Flex Property with Detached
New
For Sale
$670,000
1610 John Redditt Drive, Lufkin, TX 75904
The main building combines showroom, office, and warehouse areas with a separate office-and-warehouse structure behind it.
Property Size12,000 SF
Price / SF$55.83
Days on Market6
Property Features for 1610 John Redditt Drive
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Zoning
Luf
Additional Details
Road Access
Yes
Property Use
Industrial
Building Details
Year Built
1987
Buildings
2
Listing Agency:
GANN MEDFORD Real Estate, Inc.
(936) 634-8888
Listed By:
Ben Moore · License #TREC 0624969
(936) 635-6061
Source:
Lizmcclurgrealtors
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:51AM
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 GANN MEDFORD Real Estate, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property includes a 4,000-square-foot building with showroom, office, and warehouse areas, plus an 8,000-square-foot detached building with office and warehouse space. The property was built in 1987 and is not currently leased.
The site occupies a signalized corner with access from North John Redditt Drive and Lotus Lane. The reported annual average daily traffic count is 20,000.
The site occupies a signalized corner with access from North John Redditt Drive and Lotus Lane. The reported annual average daily traffic count is 20,000.
Key Highlights
- 4,000 SF primary building with showroom, office, and warehouse space
- Detached 8,000 SF warehouse and office building
- Signalized corner with access from North John Redditt Dr. and Lotus Lane
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,432
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,640
$1.2M
Cap Rate 7%
$849,029
$849.0K
Cap Rate 9%
$660,356
$660.4K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$96.5K $8.04/SF
− Vacancy
−$11.6K −$0.96/SF
EGI
$84.9K $7.08/SF
− OpEx
−$25.5K −$2.12/SF
NOI
$59.4K $4.95/SF
Area
Angelina County, TX
Vacancy
12.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,640
Cap Rate 7%
$849,029
Cap Rate 9%
$660,356
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.71M
NOI $162,543 @ 7.0% cap · market cap 24.26%
Second Best
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,476 @ 7.0% cap · market cap 15.15%
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,741 @ 7.0% cap · market cap 35.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75904, TX
34,680
Population
14,829
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
88%
High-School Grad
160.5 sq mi
ZIP Area
216
Density / Sq Mi
$59,325
Median Household Income
$36,711
Median Earnings
$1,086
Median Rent
$173,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The main building combines showroom, office, and warehouse areas with a separate office-and-warehouse structure behind it.
Where is this flex space located?
The property is located at 1610 John Redditt Drive Lufkin, TX.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 4,000 SF primary building with showroom, office, and warehouse space; Detached 8,000 SF warehouse and office building; Signalized corner with access from North John Redditt Dr. and Lotus Lane
