.0% cap · market cap 5.97%
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
Location Intelligence
Trade Area within ½ mile
207
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 - Versatile 5,400 SF commercial property with climate-controlled and non-climate-controlled space.
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: Highly adaptable 5,400 sq ft commercial property on a corner lot with access from two roads.; 3,990 sq ft of climate‑controlled space, currently a batting cage training facility, easily adaptable.; Features 1,410 sq ft of non‑climate‑controlled space with five 10x10 rollup doors.
