Ennis Warehouse and Distribution
2407-2411 N Preston St Ennis, TX
For Sale
Contact for pricing
66,500 SF warehouse and distribution property with I-45 access.
Property Size66,500 SF
Lot Size3.00 Acres
Price / SF$78.95
Days on Market1020
Property Features for 2407-2411 N Preston St
General Information
- Standard status
- Active
- Size
- 66,500 SF
- Lot size
- 3.00 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 2407-2411 N Preston St Contact us
Listing Agency:
SVN | Trinity Advisors
(817) 312-1388
Listed By:
Steve Fithian · License #0276047
(817) 312-1388
Source:
Moodyscre
Added: Oct 10, 2023
Changed: Jul 10
Last Checked: Jul 21 at 5:46AM
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 SVN | Trinity Advisors
Investment Insights
Based on property information with market context.
This property features a total size of 66,500 square feet, including a 62,500-square-foot large building and a 4,000-square-foot small building. Constructed in 1961, 1980, and 1994, the property sits on a 3.21-acre lot, equivalent to 139,827 square feet. The buildings offer clear heights ranging from 14 to 20 feet. Parking is available with 30+ spaces. The property includes six dock-high doors and one grade-level door. It is equipped with 3-Phase, 240v 200amps power. The location provides easy access to I-45 and 287, making it suitable for warehouse and distribution purposes.
Key Highlights
- Large building size: 62,500 SF
- Easy access to I‑45 & 287
- Significant lot size: 3.21 Acres (139,827 SF)
Financial Insights For Warehouse
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 | $598.5k | $9.00 |
| − Vacancy | −$54.5k | −$0.82 |
| EGI | $544.0k | $8.18 |
| − OpEx | −$81.6k | −$1.23 |
| NOI | $462.4k | $6.95 |
66,500 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.61M
$5.78M – $7.71M
NOI $462,431 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$4.92M
$4.31M – $5.75M
NOI $344,723 @ 7.0% cap · market cap 6.57%
Theoretical Best
Multifamily LT 5
$725.62M
$634.92M – $846.56M
NOI $50,793,721 @ 7.0% cap · market cap 967.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- The Storage Center — 3000 NE Main St, Ennis, TX 75119
- Ideal Self Storage - Ennis — 2312 N Preston St, Ennis, TX 75119
- Preston Self Storage — 2408 N Preston St, Ennis, TX 75119
- Go Store It Self Storage — 2501 N Kaufman St, Ennis, TX 75119
FAQs
What type of property is this?
Warehouse - 66,500 SF warehouse and distribution property with I-45 access.
Where is this warehouse located?
The property is located at 2407-2411 N Preston St Ennis, TX.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Large building size: 62,500 SF; Easy access to I‑45 & 287; Significant lot size: 3.21 Acres (139,827 SF)
