Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    232 N Marshall Industrial Ave Marshall, TX 75670

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    344,402 SF manufacturing complex with frontage on US Highway 59.

    Property size:
    344,402 SF
    Lot size:
    79.85 Acres

    Property Features for 232 N Marshall Industrial Ave

    General Information

    Size
    344,402 SF
    Lot size
    79.85 Acres

    We can help!

    Listing Contact
    James Ewing
    James Ewing
    Source: Moodyscre

    Listing Agent: James Ewing

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

    Learn more

    Overview

    Extensive Manufacturing Complex in Marshall

    This property features an extensive manufacturing complex with approximately 318,000 square feet of enclosed building space and approximately 26,402 square feet of open building space, totaling approximately 344,402 square feet. The property includes 480v & 3 phase power and ceiling heights of 24'+. It has frontage on US Highway 59 N and N Marshall Industrial Ave in Harrison County.
    Location Intelligence

    Current Use by Public Records

    Master WoodCraft Cabinetry Cabinet Store

    Suggested Use

    Hotel & Motel Department Store Kitchen & Bath Furniture Store Convenience Store Discount Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Harrison
    State
    Texas
    Longitude
    -94.339831
    Latitude
    32.60206

    Nearby Similar for Sale

    • $450,000
      27.01 Acres

      Former Nursing Facility on 27 Acres

      Redevelopment opportunity: former 50-bed nursing facility on 27 acres.
      7470 State Highway 154, Marshall, TX 75670
      View Details
    • $250,000

      Marshall, TX Office Opportunity

      Two buildings suited for nonprofit, assisted living, or office campus.
      204 N Alamo Blvd, Marshall, TX 75670
      View Details
    • $995,000
      3,131 SF

      Marshall Ranch with Acreage

      Ranch home on 65.45 acres in Marshall, Texas.
      3843 S Fm 2199, Marshall, TX 75672
      View Details
    • $315,000

      Functional Office Space For Sale

      5,220 SF office space suitable for healthcare or professional use.
      401 Grove St N, Marshall, TX 75670
      View Details
    • $2,200,000
      1.30 Acres

      Downtown Marshall Office Building For Sale

      Commercial office building in downtown Marshall, Texas, with 13 offices.
      400 W Houston St, Marshall, TX 75670
      View Details
    • $1,300,000
      1.28 Acres

      Income Producing Duplex Property

      20-unit duplex in Marshall, TX with high occupancy rate.
      411 Johnson St, Marshall, TX 75670
      View Details
    • New
      $650,000
      5,000 SF

      Versatile Commercial Property on Hwy 59

      3.14 acres with metal building and office space.
      5947 Us Highway 59 N, Marshall, TX 75670
      View Details
    • $250,000
      14.26 Acres

      Marshall, TX: 14 Acre Property

      14 acres of cleared land with home, barn, and stable.
      Tbd Harris House Rd, Marshall, TX 75672
      View Details
    • $225,000
      3.00 Acres

      Industrial Property in Marshall, TX

      Industrial property for sale in Marshall, Texas, Harrison County.
      3213 Blocker Rd, Marshall, TX 75672
      View Details
    • $2,250,000
      45,680 SF

      Retail Center in Marshall Plaza

      Retail property 100% occupied by national credit tenants.
      620-634 E End Blvd S, Marshall, TX 75670
      View Details
    • $3,600,000

      Enterprise Car Rental Investment Property

      Long-term leased investment property with rental increases and tax benefits.
      3901 E End Blvd S, Marshall, TX 75672
      View Details
    • $2,960,000
      2,800 SF

      New Freddy's Restaurant For Sale

      New construction Freddy's with a 20-year NNN lease.
      916 E End Blvd N, Marshall, TX 75670
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 344,402 SF manufacturing complex with frontage on US Highway 59.
    Where is this manufacturing property located?
    The property is located at 232 N Marshall Industrial Ave Marshall, TX.
    What are key features of this property?
    This property features: - Extensive Manufacturing Complex; - Approx. 344,402 SF Total Space; - Frontage on US Highway 59 N & N Marshall Industrial Ave
    (214) 692-1100
    Request Owner's contact information
    232 N Marshall Industrial Ave Marshall, TX 75670
    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.
    232 N Marshall Industrial Ave
    Marshall, TX 75670
    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
    232 N Marshall Industrial Ave Marshall, TX 75670
    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

    We can help!
    Listing Contact
    James Ewing
    James Ewing
    (214) 692-1100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.