Building Details

Year built 2008

Floors in Building 1

Number of units 1

Flooring type Concrete

Building materials MetalSiding

Roof type Metal

Listing Agency: Kelly Harris Company,LLC Show Phone

Listed By: Kelly Harris · License #0332614 Show Phone

Added: Apr 29 Changed: Aug 21 Last Checked: Aug 24 at 6:06PM

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MLS# 21180251

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Investment Insights

Based on property information with market context.

This flex property at 13332 FM 744 in Barry includes a 3,600-square-foot metal-sided building constructed in 2008. The structure measures approximately 70 by 52 feet, has 14-foot sidewalls, concrete flooring, one 10' x 10' roll-up door, and a covered porch measuring approximately 11 by 70 feet across the front. Five new horizontal slider windows and two new metal personnel doors provide additional access and natural light.

The site is fully fenced with 6' ornamental fencing and custom gates. It has frontage on both FM 744 and FM 55, along with a road-base parking lot. Underground electrical service extends to the building through Navarro Electric, and Navarro Mills Water Supply has a meter in place on FM 744 near a power pole in the right of way. The property is un-zoned, and an LPD septic system will be installed.

Key Highlights

• 3,600 square feet under roof on a 1.2‑acre parcel
• Approximately 70x52 building with 14' sidewalls
• One 10' x10' roll‑up overhead door

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

$23,090

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

7.70%

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%

$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 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

$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 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%

$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

Property Profile

Current Use

Flex space

Lease Details

14 ft

Clear height

1

Drive-in doors

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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Frequently Asked Questions

What type of property is this?

Flex space - Metal-sided commercial building with concrete flooring, secured fencing, and utility access in Barry, Texas.

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 a 1.2‑acre parcel; Approximately 70x52 building with 14' sidewalls; One 10' x10' roll‑up overhead door