Insulated Flex Space with Shop
For Sale
$1,750,000
1256 County Road 401, Merkel, TX 79536
CommercialSale, Merkel, TX
Property Size13,200 SF
Lot Size53.51 Acres
Price / SF$132.58
Days on Market112
Property Features for 1256 County Road 401
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Oversize, Covered, Open, Driveway, Garage, Carport
Directions
I-20 to FM 126, go North to 14th St, Directly across from Tin Cup RV Park.
Standard status
Active
APN
974520
Size
13,200 SF
Lot size
53.51 Acres
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Tax Description
A0072 SUR 148 GRIMES COUNTY SCHOOL, TRACT W P
Tax Annual Amount
14419
Legal Description
A0072 SUR 148 GRIMES COUNTY SCHOOL, TRACT W P
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Electric, Multi Units
Water source
Well
Amenities
water wells
pumps
tanks
commercial kitchen
spray foam insulation
electric elevator
carports
outbuildings
wash bays
garage doors
asphalt millings yard
Building Details
Year built
2020
Floors in Building
2
Number of units
1
Flooring type
Concrete, Combination, Vinyl, Laminate
Building materials
MetalSiding, Concrete, SteelSiding
Roof type
Metal
Buildings
2
Listing Agency:
Tommy Simons (office)
Listed By:
Tommy Simons · License #0583499
(325) 721-8800
Added: Jul 12
Changed: Oct 31
Last Checked: Oct 31 at 7:06PM
MLS# 21299444
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2020 flex property includes two fully insulated commercial buildings, several outbuildings, and living quarters with bathrooms. The main building combines substantial shop space with a commercial kitchen equipped with a stove, ovens, fryer, refrigerator vent, three-bay sink, and ice maker. A heavy-duty electric elevator connects to a partial second floor engineered for substantial loads. The secondary building offers wash bays and garage doors suited to vehicle, equipment, fabrication, detailing, or support operations.
Water and site infrastructure include seven active wells with pumps, two maintained tanks, a septic system, and asphalt millings across the yard. Multiple tall carports can shelter more than 20 vehicles or RVs, with additional interior and open parking for trucks and heavy equipment. High-voltage transmission lines run along the property edge, and three-phase power can be installed.
Water and site infrastructure include seven active wells with pumps, two maintained tanks, a septic system, and asphalt millings across the yard. Multiple tall carports can shelter more than 20 vehicles or RVs, with additional interior and open parking for trucks and heavy equipment. High-voltage transmission lines run along the property edge, and three-phase power can be installed.
Key Highlights
- Two fully insulated commercial buildings plus multiple outbuildings
- 7 active water wells with pumps and 2 maintained tanks
- Main building includes a fully equipped commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,687
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,053,740
$2.1M
Cap Rate 7%
$1,466,957
$1.5M
Cap Rate 9%
$1,140,967
$1.1M
Market Conditions
NOI Build-Up for 13,200 SF
Gross rent
$172.7K $13.08/SF
− Vacancy
−$14.7K −$1.11/SF
EGI
$158.0K $11.97/SF
− OpEx
−$55.3K −$4.19/SF
NOI
$102.7K $7.78/SF
Area
Taylor County, TX
Vacancy
8.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,053,740
Cap Rate 7%
$1,466,957
Cap Rate 9%
$1,140,967
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.18M
NOI $190,736 @ 7.0% cap · market cap 10.90%
Second Best
Flex RnD
$1.47M
$1.28M – $1.71M
NOI $102,687 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$129.12M
$112.98M – $150.63M
NOI $9,038,051 @ 7.0% cap · market cap 516.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79536, TX
5,133
Population
2,313
Households
2.2
Avg Household Size
41
Median Age
14%
College-Educated
93%
High-School Grad
295.9 sq mi
ZIP Area
17
Density / Sq Mi
$71,346
Median Household Income
$41,208
Median Earnings
$1,187
Median Rent
$133,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with insulated buildings, water infrastructure, equipment areas, and covered vehicle storage.
Where is this flex space located?
The property is located at 1256 County Road 401 Merkel, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two fully insulated commercial buildings plus multiple outbuildings; 7 active water wells with pumps and 2 maintained tanks; Main building includes a fully equipped commercial kitchen
