Flex Industrial
For Sale
Contact for pricing
Pending
10A Regency Dr, Wylie, TX 75098
Flex industrial building with finished office space, a 12' grade-level roll-up door, and 12'–18' clear height warehouse.
Property Size6,000 SF
Days on Market208
Property Features for 10A Regency Dr
General Information
Standard status
Pending
Size
6,000 SF
Total Parking Spaces
15
Property subtype
Office, Industrial
Zoning
Pd - Light Industrial
Lease Type
NNN
Listing Agency:
Carey Cox Company
Listed By:
David Cox · License #0472928
(214) 636-3291
Source:
Crexi
Added: Feb 12
Changed: Aug 7
Last Checked: Jul 24 at 9:56AM
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 Carey Cox Company
Investment Insights
Based on property information with market context.
Flex industrial building with finished, air-conditioned office space and a warehouse designed for practical day-to-day operations. The warehouse offers 12'–18' clear height and includes one 12' grade-level roll-up door, along with 3-phase, 200-amp power. The building is fully insulated and fully sprinklered, with a metal roof and six skylights.
The property is located one block south of FM 544 in an infill setting at 10A Regency Drive in Wylie. A fully vacant facility, it sits on an approximately 0.38-acre lot with approximately 15 concrete parking spaces.
Available as a sale or lease opportunity, the building combines office and warehouse improvements in a single, functional flex configuration.
The property is located one block south of FM 544 in an infill setting at 10A Regency Drive in Wylie. A fully vacant facility, it sits on an approximately 0.38-acre lot with approximately 15 concrete parking spaces.
Available as a sale or lease opportunity, the building combines office and warehouse improvements in a single, functional flex configuration.
Key Highlights
- Flex industrial building at 10A Regency Drive, Wylie, located one block south of FM 544
- Approximately 2,100 SF finished, air‑conditioned office space plus a warehouse with 12'–18' clear height
- Warehouse includes one 12' grade‑level roll‑up door
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
$76,091
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
5.64%
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%
$1,521,820
$1.5M
Cap Rate 7%
$1,087,014
$1.1M
Cap Rate 9%
$845,456
$845.5K
Market Conditions
NOI Build-Up for 6,000 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
$131.8K $21.96/SF
− Vacancy
−$30.3K −$5.05/SF
EGI
$101.5K $16.91/SF
− OpEx
−$25.4K −$4.23/SF
NOI
$76.1K $12.68/SF
Area
Collin County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,521,820
Cap Rate 7%
$1,087,014
Cap Rate 9%
$845,456
Alternative Uses
Best Use
Industrial
$5.96M
$5.22M – $6.96M
NOI $417,338 @ 7.0% cap · market cap 30.91%
Second Best
Office B
$1.09M
$951.1K – $1.27M
NOI $76,091 @ 7.0% cap · market cap 5.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75098, TX
67,212
Population
22,080
Households
3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
32.0 sq mi
ZIP Area
2,100
Density / Sq Mi
$115,587
Median Household Income
$53,163
Median Earnings
$1,979
Median Rent
$362,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building with finished office space, a 12' grade-level roll-up door, and 12'–18' clear height warehouse.
Where is this flex space located?
The property is located at 10A Regency Dr Wylie, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Flex industrial building at 10A Regency Drive, Wylie, located one block south of FM 544; Approximately 2,100 SF finished, air‑conditioned office space plus a warehouse with 12'–18' clear height; Warehouse includes one 12' grade‑level roll‑up door
