Building Details

Construction concrete

Listing Agency: League Real Estate n***@leaguere.com Show Phone

Listed By: Kalyn Mckittrick · License #0655035 Show Phone

Source: Lonestarluxuryrealty

Added: Sep 1 Changed: Oct 3 Last Checked: Oct 16 at 8:27AM

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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 League Real Estate

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Investment Insights

Based on property information with market context.

This flex-space offering combines approximately 7,500 SF of Class B industrial improvements with an adjacent residential property. The main facility at 1600 FM 3433 has six overhead doors, approximately 1,300 SF of finished office area, a kitchenette, half bath, loft storage, industrial shelving, air-compressor plumbing connections, and structural beams prepared for crane equipment. Concrete construction, metal siding, an on-site water well, sewer service, and substantial parking further support the property’s operating functionality. A separate 20' x 50' shed provides five stalls and approximately 200 SF of finished space with electrical service.

The property is positioned along FM 3433, approximately 1,600 feet north of the FM 718 intersection. The offering also includes 1615 FM 3433, adding approximately 1.475 acres, two water wells, and three septic systems. A tenant’s lease expires in 2027, after which owner occupancy is identified as an option.

Key Highlights

• Approximately 7,500 SF of Class B industrial improvements on approximately 0.337 acres
• Six overhead doors plus approximately 1,300 SF of finished office space
• 20' x 50' five‑stall shed with approximately 200 SF of finished, electrically equipped space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,436

Cap Rate

6.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,720 $968.7K

Cap Rate 7%

$691,943 $691.9K

Cap Rate 9%

$538,178 $538.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,500 SF

Gross rent

$60.3K $8.04/SF

− Vacancy

−$3.3K −$0.44/SF

EGI

$57.0K $7.60/SF

− OpEx

−$8.5K −$1.14/SF

NOI

$48.4K $6.46/SF

Area

Wise County, TX

Vacancy

5.50%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,720

Cap Rate 7%

$691,943

Cap Rate 9%

$538,178

Alternative Uses

Best Use

Warehouse

$691.9K

$605.5K – $807.3K (±1% cap)

NOI $48,436 @ 7.0% cap · market cap 6.46%

Second Best

Industrial

$569.8K

$498.6K – $664.8K (±1% cap)

NOI $39,888 @ 7.0% cap · market cap 5.32%

Theoretical Best

Hotel Hospitality

$5.65M

$4.94M – $6.59M (±1% cap)

NOI $395,438 @ 7.0% cap · market cap 52.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store HVAC Service Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

107

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 76071, TX

4,220

Population

1,579

Households

2.7

Avg Household Size

37

Median Age

16%

College-Educated

83%

High-School Grad

8.9 sq mi

ZIP Area

474

Density / Sq Mi

$102,654

Median Household Income

$53,084

Median Earnings

$1,253

Median Rent

$286,500

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Concrete construction, overhead access, office space, and auxiliary storage support varied commercial operations.

Where is this flex space located?

The property is located at 1600 FM 3433 Newark, TX.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Approximately 7,500 SF of Class B industrial improvements on approximately 0.337 acres; Six overhead doors plus approximately 1,300 SF of finished office space; 20' x 50' five‑stall shed with approximately 200 SF of finished, electrically equipped space