Flex Suite With
For Sale
$589,000
1400 N Las Vegas Trail Unit 115, White Settlement, TX 76108
Versatile garage-style space with living areas, office potential, and specialized vehicle storage features.
Property Size1,904 SF
Price / SF$309.35
Days on Market613
Property Features for 1400 N Las Vegas Trail Unit 115
General Information
Standard status
Active
Size
1,904 SF
Property subtype
Office
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Power
200 amps
Voltage
240 V
Three-Phase Power
No
Sprinkler System
Yes
Additional Details
Fenced Yard
Yes
Amenities
clubhouse
controlled access
security cameras
Central Air
3
Security Lighting.
Building Details
Year Built
2020
Listing Agency:
Compass RE Texas, LLC
(940) 255-5144
Listed By:
Travis Taylor · License #0667196
(940) 255-5144
Source:
Xome
Added: Dec 25, 2024
Changed: Aug 30
Last Checked: Aug 30 at 2:19PM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
Suite 115 at Motorplace USA is a 1,904-square-foot flex property completed in 2020. The main level includes a living area, full bathroom, and storage closet, while the mezzanine adds another living area, private balcony, and a bar equipped with a sink, ice machine, mini fridge, and dishwasher. The layout supports vehicle storage or office use, with room for cars, trucks, motorcycles, boats, jet skis, and RVs.
Building features include a mini-split heat pump, 20-foot wall height, 27-foot peak height, and an oversized 14-foot by 14-foot overhead door with opener. The suite also has a pedestrian entrance, 200 Amp, 240 Volt single-phase electrical service, a 30 Amp RV plug, insulated overhead doors, insulated walls and roof, and a fire sprinkler system.
Motorplace USA provides controlled access, security cameras, perimeter fencing, exterior lighting, 50-foot drive aisles, a trash enclosure, and a private owners’ clubhouse. The property is located at 1400 N Las Vegas Trail, Unit 115, in White Settlement, Texas.
Building features include a mini-split heat pump, 20-foot wall height, 27-foot peak height, and an oversized 14-foot by 14-foot overhead door with opener. The suite also has a pedestrian entrance, 200 Amp, 240 Volt single-phase electrical service, a 30 Amp RV plug, insulated overhead doors, insulated walls and roof, and a fire sprinkler system.
Motorplace USA provides controlled access, security cameras, perimeter fencing, exterior lighting, 50-foot drive aisles, a trash enclosure, and a private owners’ clubhouse. The property is located at 1400 N Las Vegas Trail, Unit 115, in White Settlement, Texas.
Key Highlights
- 1,904 SF flex suite built in 2020
- 20’ wall height with a 27’ peak
- Oversized 14’x14’ overhead door with opener
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
$20,049
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
3.40%
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%
$400,980
$401.0K
Cap Rate 7%
$286,414
$286.4K
Cap Rate 9%
$222,767
$222.8K
Market Conditions
NOI Build-Up for 1,904 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
$34.3K $18.00/SF
− Vacancy
−$3.4K −$1.80/SF
EGI
$30.8K $16.20/SF
− OpEx
−$10.8K −$5.67/SF
NOI
$20.0K $10.53/SF
Area
ZIP 76108
Vacancy
10.00%
Lease Rate
$18.00 /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%
$400,980
Cap Rate 7%
$286,414
Cap Rate 9%
$222,767
Alternative Uses
Best Use
Flex RnD
$286.4K
$250.6K – $334.2K
NOI $20,049 @ 7.0% cap · market cap 3.40%
Second Best
Warehouse
$188.3K
$164.8K – $219.7K
NOI $13,182 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile garage-style space with living areas, office potential, and specialized vehicle storage features.
Where is this flex space located?
The property is located at 1400 N Las Vegas Trail Unit 115 White Settlement, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 1,904 SF flex suite built in 2020; 20’ wall height with a 27’ peak; Oversized 14’x14’ overhead door with opener
