Warehouse Property with Fenced
New
For Sale
$970,000
103 Cochise Drive, Ferris, TX 75125
Commercial site combines warehouse space, a mobile home, outdoor storage, and direct access to Interstate 45.
Property Size3,932 SF
Lot Size1.00 Acre
Price / SF$246.69
Days on Market5
Property Features for 103 Cochise Drive
General Information
Standard status
Active
Size
3,932 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Residential / Commercial eaning Services
Occupancy
50%
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Warehouse Space
2,268 SF
Building Details
Building Size
3,932 SF
Year Built
2003
Buildings
2
Stories
1
Units
2
Construction
metal
Listing Agency:
WILLIAM DAVIS REALTY
(469) 487-8439
Listed By:
Victor Garcia · License #0641040
(469) 487-8439
Source:
Signaturere
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 1:55PM
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 WILLIAM DAVIS REALTY
Investment Insights
Based on property information with market context.
This commercial property occupies approximately 1 acre and includes a 2,268 SF metal warehouse and a 1,664 SF mobile home. The warehouse has overhead doors and is currently used for storage. The property is 50% leased and includes a fenced, stabilized yard, outdoor storage, on-site parking, and an existing access driveway. Water, septic, and electric service the site.
Located at 103 Cochise Drive in Ferris, the property has frontage along Cochise Drive and quick access to Interstate 45. Commercial improvements are already in place, while city approval applies to proposed uses. The warehouse configuration supports storage, contractor operations, automotive-related use, light industrial activity, or similar commercial and industrial applications, subject to applicable approvals.
Located at 103 Cochise Drive in Ferris, the property has frontage along Cochise Drive and quick access to Interstate 45. Commercial improvements are already in place, while city approval applies to proposed uses. The warehouse configuration supports storage, contractor operations, automotive-related use, light industrial activity, or similar commercial and industrial applications, subject to applicable approvals.
Key Highlights
- Approximately 1 acre with a 2,268 SF metal warehouse and 1,664 SF mobile home
- 50% leased with two separate income streams
- Fenced and stabilized yard with outdoor storage and on‑site parking
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
$27,343
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
2.82%
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%
$546,860
$546.9K
Cap Rate 7%
$390,614
$390.6K
Cap Rate 9%
$303,811
$303.8K
Market Conditions
NOI Build-Up for 3,932 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
$35.4K $9.00/SF
− Vacancy
−$3.2K −$0.82/SF
EGI
$32.2K $8.18/SF
− OpEx
−$4.8K −$1.23/SF
NOI
$27.3K $6.95/SF
Area
Ellis County, TX
Vacancy
9.10%
Lease Rate
$9.00 /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%
$546,860
Cap Rate 7%
$390,614
Cap Rate 9%
$303,811
Alternative Uses
Best Use
Warehouse
$390.6K
$341.8K – $455.7K
NOI $27,343 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$42.90M
$37.54M – $50.06M
NOI $3,003,322 @ 7.0% cap · market cap 309.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50%
Occupancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75125, TX
7,545
Population
2,341
Households
3.2
Avg Household Size
35
Median Age
13%
College-Educated
69%
High-School Grad
75.2 sq mi
ZIP Area
100
Density / Sq Mi
$73,929
Median Household Income
$35,954
Median Earnings
$1,089
Median Rent
$198,000
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?
Warehouse - Commercial site combines warehouse space, a mobile home, outdoor storage, and direct access to Interstate 45.
Where is this warehouse located?
The property is located at 103 Cochise Drive Ferris, TX.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Approximately 1 acre with a 2,268 SF metal warehouse and 1,664 SF mobile home; 50% leased with two separate income streams; Fenced and stabilized yard with outdoor storage and on‑site parking
