Flex Space with Climate-Controlled
New
For Sale
Contact for pricing
108 Industrial Drive, Waxahachie, TX 75165
A grade-level roll-up door connects the heated warehouse area to the office or showroom space.
Property Size4,800 SF
Price / SF$0.94
Days on Market4
Property Features for 108 Industrial Drive
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
grade-level roll-up door
climate-controlled office/showroom
heated warehouse
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:37PM
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 Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,800-square-foot flex property divides evenly between 2,400 square feet of heated warehouse space and 2,400 square feet of heated and cooled office or showroom area. A grade-level roll-up door provides warehouse access for loading. The building was constructed in 1986.
Located in North Waxahachie Industrial Park, the property is off HWY 77, with access to I-35E and HWY 287. The address is 108 Industrial Drive in Waxahachie, Texas.
Located in North Waxahachie Industrial Park, the property is off HWY 77, with access to I-35E and HWY 287. The address is 108 Industrial Drive in Waxahachie, Texas.
Key Highlights
- 4,800 square feet divided between office or showroom space and warehouse space
- 2,400 square feet of heated and cooled office or showroom area
- 2,400 square feet of heated warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,219
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,380
$464.4K
Cap Rate 7%
$331,700
$331.7K
Cap Rate 9%
$257,989
$258.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$39.2K $8.16/SF
− Vacancy
−$3.4K −$0.72/SF
EGI
$35.7K $7.44/SF
− OpEx
−$12.5K −$2.60/SF
NOI
$23.2K $4.84/SF
Area
Ellis County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,380
Cap Rate 7%
$331,700
Cap Rate 9%
$257,989
Alternative Uses
Best Use
Retail
$1.14M
$995.9K – $1.33M
NOI $79,672 @ 7.0% cap · market cap 1,770.49%
Second Best
Warehouse
$476.8K
$417.2K – $556.3K
NOI $33,378 @ 7.0% cap · market cap 741.73%
Theoretical Best
Multifamily LT 5
$52.38M
$45.83M – $61.11M
NOI $3,666,314 @ 7.0% cap · market cap 81,473.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75165, TX
49,805
Population
18,940
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
118.0 sq mi
ZIP Area
422
Density / Sq Mi
$84,780
Median Household Income
$45,677
Median Earnings
$1,473
Median Rent
$308,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A grade-level roll-up door connects the heated warehouse area to the office or showroom space.
Where is this flex space located?
The property is located at 108 Industrial Drive Waxahachie, TX.
What are key features of this property?
This property features: 4,800 square feet divided between office or showroom space and warehouse space; 2,400 square feet of heated and cooled office or showroom area; 2,400 square feet of heated warehouse space
