New Flex Office/Warehouse
1524 Pawling Dr Horizon City, TX 79928
1524 Pawling Dr, Horizon City, TX, 79928
Contact for pricing
For Sale
Contact for pricing
20,000 sq ft flex space in Horizon City, TX.
Property Size20,000 SF
Price / SF$174.95
Days on Market712
Property Features for 1524 Pawling Dr
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Office, Retail, Special Purpose
Building Details
- Year Built
- 2024
Listing agency
Wolf Investment Trust LLC
(915) 858-3100
Listed by
George Dipp · License #Principal
Source
Crexi
Added: Aug 9, 2024 Updated: Jul 10 at 3:41PM Checked: Jul 21 at 4:29AM
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 Wolf Investment Trust LLC
Investment Insights
Based on property information with market context.
Located at 1524 Pawling Dr in Horizon City, TX, near the intersection of Darington and Oxbow, this freestanding office and warehouse facility offers a modern aesthetic with desert landscaping. The property features a 20,000 square foot building, which is subdivided into ten 2000 square foot units. These units can be leased individually or combined to occupy the entire property. The building has a minimum ceiling height of 24 feet. Each unit includes high bay LED lighting, tall roll-up doors, industrial 3-phase power, and Carrier 7.5-ton HVAC units. A new 35-year warranty TPO roof with integrated insulation enhances energy efficiency. The property provides access to public transportation and ample on-site and street parking. The surrounding commercial area includes retailers and dining establishments such as Walmart Supercenter, Ross Dress for Less, Dollar Tree, Big Lots, PetSmart, Ulta Beauty, GameStop, Marshalls, Sally Beauty, Famous Footwear, Subway, Starbucks, Chick-fil-A, and Verizon Wireless, all within a quarter-mile radius. This flex office/warehouse space is suitable for businesses seeking a dynamic location with modern amenities and versatile configurations.
Key Highlights
- Brand new 20,000 sq ft flex office/warehouse facility divisible into ten 2,000 sq ft units, offering flexible space configurations.
- High‑quality amenities including high bay LED lighting, tall roll‑up doors, industrial 3‑phase power, and Carrier 7.5‑ton HVAC units in each unit.
- Convenient location in Horizon City, TX with easy access to public transportation and proximity to major retailers and dining establishments.
Local 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 | $150.0k | $7.50 |
| − Vacancy | −$15.1k | −$0.76 |
| EGI | $134.9k | $6.74 |
| − OpEx | −$20.2k | −$1.01 |
| NOI | $114.6k | $5.73 |
20,000 SF · lease $7.50/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,623 @ 7.0% cap · market cap 3.28%
Second Best
Flex RnD
$1.59M
$1.39M – $1.86M
NOI $111,353 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,800 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 20,000 sq ft flex space in Horizon City, TX.
Where is this flex space located?
The property is located at 1524 Pawling Dr Horizon City, TX.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Brand new 20,000 sq ft flex office/warehouse facility divisible into ten 2,000 sq ft units, offering flexible space configurations.; High‑quality amenities including high bay LED lighting, tall roll‑up doors, industrial 3‑phase power, and Carrier 7.5‑ton HVAC units in each unit.; Convenient location in Horizon City, TX with easy access to public transportation and proximity to major retailers and dining establishments.
