Building Details

Year Built 2025

Buildings 1

Stories 2

Building Size 17,500 SF

Listing Agency: Century 21 Harvey Properties-P

Listed By: Erin Kennedy · License #0793118 Show Phone

Source: Yourdavisteam

Added: Sep 28 Changed: Oct 2 Last Checked: Oct 7 at 2:22PM

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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 Century 21 Harvey Properties-P

Investment Insights

Based on property information with market context.

Completed in 2025, this flex property encompasses 17,500 square feet under roof, including 7,500 square feet of warehouse and 3,750 square feet of office-retail area. The ground-level office-retail space has two restrooms, while the upper floor contains three private offices and an unfinished area. The warehouse features 20-foot sidewalls, lighting, electrical service, and two overhead doors configured for drive-through operations.

A 50-by-125-foot lean-to adds covered area for parking or storage and includes a restroom with exterior access. The 3.3-acre site is fenced, with gated entry, a concrete customer parking area, and a gravel lot at the rear. The property is located at 12931 Hwy 82 W in Brookston, Texas.

Key Highlights

• 17,500 square feet under roof, including 7,500 square feet of warehouse and 3,750 square feet of office‑retail space
• 2025 construction on a 3.3‑acre fenced site with gated entry
• Warehouse has 20‑foot sidewalls and two overhead doors for drive‑through operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,732

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,394,640 $1.4M

Cap Rate 7%

$996,171 $996.2K

Cap Rate 9%

$774,800 $774.8K

Market Conditions

NOI Build-Up for 11,250 SF

Gross rent

$90.4K $8.04/SF

− Vacancy

−$8.4K −$0.75/SF

EGI

$82.0K $7.29/SF

− OpEx

−$12.3K −$1.09/SF

NOI

$69.7K $6.20/SF

Area

Lamar County, TX

Vacancy

9.30%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,394,640

Cap Rate 7%

$996,171

Cap Rate 9%

$774,800

Alternative Uses

Best Use

Warehouse

$996.2K

$871.7K – $1.16M (±1% cap)

NOI $69,732 @ 7.0% cap · market cap 6.40%

Second Best

Industrial

$820.4K

$717.8K – $957.1K (±1% cap)

NOI $57,427 @ 7.0% cap · market cap 5.27%

Theoretical Best

Hotel Hospitality

$8.47M

$7.41M – $9.89M (±1% cap)

NOI $593,156 @ 7.0% cap · market cap 54.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Lease Details

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Frequently Asked Questions

What type of property is this?

Flex space - A fenced, gated 3.3-acre property combines warehouse, office-retail, and covered exterior space.

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, including 7,500 square feet of warehouse and 3,750 square feet of office‑retail space; 2025 construction on a 3.3‑acre fenced site with gated entry; Warehouse has 20‑foot sidewalls and two overhead doors for drive‑through operations