Listing Agency: Team & Vasseur Show Phone

Listed By: Nathan Vasseur · License #TX

Source: Crexi

Added: Apr 10 Changed: Jul 22 Last Checked: Jul 23 at 1:27PM

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Investment Insights

Based on property information with market context.

This flex warehouse is currently occupied by Bossman Cars and is configured as a combination office and warehouse facility. The property also includes a 300 SF (+/-) storage building. Parking is limited, which is an important consideration for tenants and visitors.

The asset is located at the northeast corner of South Blue Mound Road and Independence Road.

At closing, the seller will execute a 3-year lease for the property at $3,412.08 per month on a gross basis, structured to reflect a 10% return based on the purchase price.

Key Highlights

• Flex property currently occupied by Bossman Cars
• Half office and half warehouse layout
• Includes a 300 SF (+/-) storage building

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Parking Lot & Garage Nail Salon HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

335

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 76131, TX

48,515

Population

18,145

Households

2.7

Avg Household Size

33

Median Age

35%

College-Educated

91%

High-School Grad

15.5 sq mi

ZIP Area

3,130

Density / Sq Mi

$104,301

Median Household Income

$56,912

Median Earnings

$1,780

Median Rent

$316,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex property includes office and warehouse space plus a 300 SF storage building with limited parking.

Where is this flex space located?

The property is located at 1601 Independence Road Blue Mound, TX.

What are key features of this property?

This property features: Flex property currently occupied by Bossman Cars; Half office and half warehouse layout; Includes a 300 SF (+/-) storage building