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    10400 I-20 Millsap, TX

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    For Sale
    $16,492,000

    NNN leased GEODynamics investment property with over 5 years remaining.

    Property size:
    73,247 SF
    Lot size:
    9.55 Acres

    Property Features for 10400 I-20

    General Information

    Size
    73,247 SF
    Lot size
    9.55 Acres

    Source: SRS Real Estate Partners - Corporate Agent Joseph Cooper

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Millsap, Texas Industrial Investment Property

    This is an opportunity to acquire the fee simple interest in an absolute NNN leased GEODynamics investment property in Millsap, Texas. GEODynamics is a subsidiary of Oil States International, Inc, which has a market cap of over $300 million. The tenant, GEODynamics, has over 5 years of term remaining with 4 (5-year) or 2 (10-year) options to extend, demonstrating their commitment to the site. The office lease features 1.5% annual rental increases and the warehouse lease has 1% annual increases throughout the initial term, and both leases have FMV rental increases at the beginning of each option period. The property is 73247 square feet. The lease is absolute NNN with zero landlord responsibilities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    Honeycrisp Self Storage - Millsap

    Map

    City
    Millsap
    County
    Parker
    State
    Texas
    Longitude
    -98.0092093
    Latitude
    32.7481864

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    FAQs

    What type of property is this?
    Warehouse - NNN leased GEODynamics investment property with over 5 years remaining.
    Where is this warehouse located?
    The property is located at 10400 I-20 Millsap, TX.
    What is the asking price?
    The asking price for this property is $16,492,000.
    What are key features of this property?
    This property features: - Absolute NNN lease provides a management-free, passive investment.; - Stable tenant: GEODynamics, a subsidiary of Oil States International, Inc (NYSE: OIS) with a market cap over $300 million.; - Over 5 years of initial lease term remaining with multiple options to extend (4 x 5-year or 2 x 10-year).
    (303) 390-5230
    Request Owner's contact information
    10400 I-20 Millsap, TX
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    Millsap, TX
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    Realmo Value Estimation

    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

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    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.

    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
    10400 I-20 Millsap, TX
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