Industrial Property with
For Sale
Contact for pricing
6878 Fm 1044, Marion, TX 78124
Built in 2012, the site includes an office building and a three-bay warehouse on unrestricted land.
Property Size11,152 SF
Lot Size9.28 Acres
Price / SF$160.96
Days on Market763
Property Features for 6878 Fm 1044
General Information
Standard status
Active
Size
11,152 SF
Lot size
9.28 Acres
Property subtype
Industrial, Land
Additional Details
Highway Access
Yes
Amenities
conference rooms
kitchen breakroom
Building Details
Year Built
2012
Listing Agency:
Coldwell Banker D'Ann Harper San Marcos
Listed By:
Chelsea Roberts · License #TX
Source:
Crexi
Added: Aug 7, 2024
Changed: Aug 31
Last Checked: Sep 8 at 3:56AM
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 Coldwell Banker D'Ann Harper San Marcos
Investment Insights
Based on property information with market context.
Built in 2012, this industrial property includes a 4,736-square-foot office building and a 6,416-square-foot warehouse with three bays. The office features multiple office spaces, conference rooms, and a complete kitchen breakroom, providing a functional layout for day-to-day operations.
The property sits on 9.2780 acres of unrestricted land and is conveniently located between I-10 and IH-35, supporting flexible business use and straightforward access.
Seller financing is available with an acceptable offer and terms, offering an additional option for qualified buyers.
The property sits on 9.2780 acres of unrestricted land and is conveniently located between I-10 and IH-35, supporting flexible business use and straightforward access.
Seller financing is available with an acceptable offer and terms, offering an additional option for qualified buyers.
Key Highlights
- 9.2780 acres of unrestricted land between I‑10 and IH‑35
- Built in 2012 with a 4,736 SF office building
- Office space includes multiple offices, conference rooms, and a kitchen/breakroom
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
$151,989
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
8.47%
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%
$3,039,780
$3.0M
Cap Rate 7%
$2,171,271
$2.2M
Cap Rate 9%
$1,688,767
$1.7M
Market Conditions
NOI Build-Up for 11,152 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
$246.2K $22.08/SF
− Vacancy
−$43.6K −$3.91/SF
EGI
$202.7K $18.17/SF
− OpEx
−$50.7K −$4.54/SF
NOI
$152.0K $13.63/SF
Area
Guadalupe County, TX
Vacancy
17.70%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
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%
$3,039,780
Cap Rate 7%
$2,171,271
Cap Rate 9%
$1,688,767
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,989 @ 7.0% cap · market cap 8.47%
Second Best
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,431 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,751 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78124, TX
6,860
Population
2,674
Households
2.6
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
56.9 sq mi
ZIP Area
121
Density / Sq Mi
$82,534
Median Household Income
$44,510
Median Earnings
$1,326
Median Rent
$282,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2012, the site includes an office building and a three-bay warehouse on unrestricted land.
Where is this flex space located?
The property is located at 6878 Fm 1044 Marion, TX.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 9.2780 acres of unrestricted land between I‑10 and IH‑35; Built in 2012 with a 4,736 SF office building; Office space includes multiple offices, conference rooms, and a kitchen/breakroom
