Warehouse with 10-Foot Overhead
For Sale
$119,000
13510 New Boston Rd., Hooks, TX 75561
Metal warehouse on a corner lot with electricity and a 10-foot overhead door, offering high-traffic highway frontage.
Property Size900 SF
Lot Size0.52 Acres
Price / SF$132.22
Days on Market166
Property Features for 13510 New Boston Rd.
General Information
Standard status
Active
Size
900 SF
Lot size
0.52 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Building Details
Building Size
900 SF
Year Built
2001
Stories
1
Units
1
Listing Agency:
Century 21 All Points
(903) 824-0045
Listed By:
Lisa Singleton · License #SA00043227
(903) 824-0045
Source:
Texarkanalegacygroup
Added: Mar 12
Changed: Aug 24
Last Checked: Aug 23 at 8:12AM
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 Century 21 All Points
Investment Insights
Based on property information with market context.
This for-sale metal warehouse sits on a corner lot and includes electricity. The building offers approximately 900 square feet of space and is equipped with a 10-foot overhead door, making it well suited for storage, a small shop, or other light industrial needs.
Located at 13510 W New Boston Rd in Hooks, TX, the property has high-traffic state highway frontage on Hwy 82, supporting strong visibility and straightforward customer and delivery access. The site totals about 0.52 acres.
Whether you’re looking for a stand-alone facility or a compact, functional building for day-to-day operations, the combination of overhead access, on-site power, and prominent highway frontage is designed to serve practical business requirements.
Located at 13510 W New Boston Rd in Hooks, TX, the property has high-traffic state highway frontage on Hwy 82, supporting strong visibility and straightforward customer and delivery access. The site totals about 0.52 acres.
Whether you’re looking for a stand-alone facility or a compact, functional building for day-to-day operations, the combination of overhead access, on-site power, and prominent highway frontage is designed to serve practical business requirements.
Key Highlights
- 0.52‑acre corner lot with high‑traffic frontage on Hwy 82
- 900 SF metal building designed for shop, storage, or small business use
- 10‑ft overhead door for easy loading and access
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
$5,628
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
4.73%
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%
$112,560
$112.6K
Cap Rate 7%
$80,400
$80.4K
Cap Rate 9%
$62,533
$62.5K
Market Conditions
NOI Build-Up for 900 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
$7.2K $8.04/SF
− Vacancy
−$615 −$0.68/SF
EGI
$6.6K $7.36/SF
− OpEx
−$993 −$1.10/SF
NOI
$5.6K $6.25/SF
Area
Bowie County, TX
Vacancy
8.50%
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%
$112,560
Cap Rate 7%
$80,400
Cap Rate 9%
$62,533
Alternative Uses
Best Use
Warehouse
$80.4K
$70.4K – $93.8K
NOI $5,628 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$677.9K
$593.2K – $790.9K
NOI $47,453 @ 7.0% cap · market cap 39.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75561, TX
4,875
Population
2,317
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
46.4 sq mi
ZIP Area
105
Density / Sq Mi
$58,025
Median Household Income
$39,774
Median Earnings
$977
Median Rent
$128,700
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.
Similar Off Market Nearby
- A&A Mini Storage — 1116 W New Boston Rd, Hooks, TX 75561
Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse on a corner lot with electricity and a 10-foot overhead door, offering high-traffic highway frontage.
Where is this warehouse located?
The property is located at 13510 New Boston Rd. Hooks, TX.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 0.52‑acre corner lot with high‑traffic frontage on Hwy 82; 900 SF metal building designed for shop, storage, or small business use; 10‑ft overhead door for easy loading and access
