Office-Warehouse Flex Space with
New
For Sale
$1,310,000
132 W Mcleroy Boulevard, Saginaw, TX 76179
A professional office layout connects to an insulated warehouse addition with direct drive-in access.
Property Size5,950 SF
Days on Market3
Property Features for 132 W Mcleroy Boulevard
General Information
Standard status
Active
Size
5,950 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$9,893
Building Details
Building Size
5,950 SF
Year Built
1997
Listing Agency:
Trinity Group Realty
Listed By:
Angie Marshall-Mishio · License #0754258
(817) 941-6454
Source:
Baerealty
Added: Sep 24
Last Checked: Sep 26 at 1:48PM
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 Trinity Group Realty
Investment Insights
Based on property information with market context.
This flex facility combines dedicated office space with warehouse capacity. The office area includes 8 private offices, a reception area, a conference room or shared common area, a breakroom, and 2 restrooms. The building dates to 1997 and received a 2024 addition. Its insulated metal warehouse addition includes mezzanine storage and two 10' x 10' drive-in roll-up doors. Concrete parking serves the property.
The site is in Saginaw, 1.7 miles from IH-820 and 0.1 miles from Saginaw Main Street. The mix of office rooms, warehouse storage, and direct drive-in access brings the property’s work areas together in one facility.
The site is in Saginaw, 1.7 miles from IH-820 and 0.1 miles from Saginaw Main Street. The mix of office rooms, warehouse storage, and direct drive-in access brings the property’s work areas together in one facility.
Key Highlights
- Office area has 8 private offices, a reception area, conference or common space, a breakroom, and 2 restrooms
- 2024 insulated metal addition expands the warehouse area
- Warehouse includes mezzanine storage and two 10' x 10' drive‑in roll‑up doors
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
$48,568
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
3.71%
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%
$971,360
$971.4K
Cap Rate 7%
$693,829
$693.8K
Cap Rate 9%
$539,644
$539.6K
Market Conditions
NOI Build-Up for 5,950 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
$82.1K $13.80/SF
− Vacancy
−$7.4K −$1.24/SF
EGI
$74.7K $12.56/SF
− OpEx
−$26.2K −$4.40/SF
NOI
$48.6K $8.16/SF
Area
ZIP 76179
Vacancy
9.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$971,360
Cap Rate 7%
$693,829
Cap Rate 9%
$539,644
Alternative Uses
Best Use
Warehouse
$7.10M
$6.21M – $8.28M
NOI $497,066 @ 7.0% cap · market cap 37.94%
Second Best
Industrial
$6.40M
$5.60M – $7.46M
NOI $447,796 @ 7.0% cap · market cap 34.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76179, TX
68,333
Population
26,227
Households
2.6
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
51.9 sq mi
ZIP Area
1,317
Density / Sq Mi
$108,428
Median Household Income
$53,878
Median Earnings
$1,840
Median Rent
$299,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Pancho's Pinche Pizza — 635 Ridgecrest Cir W, Saginaw, TX 76179
Frequently Asked Questions
What type of property is this?
Flex space - A professional office layout connects to an insulated warehouse addition with direct drive-in access.
Where is this flex space located?
The property is located at 132 W Mcleroy Boulevard Saginaw, TX.
What is the asking price?
The asking price for this property is $1,310,000.
What are key features of this property?
This property features: Office area has 8 private offices, a reception area, conference or common space, a breakroom, and 2 restrooms; 2024 insulated metal addition expands the warehouse area; Warehouse includes mezzanine storage and two 10' x 10' drive‑in roll‑up doors
