118 Main St, Forney, TX 75126
For Sale
$299,900
Versatile commercial building with office, warehouse, retail, breakroom, and restroom areas near historic downtown.
Property Size4,500 SF
Price / SF$66.64
Days on Market100
Property Features for 118 Main St
General Information
Standard status
Property type
Size
Building Details
Year Built
Listed By:
Hubert Blaine Wolfeschlegelsteinhausenbergerdorf
(617) 444-3322
Added: Aug 2
Changed: Aug 21
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,365
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,300
$447.3K
Cap Rate 7%
$319,500
$319.5K
Cap Rate 9%
$248,500
$248.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$36.2K $8.04/SF
− Vacancy
−$1.8K −$0.39/SF
EGI
$34.4K $7.65/SF
− OpEx
−$12.0K −$2.68/SF
NOI
$22.4K $4.97/SF
Area
Kaufman County, TX
Vacancy
4.90%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,300
Cap Rate 7%
$319,500
Cap Rate 9%
$248,500
Alternative Uses
Best Use
Warehouse
$447.0K
$391.2K – $521.5K
NOI $31,292 @ 7.0% cap · market cap 10.43%
Second Best
Industrial
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,365 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75126, TX
64,573
Population
24,316
Households
2.7
Avg Household Size
32
Median Age
36%
College-Educated
92%
High-School Grad
81.6 sq mi
ZIP Area
791
Density / Sq Mi
$104,001
Median Household Income
$55,453
Median Earnings
$1,930
Median Rent
$337,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Kaufman County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with office, warehouse, retail, breakroom, and restroom areas near historic downtown.
Where is this flex space located?
The property is located at 118 Main St Forney, TX.
What is the asking price?
The asking price for this property is $299,900.
