Drive-Through Industrial
For Sale
$2,950,000
4610 E Highway 199 Springtown, Springtown, TX 76082
Newer warehouse with shop-and-office buildout and multiple 14-ft roll-up bays for efficient equipment and fleet access.
Property Size16,200 SF
Lot Size16.00 Acres
Price / SF$184.38
Days on Market44
Property Features for 4610 E Highway 199 Springtown
General Information
Standard status
Active
Size
16,200 SF
Lot size
16.00 Acres
Zoning
front 6 acres city limits commercial,rear 10 county no zoning
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
8
Taxes and HOA fees
Annual Taxes
$39,996
Building Details
Building Size
16,200 SF
Year Built
2019
Stories
1
Listing Agency:
OPT
(800) 683-5651
Listed By:
George Goodman
(800) 683-5651
Source:
Jparhouston
Added: Jul 9
Changed: Aug 17
Last Checked: Aug 21 at 3:53AM
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 OPT
Investment Insights
Based on property information with market context.
Industrial warehouse on over 16+ acres with a combined 16,000+ sq ft shop and office built in 2019. The facility offers 4 x 90-ft drive-through overhead door bays (8 total) with 14-ft roll-up doors, designed to support large equipment and fleet operations. Inside the shop, there is a reinforced concrete floor, 8 x 30-amp plugs positioned at each bay, and interior water spigots for practical industrial or service use. The shop includes a full bathroom, and the office has a public restroom, along with additional plumbing infrastructure. Shop interior walls are fully insulated, and the office layout provides flexibility for future growth, with room to expand on the existing ground level or add a second-story office buildout.
The property features over 400 feet of Highway 199 frontage and is split between city and outside-city acreage. Approximately the front 6 acres are located in Reno city limits and zoned INDUSTRIAL, while the rear 10 acres are located outside city limits.
With substantial yard space and in-place electrical, water, and plumbing improvements, this configuration is suited to users seeking functional warehouse access along with built-out office support.
The property features over 400 feet of Highway 199 frontage and is split between city and outside-city acreage. Approximately the front 6 acres are located in Reno city limits and zoned INDUSTRIAL, while the rear 10 acres are located outside city limits.
With substantial yard space and in-place electrical, water, and plumbing improvements, this configuration is suited to users seeking functional warehouse access along with built-out office support.
Key Highlights
- Over 16+ acres with 400+ ft of frontage on Highway 199
- 2019‑built 16,000+ SF warehouse with shop‑and‑office combination
- Four 90‑ft drive‑through overhead 14‑ft roll‑up door bays (8 total) for large equipment and fleet access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,346,240
$2.3M
Cap Rate 7%
$1,675,886
$1.7M
Cap Rate 9%
$1,303,467
$1.3M
Market Conditions
NOI Build-Up for 16,000 SF
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.
Gross rent
$192.0K $12.00/SF
− Vacancy
−$11.5K −$0.72/SF
EGI
$180.5K $11.28/SF
− OpEx
−$63.2K −$3.95/SF
NOI
$117.3K $7.33/SF
Area
Parker County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,346,240
Cap Rate 7%
$1,675,886
Cap Rate 9%
$1,303,467
Alternative Uses
Best Use
Industrial
$15.90M
$13.91M – $18.55M
NOI $1,112,901 @ 7.0% cap · market cap 37.73%
Second Best
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,312 @ 7.0% cap · market cap 3.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
8
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Newer warehouse with shop-and-office buildout and multiple 14-ft roll-up bays for efficient equipment and fleet access.
Where is this flex space located?
The property is located at 4610 E Highway 199 Springtown Springtown, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Over 16+ acres with 400+ ft of frontage on Highway 199; 2019‑built 16,000+ SF warehouse with shop‑and‑office combination; Four 90‑ft drive‑through overhead 14‑ft roll‑up door bays (8 total) for large equipment and fleet access
