Industrial Flex Yard with
11846 Prairie Hill Dr Hearne, TX 77859
11846 Prairie Hill Dr, Hearne, TX, 77859
$300,000
For Sale
$300,000
Industrial flex tract with direct frontage on US-190 & Highway 6, fenced yard, a 30x40 shop, and an attached 1BR/1BA.
Property Size1,878 SF
Lot Size1.95 Acres
Price / SF$159.74
Days on Market78
Property Features for 11846 Prairie Hill Dr
General Information
- Standard status
- Active
- Size
- 1,878 SF
- Lot size
- 1.95 Acres
Listing agency
Armstrong Properties
(979) 567-7653
Listed by
Jessica Armstrong · License #0574391
(979) 567-7653
Source
Exprealty
Added: May 6 Updated: Jul 21 at 8:05AM Checked: Jul 21 at 8:05AM
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 Armstrong Properties
Investment Insights
Based on property information with market context.
This investor-ready industrial flex property includes a fully perimeter fenced yard on a ±1.95-acre tract with direct frontage on US-190 and Highway 6. The site features approximately 119.81 feet of frontage along a high-traffic corridor (estimated 23,804 AADT), offering visibility for a range of business uses.
Improvements include a 30x40 shop with electricity and an attached 1 bedroom, 1 bath apartment with a kitchen, providing flexibility for on-site living or additional rental opportunity. On-site infrastructure supports multiple operations, with three separate septic systems, three electric meters (Navasota Valley Electric), and one water meter.
The property is positioned within the Texas Triangle, approximately 5 miles to Hearne and about 15 miles to Bryan/College Station, with additional regional access to Temple, Waco, Austin, Houston, and Dallas/Fort Worth.
Improvements include a 30x40 shop with electricity and an attached 1 bedroom, 1 bath apartment with a kitchen, providing flexibility for on-site living or additional rental opportunity. On-site infrastructure supports multiple operations, with three separate septic systems, three electric meters (Navasota Valley Electric), and one water meter.
The property is positioned within the Texas Triangle, approximately 5 miles to Hearne and about 15 miles to Bryan/College Station, with additional regional access to Temple, Waco, Austin, Houston, and Dallas/Fort Worth.
Key Highlights
- ±1.95‑acre commercial industrial tract with direct frontage on US‑190 & Highway 6 (approx. 119.81 ft).
- Approx. 30x40 shop with electricity, plus an attached 1 bedroom, 1 bath apartment with kitchen.
- Fully perimeter fenced yard for storing equipment, vehicles, and materials.
Local Financial Insights For Flex RnD
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 | $28.2k | $15.00 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $26.2k | $13.95 |
| − OpEx | −$9.2k | −$4.88 |
| NOI | $17.0k | $9.07 |
1,878 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$243.3K
$212.9K – $283.8K
NOI $17,029 @ 7.0% cap · market cap 5.68%
Second Best
Warehouse
$195.4K
$171.0K – $228.0K
NOI $13,677 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$462.4K
$404.6K – $539.5K
NOI $32,371 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex tract with direct frontage on US-190 & Highway 6, fenced yard, a 30x40 shop, and an attached 1BR/1BA.
Where is this flex space located?
The property is located at 11846 Prairie Hill Dr Hearne, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: ±1.95‑acre commercial industrial tract with direct frontage on US‑190 & Highway 6 (approx. 119.81 ft).; Approx. 30x40 shop with electricity, plus an attached 1 bedroom, 1 bath apartment with kitchen.; Fully perimeter fenced yard for storing equipment, vehicles, and materials.
