Office Building with Attached
For Sale
$850,000
10867 Cr 140, Flint, TX 75762
Office building with 15 single offices, conference room, and attached large shop, currently fully leased.
Property Size6,515 SF
Price / SF$130.47
Days on Market619
Property Features for 10867 Cr 140
General Information
Standard status
Active
Size
6,515 SF
Property subtype
Commercial/Industrial
Occupancy
100%
Additional Details
Office Units
15
Taxes and HOA fees
Annual Taxes
$27
Building Details
Year Built
2023
Listing Agency:
Wood Real Estate Group, LLC
(903) 262-0054
Listed By:
Jodi Ballenger · License #0761533
(903) 646-5570
Source:
Exitrealty
Added: Feb 7, 2025
Changed: Sep 10
Last Checked: Sep 15 at 5:51AM
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 Wood Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This office building offers a flexible mix of private workspaces and shared support areas, including 15 single offices and a conference room. The layout also includes four bathrooms, a break room, and a kitchen, along with a storage closet and ample attic/storage space. In addition, the building features a large shop area, creating an office-and-workspace configuration that can support a variety of business operations.
The property is offered for sale and is currently fully leased/occupied. Located at 10867 County Road 140 in Flint, TX, it’s presented as a highly accessible commercial option for prospective buyers seeking an income-producing office building with an attached shop component.
The property is offered for sale and is currently fully leased/occupied. Located at 10867 County Road 140 in Flint, TX, it’s presented as a highly accessible commercial option for prospective buyers seeking an income-producing office building with an attached shop component.
Key Highlights
- Office building with 15 single offices, plus a conference room
- Attached large shop with additional commercial workspace
- Includes 4 bathrooms, break room, kitchen, and storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,398
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,960
$1.5M
Cap Rate 7%
$1,105,686
$1.1M
Cap Rate 9%
$859,978
$860.0K
Market Conditions
NOI Build-Up for 6,515 SF
Gross rent
$117.3K $18.00/SF
− Vacancy
−$14.1K −$2.16/SF
EGI
$103.2K $15.84/SF
− OpEx
−$25.8K −$3.96/SF
NOI
$77.4K $11.88/SF
Area
Smith County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,960
Cap Rate 7%
$1,105,686
Cap Rate 9%
$859,978
Alternative Uses
Best Use
Office B
$1.11M
$967.5K – $1.29M
NOI $77,398 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.91M
$4.29M – $5.73M
NOI $343,503 @ 7.0% cap · market cap 40.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
15
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 75762, TX
13,923
Population
6,052
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
97%
High-School Grad
44.7 sq mi
ZIP Area
311
Density / Sq Mi
$91,429
Median Household Income
$47,587
Median Earnings
$1,201
Median Rent
$283,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office building with 15 single offices, conference room, and attached large shop, currently fully leased.
Where is this office unit located?
The property is located at 10867 Cr 140 Flint, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Office building with 15 single offices, plus a conference room; Attached large shop with additional commercial workspace; Includes 4 bathrooms, break room, kitchen, and storage closet
