Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1149 S Virginia St Terrell, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A industrial space in new logistics park available for lease.

    Type:INDUSTRIAL
    Property size:
    51,875 SF
    Lot size:
    25.47 Acres
    Added:
    Oct 31, 2024
    Days on Market:
    542
    Last Refresh:
    Apr 5 at 10:41 pm

    Property Features for 1149 S Virginia St

    General Information

    Standard status
    Active
    Size
    51,875 SF
    Lot size
    25.47 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 1149 S Virginia St Contact us

    We can help!

    Listing Contact
    Ben Wallace, SIOR

    Listing agent Ben Wallace, SIOR

    Listing office Colliers | Dallas

    Listing date Oct 31, 2024

    Source Moodyscre

    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 Colliers | Dallas

    Overview

    New Terrell Logistics Park Space

    20 East Logistics Park is a new Class A, two-building development in Terrell, TX, totaling 335,489 square feet. Situated on approximately 25 acres on Virginia Street, the park is located between I-20 and U.S. 80, providing convenient access to both highways. The project is designed to accommodate full building users or be demised to suit tenants and users of varying size requirements. One of the buildings offers 51,875 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1836 Farms Food Processing Plant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • FreeUp Storage Terrell E. Moore Avenue — 1119 E Moore Ave, Terrell, TX 75160
    • Lone Star Storage — 405 S Virginia St, Terrell, TX 75160
    • The Depot Mini Storage — 703.5 W Moore Ave, Terrell, TX 75160

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.2763
    Latitude
    32.7233

    Nearby Similar for Lease

    • $3,800/Mo

      Versatile Shop Space Near Terrell

      4,000 sq ft shop with offices and roll-up doors.
      6274 N Fm 148, Terrell, TX 75160
      View Details
    • $2,750/Mo

      Terrell, TX Warehouse Space

      4,000 SF warehouse spaces near Interstate 20 in Terrell, TX.
      8723 Fm 2728, Terrell, TX 75161
      View Details
    • $6,200/Mo

      Poetry Ranch with Mature Trees

      25-acre ranch in Poetry, TX, ideal for various uses.
      16300 County Road 255, Poetry, TX 75160
      View Details
    • $2,600/Mo

      Industrial Building with Shelving, Office

      1440 sqft industrial building with office and inside/outside storage.
      7662 County Road 301, Terrell, TX 75160
      View Details
    • $4,900/Mo

      Terrell Office Space For Rent

      Office space in Terrell Square Shopping Center, near Dollar General.
      632 N Rockwall Avenue, Terrell, TX 75160
      View Details
    • Contact for pricing

      Prime Retail Space Near Outlets

      Ideally situated retail space with high visibility and traffic.
      341 Tanger Dr, Terrell, TX
      View Details
    • Contact for pricing

      Terrell Warehouse Space Available

      5,000 SF warehouse space for lease in Terrell, Texas.
      8024 Michael Talty Avenue, Terrell, TX 75160
      View Details
    • Contact for pricing

      Retail Space Near Tractor Supply

      Retail space available in high-traffic area near Tractor Supply.
      100 State Hwy 205, Terrell, TX
      View Details
    • Contact for pricing

      Historic Building in Downtown Terrell

      Historic building in downtown Terrell, near upcoming revitalization district.
      201 E Moore Ave, Terrell, TX
      View Details
    • Contact for pricing

      New Construction Warehouses For Lease

      New construction warehouses for lease with versatile opportunities.
      6562 Michael Talty Ave, Terrell, TX
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Single tenant office space available, totaling 2,253 square feet.
      406 W Brin St, Terrell, TX 75160
      View Details
    • Contact for pricing

      Terrell Warehouse with Loading Docks

      9,000 SF warehouse featuring multiple loading docks and secure yard.
      10856 US-80, Terrell, TX
      View Details

    FAQs

    What type of property is this?
    Warehouse - Class A industrial space in new logistics park available for lease.
    Where is this warehouse located?
    The property is located at 1149 S Virginia St Terrell, TX.
    What are key features of this property?
    This property features: New Class A industrial development totaling 335,489 SF.; Located in Terrell, TX, a growing logistics hub.; Situated on approximately 25 acres.
    (214) 436-6110 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ben Wallace, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!