Building Details

Year Built 2008

Buildings 1

Building Size 3,600 SF

Listing Agency: Kelly Harris Company,LLC

Listed By: Kelly Harris · License #0332614 Show Phone

Source: Heritance

Added: Aug 7 Changed: Sep 8 Last Checked: Oct 7 at 5:14PM

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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 Kelly Harris Company,LLC

Investment Insights

Based on property information with market context.

This flex space property includes a 3,600-square-foot building under roof on 1.28 acres. The structure measures approximately 70 by 52 feet, with 14-foot sidewalls, one 10-foot by 10-foot roll-up overhead door, a covered porch spanning the front, five new horizontal-slider windows, and two new metal walk-through doors. Underground electrical service extends to the building, and the road-base parking area supports on-site access. The property is fully fenced with 6-foot ornamental fencing and custom gates.

The site fronts FM 744 and FM 55 in Navarro County, with approximately 189 feet along FM 744 and 260 feet along FM 55. Navarro Mills Water Supply fronts the property, with a ¾-inch meter in place on FM 744 near a power pole in the right of way. An LPD septic system is planned for installation. The property is un-zoned.

Key Highlights

• 3,600 square feet under roof on 1.28 acres
• Approximately 189’ of frontage on FM 744 and 260' on FM 55
• Fully fenced with 6‑foot ornamental fencing and custom gates

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,090

Cap Rate

7.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$461,800 $461.8K

Cap Rate 7%

$329,857 $329.9K

Cap Rate 9%

$256,556 $256.6K

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$36.3K $10.08/SF

− Vacancy

−$3.3K −$0.92/SF

EGI

$33.0K $9.16/SF

− OpEx

−$9.9K −$2.75/SF

NOI

$23.1K $6.41/SF

Area

Navarro County, TX

Vacancy

9.10%

Lease Rate

$10.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$461,800

Cap Rate 7%

$329,857

Cap Rate 9%

$256,556

Alternative Uses

Best Use

Warehouse

$395.7K

$346.2K – $461.7K (±1% cap)

NOI $27,699 @ 7.0% cap · market cap 9.23%

Second Best

Industrial

$329.9K

$288.6K – $384.8K (±1% cap)

NOI $23,090 @ 7.0% cap · market cap 7.70%

Theoretical Best

Multifamily LT 5

$39.55M

$34.61M – $46.14M (±1% cap)

NOI $2,768,483 @ 7.0% cap · market cap 922.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Lease Details

Yes

Fenced yard

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75102, TX

1,501

Population

644

Households

2.3

Avg Household Size

40

Median Age

12%

College-Educated

79%

High-School Grad

69.0 sq mi

ZIP Area

22

Density / Sq Mi

$82,863

Median Household Income

$30,833

Median Earnings

$1,110

Median Rent

$115,400

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

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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 - Fully fenced commercial property with frontage on two roads and new building access features.

Where is this flex space located?

The property is located at 13332 Fm 744 Barry, TX.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 3,600 square feet under roof on 1.28 acres; Approximately 189’ of frontage on FM 744 and 260' on FM 55; Fully fenced with 6‑foot ornamental fencing and custom gates