Mixed-Use Property with Income
For Sale
$379,000
11103 Fm 751, Quinlan, TX 75474
Versatile commercial property featuring multifamily units, storage, and shops.
Property Size3,466 SF
Price / SF$109.35
Days on Market100
Property Features for 11103 Fm 751
General Information
Standard status
Active
Size
3,466 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
Berkshire HathawayHS Pondera
(817) 806-4100
Listed By:
Sam Reid · License #0730482
(682) 304-4123
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 2:12PM
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 Berkshire HathawayHS Pondera
Investment Insights
Based on property information with market context.
This commercial property offers a range of possibilities, featuring multifamily units, storage units, and shops. Constructed in 1989, some buildings were renovated and expanded in 2014. Previously, the property served as a mechanic shop with on-site housing for workers in the multifamily units. The shops are equipped with vehicle lifts, suitable for establishing a mechanic shop. Currently, the multifamily units are rented on a month-to-month basis, offering flexibility for removal before closing if desired. Located across from Family Dollar on a busy, high-traffic road, the property provides ample parking. Potential uses include storage centers, apartments, vehicle maintenance, car sales, golf cart sales and maintenance, tractor maintenance and sales, multifamily housing, and vehicle storage for companies or the city/county. The property size is 3466 square feet.
Key Highlights
- Multi‑family units, storage units, and shops on one property offer diverse income streams or business opportunities.
- High‑traffic location with Family Dollar across the road ensures visibility and accessibility.**
- Existing multi‑family units are currently rented, providing immediate income.
Financial Insights For Self Storage
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 | $44.9k | $12.96 |
| − Vacancy | −$3.6k | −$1.04 |
| EGI | $41.3k | $11.92 |
| − OpEx | −$12.4k | −$3.58 |
| NOI | $28.9k | $8.35 |
3,466 SF · lease $12.96/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.44M
$3.01M – $4.02M
NOI $241,082 @ 7.0% cap · market cap 63.61%
Second Best
Retail
$796.7K
$697.1K – $929.5K
NOI $55,770 @ 7.0% cap · market cap 14.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 75474, TX
16,010
Population
7,115
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
82%
High-School Grad
105.3 sq mi
ZIP Area
152
Density / Sq Mi
$66,299
Median Household Income
$35,770
Median Earnings
$1,101
Median Rent
$169,800
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?
Mixed-use property - Versatile commercial property featuring multifamily units, storage, and shops.
Where is this mixed-use property located?
The property is located at 11103 Fm 751 Quinlan, TX.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Multi‑family units, storage units, and shops on one property offer diverse income streams or business opportunities.; High‑traffic location with Family Dollar across the road ensures visibility and accessibility.**; Existing multi‑family units are currently rented, providing immediate income.
