Flex Building with Drive-Through
New
For Sale
$1,089,000
12931 HWY 82 W, Brookston, TX 75421
CommercialSale, Brookston, TX
Property Size17,500 SF
Lot Size3.30 Acres
Price / SF$62.23
Days on Market2
Property Features for 12931 HWY 82 W
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Commercial
Parking features
Garage, Parking Lot, Covered, Gated, Secured
Security features
Security
Subdivision
HIGHWAY 82 SUBDIVISION
Directions
From Loop 286 in Paris, HWY 82 W, Building on left (A&P Supply). From Bonham, 82E, Building on right.
Standard status
Active
APN
129947
Lot size
3.30 Acres
Taxes and HOA fees
Tax Description
A582 JW MORGAN SURVEY, ACRES 3.2960
Legal Description
A582 JW MORGAN SURVEY, ACRES 3.2960
Utilities
Sewer type
Aerobic Septic
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
2025
Floors in Building
2
Number of units
1
Flooring type
Vinyl, Concrete
Building materials
MetalSiding, Rock, Stone
Roof type
Metal
Listing Agency:
Century 21 Harvey Properties-P
(903) 785-8484
Listed By:
Erin Kennedy · License #0793118
(903) 583-3188
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 7:06AM
MLS# 21371312
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.
Investment Insights
Based on property information with market context.
This flex property includes 17,500 square feet under roof across a 7,500-square-foot warehouse, 3,750 square feet of office-retail area, and a 50 X 125 lean-to. The warehouse features 20-foot sidewalls, electric service, lighting, and two large overhead doors arranged for drive-through operations. The front office-retail area includes two restrooms, while the upper level provides three private offices and an unfinished area that can be configured for additional business use. A separate restroom serves the lean-to with exterior access.
The 3.3-acre parcel is fully fenced and accessed through a gated entry. Site improvements include a concrete customer parking area, a secured gravel lot, and covered space suitable for parking or storage. The property at 12931 HWY 82 W in Brookston, Texas, has metal siding, rock and stone construction materials, concrete and vinyl flooring, electric heating and cooling, a metal roof, and an aerobic septic system.
The 3.3-acre parcel is fully fenced and accessed through a gated entry. Site improvements include a concrete customer parking area, a secured gravel lot, and covered space suitable for parking or storage. The property at 12931 HWY 82 W in Brookston, Texas, has metal siding, rock and stone construction materials, concrete and vinyl flooring, electric heating and cooling, a metal roof, and an aerobic septic system.
Key Highlights
- 17,500 square feet under roof on 3.3 acres
- 7,500‑square‑foot warehouse with 20‑foot sidewalls
- 3,750 square feet of office‑retail space with 2 restrooms
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
$89,330
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
8.20%
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%
$1,786,600
$1.8M
Cap Rate 7%
$1,276,143
$1.3M
Cap Rate 9%
$992,556
$992.6K
Market Conditions
NOI Build-Up for 17,500 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
$140.7K $8.04/SF
− Vacancy
−$13.1K −$0.75/SF
EGI
$127.6K $7.29/SF
− OpEx
−$38.3K −$2.19/SF
NOI
$89.3K $5.10/SF
Area
Lamar County, TX
Vacancy
9.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,786,600
Cap Rate 7%
$1,276,143
Cap Rate 9%
$992,556
Alternative Uses
Best Use
Office B
$4.32M
$3.78M – $5.04M
NOI $302,400 @ 7.0% cap · market cap 27.77%
Second Best
Retail
$4.15M
$3.63M – $4.84M
NOI $290,472 @ 7.0% cap · market cap 26.67%
Theoretical Best
Hotel Hospitality
$13.18M
$11.53M – $15.38M
NOI $922,688 @ 7.0% cap · market cap 84.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75421, TX
988
Population
391
Households
2.5
Avg Household Size
41
Median Age
12%
College-Educated
61%
High-School Grad
53.6 sq mi
ZIP Area
18
Density / Sq Mi
$52,016
Median Household Income
$34,890
Median Earnings
$788
Median Rent
$152,400
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 - Fenced commercial facility combines warehouse, office-retail, covered storage, gated access, and dedicated parking areas.
Where is this flex space located?
The property is located at 12931 HWY 82 W Brookston, TX.
What is the asking price?
The asking price for this property is $1,089,000.
What are key features of this property?
This property features: 17,500 square feet under roof on 3.3 acres; 7,500‑square‑foot warehouse with 20‑foot sidewalls; 3,750 square feet of office‑retail space with 2 restrooms
