1551 County Road 221, Florence, TX 76527
Two flex buildings near US-183 and TX-138 in Florence, TX.
- Added:
- Feb 2, 2026
- Days on Market:
- 151
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1551 County Road 221
General Information
- Standard status
- Active
- Size
- 10,700 SF
- Property subtype
- Industrial, Land, Mixed Use, Special Purpose
Listing office iRealty Commercial (512) 743-1488
Listing date Feb 2, 2026
Source Crexi
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 iRealty Commercial
HighLights
- Strategic location: Just 0.6 miles from US‑183 and 1.2 miles from TX‑138.
- Two flex buildings: Featuring office and warehouse space, built in 2022.
- Low tax rate: Benefit from a low 1.604% tax rate.
- Proximity to FireFly Aerospace: Less than 5 miles (6‑minute drive).
- Well‑landscaped setting.
- Easy access to Hwy 195 via TX‑138.
Overview
Local Financial Insights For Office B
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 | $449.4k | $42.00 |
| − Vacancy | −$109.2k | −$10.21 |
| EGI | $340.2k | $31.79 |
| − OpEx | −$85.0k | −$7.95 |
| NOI | $255.1k | $23.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Williamson
- State
- Texas
- Longitude
- -97.89136
- Latitude
- 30.825262
