Warehouse
For Sale
$1,689,600
1075 Chisolm Trail, Keller, TX 76248
Warehouse property constructed in 1998.
Property Size9,600 SF
Days on Market12
Property Features for 1075 Chisolm Trail
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Industrial
Building Details
Building Size
9,600 SF
Year Built
1998
Listing Agency:
Engvest Group - eXp Commercial
(206) 303-0779
Listed By:
Collin Hu | CCIM · License #TX #793343
Source:
7s
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 23 at 4:19AM
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 Engvest Group - eXp Commercial
Investment Insights
Based on property information with market context.
This warehouse property was constructed in 1998 and is located at 1075 Chisolm Trail in Keller, Texas 76248.
Key Highlights
- Constructed in 1998
- Located at 1075 Chisolm Trail, Keller, TX 76248
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
$59,833
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
3.54%
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%
$1,196,660
$1.2M
Cap Rate 7%
$854,757
$854.8K
Cap Rate 9%
$664,811
$664.8K
Market Conditions
NOI Build-Up for 9,600 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
$77.2K $8.04/SF
− Vacancy
−$6.8K −$0.71/SF
EGI
$70.4K $7.33/SF
− OpEx
−$10.6K −$1.10/SF
NOI
$59.8K $6.23/SF
Area
Denton County, TX
Vacancy
8.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$1,196,660
Cap Rate 7%
$854,757
Cap Rate 9%
$664,811
Alternative Uses
Best Use
Warehouse
$854.8K
$747.9K – $997.2K
NOI $59,833 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$134.25M
$117.47M – $156.63M
NOI $9,397,534 @ 7.0% cap · market cap 556.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76248, TX
40,894
Population
14,749
Households
2.8
Avg Household Size
42
Median Age
60%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
2,588
Density / Sq Mi
$169,391
Median Household Income
$77,224
Median Earnings
$1,979
Median Rent
$545,100
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property constructed in 1998.
Where is this warehouse located?
The property is located at 1075 Chisolm Trail Keller, TX.
What is the asking price?
The asking price for this property is $1,689,600.
What are key features of this property?
This property features: Constructed in 1998; Located at 1075 Chisolm Trail, Keller, TX 76248
