Office Building with Attached
10867 County Road 140 Flint, TX 75762
10867 County Road 140, Flint, TX, 75762
$985,000
For Sale
$985,000
Office building with 15 single offices, conference room, and attached large shop, currently fully leased.
Property Size6,515 SF
Price / SF$151.19
Days on Market530
Property Features for 10867 County Road 140
General Information
- Standard status
- Active
- Size
- 6,515 SF
Listing agency
Wood Real Estate Group, LLC
Listed by
Jodi Ballenger
Source
Exprealty
Added: Feb 6, 2025 Updated: Jul 20 at 3:56PM Checked: Jul 20 at 3:56PM
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 Wood Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This office building offers a flexible mix of private workspaces and shared support areas, including 15 single offices and a conference room. The layout also includes four bathrooms, a break room, and a kitchen, along with a storage closet and ample attic/storage space. In addition, the building features a large shop area, creating an office-and-workspace configuration that can support a variety of business operations.
The property is offered for sale and is currently fully leased/occupied. Located at 10867 County Road 140 in Flint, TX, it’s presented as a highly accessible commercial option for prospective buyers seeking an income-producing office building with an attached shop component.
The property is offered for sale and is currently fully leased/occupied. Located at 10867 County Road 140 in Flint, TX, it’s presented as a highly accessible commercial option for prospective buyers seeking an income-producing office building with an attached shop component.
Key Highlights
- Office building with 15 single offices, plus a conference room
- Attached large shop with additional commercial workspace
- Includes 4 bathrooms, break room, kitchen, and storage closet
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.3k | $18.00 |
| − Vacancy | −$14.1k | −$2.16 |
| EGI | $103.2k | $15.84 |
| − OpEx | −$25.8k | −$3.96 |
| NOI | $77.4k | $11.88 |
6,515 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$967.5K – $1.29M
NOI $77,398 @ 7.0% cap · market cap 7.86%
Second Best
Industrial
$479.3K
$419.4K – $559.2K
NOI $33,550 @ 7.0% cap · market cap 3.41%
Theoretical Best
Hotel Hospitality
$4.91M
$4.29M – $5.73M
NOI $343,503 @ 7.0% cap · market cap 34.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sarah's Massage Boutique
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office building with 15 single offices, conference room, and attached large shop, currently fully leased.
Where is this office units located?
The property is located at 10867 County Road 140 Flint, TX.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Office building with 15 single offices, plus a conference room; Attached large shop with additional commercial workspace; Includes 4 bathrooms, break room, kitchen, and storage closet
