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    94 N State Hwy 205, Terrell, TX 75160

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    3,840 SF commercial building on high-traffic State Highway 205.

    Type:Industrial, Office, Retail
    Property size:
    3,840 SF
    Price / SF:
    $286/SF
    Added:
    Apr 23, 2025
    Days on Market:
    442
    Last Refresh:
    Jun 27 at 5:55 pm

    Property Features for 94 N State Hwy 205

    General Information

    Standard status
    Active
    Size
    3,840 SF
    Property subtype
    Industrial, Office, Retail

    Building Details

    Year Built
    1999

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    Frank Roberts
    Frank Roberts

    Listing office RE/MAX Landmark

    Listing date Apr 23, 2025

    Source Crexi

    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 RE/MAX Landmark

    HighLights

    • High‑traffic location on State Highway 205 with excellent visibility.
    • 3,840 SF building with open, flexible layout for custom finish‑out.
    • Commercial drive‑thru lane and grade‑level overhead door for shipping/receiving.
    • Located across from Walmart and Tractor Supply, near McDonald’s, Arby’s, and CVS.
    • Positioned in one of the fastest‑growing counties in the U.S.
    • Built in 1999.

    Overview

    This commercial property is located on State Highway 205 in Terrell, TX. The 3,840 SF building features an open, flexible layout. The property is positioned across from Walmart and Tractor Supply, and near McDonald’s, Arby’s, and CVS, providing visibility and accessibility. The building includes a commercial drive-thru lane and a grade-level overhead door in the rear for shipping and receiving. The property is located in a rapidly expanding market.

    Local Financial Insights For Office B

    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 $118.0k $30.72
    − Vacancy −$29.8k −$7.77
    EGI $88.1k $22.95
    − OpEx −$22.0k −$5.74
    NOI $66.1k $17.21
    3,840 SF · lease $30.72/SF/yr · vacancy 25.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $944.1K
    $826.1K – $1.10M (±1% cap)
    NOI $66,090 @ 7.0% cap · market cap 6.01%
    Second Best
    Retail
    $915.3K
    $800.9K – $1.07M (±1% cap)
    NOI $64,073 @ 7.0% cap · market cap 5.82%
    Theoretical Best
    Multifamily LT 5
    $48.33M
    $42.29M – $56.38M (±1% cap)
    NOI $3,382,969 @ 7.0% cap · market cap 307.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Law Firm Parking Lot & Garage Storage Facility Bakery Dental Office HVAC Service (Bike/Boat/Book/etc) Store Veterinary Clinic Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.303766
    Latitude
    32.742471

    FAQs

    What type of property is this?
    Mixed-use property - 3,840 SF commercial building on high-traffic State Highway 205.
    Where is this mixed-use property located?
    The property is located at 94 N State Hwy 205 Terrell, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: High‑traffic location on State Highway 205 with excellent visibility.; 3,840 SF building with open, flexible layout for custom finish‑out.; Commercial drive‑thru lane and grade‑level overhead door for shipping/receiving.
    (972) 396-9100 Call to check price and availability
    More about this property
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