Metal Warehouse with Truck
1374 S Fm 1655, Alvord, TX 76225
For Sale
Contact for pricing
Functional industrial building with concrete flooring, gravel parking, and private well and septic service.
Property Size2,184 SF
Lot Size4.00 Acres
Price / SF$0.92
Days on Market98
Property Features for 1374 S Fm 1655
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Road Access
Utilities to Site
Building Details
Year Built
Buildings
Construction
Listing Agency:
Cannon Property Management & Cannon Realty, LLC
(940) 627-6265
Listed By:
Kristal Campbell · License TX #0728032
(720) 628-8030
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Nov 5
Last Checked: Nov 12 at 8:35AM
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 Cannon Property Management & Cannon Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial warehouse is a 2,184-square-foot metal building constructed in 2002. The improvements include a concrete floor and metal roof, with a functional configuration suited to storage, automotive, equipment, contractor, and other industrial operations. Private water well and septic systems serve the property.
The building fronts FM 1655 and includes gravel parking with access for trucks and equipment. The property is located at 1374 S FM 1655 in Alvord, Texas, just outside Decatur.
The building fronts FM 1655 and includes gravel parking with access for trucks and equipment. The property is located at 1374 S FM 1655 in Alvord, Texas, just outside Decatur.
Key Highlights
- 2,184‑square‑foot metal warehouse built in 2002
- Concrete floor and metal roof
- Private water well and septic system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,500
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,000
$210.0K
Cap Rate 7%
$150,000
$150.0K
Cap Rate 9%
$116,667
$116.7K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$17.6K $8.04/SF
− Vacancy
−$1.4K −$0.64/SF
EGI
$16.2K $7.40/SF
− OpEx
−$5.7K −$2.59/SF
NOI
$10.5K $4.81/SF
Area
Wise County, TX
Vacancy
8.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,000
Cap Rate 7%
$150,000
Cap Rate 9%
$116,667
Alternative Uses
Best Use
Warehouse
$201.5K
$176.3K – $235.1K
NOI $14,105 @ 7.0% cap
Second Best
Industrial
$165.9K
$145.2K – $193.6K
NOI $11,616 @ 7.0% cap
Theoretical Best
Office A
$768.3K
$672.2K – $896.3K
NOI $53,779 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76225, TX
3,789
Population
1,460
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
105.4 sq mi
ZIP Area
36
Density / Sq Mi
$71,625
Median Household Income
$50,044
Median Earnings
$951
Median Rent
$281,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Warehouses in Wise County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Wilkins Storage — 1179 US-287, Alvord, TX 76225
Frequently Asked Questions
What type of property is this?
Warehouse - Functional industrial building with concrete flooring, gravel parking, and private well and septic service.
Where is this warehouse located?
The property is located at 1374 S Fm 1655 Alvord, TX.
What are key features of this property?
This property features: 2,184‑square‑foot metal warehouse built in 2002; Concrete floor and metal roof; Private water well and septic system
