Versatile Commercial Property on 3+
15377 N State Highway 34, Terrell, TX 75161
New
Business - Terrell, TX
Type:Business
Property size:
6,800 SFLot size:
3.33 AcresPrice / SF:
$235/SF- Added:
- May 21, 2026
- Days on Market:
- 3
- Last Refresh:
- May 23 at 3:06 pm
Property Features for 15377 N State Highway 34
General Information
- Property type
- Commercial Sale
- Property subtype
- Business
- Parking features
- Carport, Covered, Driveway, Parking Lot, Paved or Surfaced
- Standard status
- Active
- APN
- 71705
- Size
- 6,800 SF
- Lot size
- 3.33 Acres
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2018
- Flooring type
- Concrete
- Building materials
- Metal Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Andy Villarreal License #0836718 (972) 212-5206
Listing office Bradford Elite Real Estate LLC 1215 Arista Dr 102, Rockwall, TX (972) 212-5206
Listing date May 21, 2026
MLS# 21178860
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Highway frontage on Texas State Highway 34, offering high visibility and accessibility.
- Two buildings: 1,800 sq ft front building with office, garage bay, storage, bathroom, and covered parking; and a 5,000 sq ft insulated building with bathroom and shower.
- 3+ acre lot with asphalt parking, a large crushed‑concrete area, and a pond.
- Secured with tall iron fencing on the front and sides.
- Convenient location: 2 miles north of Terrell off U.S. Route 80 and minutes from Greenville.
- Versatile property suitable for a trucking company, auto sales, automotive shop, tire shop, or other business.
Overview
This commercial property, situated on over 3 acres, offers versatile potential. The front building, constructed in 2019, provides 1,800 sq ft of usable space, including a garage bay, covered parking across the entire front, a large office area, a storage room, and a bathroom. An additional 5,000 sq ft insulated building, also built in 2019, offers further usable space and includes an additional bathroom and shower. The property is positioned on spacious land with a pond at the back. Asphalt parking surrounds the building, and a large crushed-concrete area is suitable for truck or vehicle parking. Tall iron fencing secures the front and sides of the property. With frontage on Texas State Highway 34, the location is suitable for a small trucking company, auto sales lot, automotive shop, tire shop, or a range of other business opportunities. The property is located just 2 miles north of Terrell off U.S. Route 80 and minutes from Greenville.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.26M
NOI $113,463 @ 9.00% cap · cautious / downside scenario
Moderate
$1.62M
NOI $113,463 @ 7.00% cap · market / base-case scenario
Aggressive
$2.27M
NOI $113,463 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.7k | $24.96 |
| − Vacancy | −$7.6k | −$1.12 |
| EGI | $162.1k | $23.84 |
| − OpEx | −$48.6k | −$7.15 |
| NOI | $113.5k | $16.69 |
6,800 SF · lease $24.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,463 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$625.1K
$547.0K – $729.3K
NOI $43,759 @ 7.0% cap · market cap 2.73%
Theoretical Best
Multifamily LT 5
$85.58M
$74.88M – $99.84M
NOI $5,990,674 @ 7.0% cap · market cap 374.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Location Insight
- Map
- Local Demand
- City
- Terrell
- County
- Kaufman
- State
- Texas
- Longitude
- -96.252392
- Latitude
- 32.769689
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - Commercial property with highway frontage, ideal for various business opportunities.
Where is this automotive property located?
The property is located at 15377 N State Highway 34 Terrell, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Highway frontage on Texas State Highway 34, offering high visibility and accessibility.; Two buildings: **1,800 sq ft front building** with office, garage bay, storage, bathroom, and covered parking; and a **5,000 sq ft insulated building** with bathroom and shower.; 3+ acre lot with asphalt parking, a large crushed‑concrete area, and a pond.
