Multi-Tenant Industrial
1500 S Interstate 35 E Lancaster, TX 75146
For Sale
Contact for pricing
Multi-tenant industrial asset totaling 114,440 SF, located along I-35E in Lancaster, Texas.
Property Size114,440 SF
Price / SF$117.97
Days on Market16
Property Features for 1500 S Interstate 35 E
General Information
Standard status
Active
Size
114,440 SF
Property subtype
INDUSTRIAL
Listing Agency:
SLJ Company, LLC
(214) 520-8818
Listed By:
Ty Underwood · License #419172
Source:
Moodyscre
Added: Jul 15
Changed: Jul 26
Last Checked: Jul 29 at 4:10PM
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 SLJ Company, LLC
Investment Insights
Based on property information with market context.
Still Meadow Industrial Park is a multi-tenant, small-bay industrial asset totaling 114,440 square feet. The property is offered for sale and is designed for multiple tenants within a warehouse setting.
The project is located along I-35E at 1500 S Interstate 35 E in Lancaster, Texas, providing direct placement within an active industrial corridor.
According to the seller, the offering includes near-term value-add potential and is paired with attractive seller financing.
The project is located along I-35E at 1500 S Interstate 35 E in Lancaster, Texas, providing direct placement within an active industrial corridor.
According to the seller, the offering includes near-term value-add potential and is paired with attractive seller financing.
Key Highlights
- 114,440‑square‑foot, multi‑tenant small‑bay industrial asset
- Located along I‑35E in Lancaster, Texas
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $929.3k | $8.12 |
| − Vacancy | −$81.8k | −$0.71 |
| EGI | $847.5k | $7.41 |
| − OpEx | −$127.1k | −$1.11 |
| NOI | $720.4k | $6.29 |
114,440 SF · lease $8.12/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$10.29M
$9.00M – $12.01M
NOI $720,357 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1,371.75M
$1,200.28M – $1,600.38M
NOI $96,022,656 @ 7.0% cap · market cap 711.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Rest easy and everything — 901 n beckley ave, desoto, tx 75115
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant industrial asset totaling 114,440 SF, located along I-35E in Lancaster, Texas.
Where is this warehouse located?
The property is located at 1500 S Interstate 35 E Lancaster, TX.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 114,440‑square‑foot, multi‑tenant small‑bay industrial asset; Located along I‑35E in Lancaster, Texas
