Flex Unit with Two Roll-Up
For Sale
$120,000
Pending
141 Cimmarron Trail, Runaway Bay, TX 76426
Versatile commercial-style unit with two roll-up doors and an existing electric meter, suited for workshop or business use.
Property Size1,200 SF
Days on Market43
Property Features for 141 Cimmarron Trail
General Information
Standard status
Pending
Size
1,200 SF
Property subtype
Business Opportunities
Additional Details
Highway Access
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$1,078
Amenities
A/C - Other
3
Asphalt, Gravel Road.
Building Details
Year Built
2000
Listing Agency:
AmbitionX Real Estate
Listed By:
Nathan Bowers · License #0671644
(817) 914-1033
Source:
Xome
Added: Jul 23
Changed: Sep 1
Last Checked: Sep 2 at 2:57PM
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 AmbitionX Real Estate
Investment Insights
Based on property information with market context.
This versatile commercial-style flex unit offers approximately 1,200 square feet and includes two bays with roll-up doors. An existing electric meter is already in place, supporting practical business and workshop setups.
The property is located at 141 Cimmarron Trail in Runaway Bay, TX, outside city limits, with quick access to major highways for an easier commute.
While currently configured as a flex/workshop type space, the layout is designed to accommodate a range of uses, including mechanic shop or workshop operations, rental income possibilities, or future residential conversion, subject to applicable requirements.
The property is located at 141 Cimmarron Trail in Runaway Bay, TX, outside city limits, with quick access to major highways for an easier commute.
While currently configured as a flex/workshop type space, the layout is designed to accommodate a range of uses, including mechanic shop or workshop operations, rental income possibilities, or future residential conversion, subject to applicable requirements.
Key Highlights
- Approximately 1,200 SF commercial‑style unit with two bays and roll‑up doors
- Existing electric meter already in place
- Cooling: A/C - Other; Heating: 3
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
$6,382
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
5.32%
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%
$127,640
$127.6K
Cap Rate 7%
$91,171
$91.2K
Cap Rate 9%
$70,911
$70.9K
Market Conditions
NOI Build-Up for 1,200 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
$9.6K $8.04/SF
− Vacancy
−$531 −$0.44/SF
EGI
$9.1K $7.60/SF
− OpEx
−$2.7K −$2.28/SF
NOI
$6.4K $5.32/SF
Area
Wise County, TX
Vacancy
5.50%
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%
$127,640
Cap Rate 7%
$91,171
Cap Rate 9%
$70,911
Alternative Uses
Best Use
Retail
$284.5K
$249.0K – $332.0K
NOI $19,918 @ 7.0% cap · market cap 16.60%
Second Best
Industrial
$91.2K
$79.8K – $106.4K
NOI $6,382 @ 7.0% cap · market cap 5.32%
Theoretical Best
Hotel Hospitality
$903.9K
$790.9K – $1.05M
NOI $63,270 @ 7.0% cap · market cap 52.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
Market
Vacancy Rate% for Industrial 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 - Versatile commercial-style unit with two roll-up doors and an existing electric meter, suited for workshop or business use.
Where is this flex space located?
The property is located at 141 Cimmarron Trail Runaway Bay, TX.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Approximately 1,200 SF commercial‑style unit with two bays and roll‑up doors; Existing electric meter already in place; Cooling: A/C - Other; Heating: 3
