Versatile Commercial Property in
1742 S Us Highway 287 Corsicana, TX 75110
For Sale
$850,000
8,500 sq ft commercial property with office and shop space.
Property Size8,500 SF
Price / SF$100
Days on Market97
Property Features for 1742 S Us Highway 287
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing Agency:
Ebby Halliday Realtors
(972) 387-0300
Listed By:
Celestina Hillock · License #0627624
(903) 654-8821
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 17 at 9:15AM
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 Ebby Halliday Realtors
Investment Insights
Based on property information with market context.
This 8,500 sq ft commercial property is currently operating as a construction company headquarters. The metal building includes 1,200 sq ft of air-conditioned office space, featuring two offices and a reception area. The rear of the building houses a large shop area suitable for equipment storage, fabrication, or warehouse use, and includes a break room and one bathroom. A 2,000 sq ft carport at the back provides additional covered workspace and parking. Constructed with a metal roof and metal siding, the property is suited for industrial, construction, or service-based businesses. The property is located just off Highway 287 in Corsicana, near Interstate 45, offering visibility and access for employees, customers, and deliveries. This property is suitable for businesses seeking space, accessibility, and durability.
Key Highlights
- 8,500 sq ft commercial building with 1,200 sq ft of air‑conditioned office space.
- Excellent location with high visibility and easy access to Highway 287 and Interstate 45.
- Large shop area suitable for equipment storage, fabrication, or warehouse use.
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 | $85.7k | $10.08 |
| − Vacancy | −$8.7k | −$1.03 |
| EGI | $76.9k | $9.05 |
| − OpEx | −$11.5k | −$1.36 |
| NOI | $65.4k | $7.69 |
8,500 SF · lease $10.08/SF/yr · vacancy 10.20% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.03M
$1.78M – $2.37M
NOI $142,180 @ 7.0% cap · market cap 16.73%
Second Best
Warehouse
$934.3K
$817.5K – $1.09M
NOI $65,400 @ 7.0% cap · market cap 7.69%
Theoretical Best
Multifamily LT 5
$93.38M
$81.71M – $108.94M
NOI $6,536,697 @ 7.0% cap · market cap 769.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - 8,500 sq ft commercial property with office and shop space.
Where is this flex space located?
The property is located at 1742 S Us Highway 287 Corsicana, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8,500 sq ft commercial building with **1,200 sq ft of air‑conditioned office space**.; **Excellent location** with high visibility and easy access to Highway 287 and Interstate 45.; Large shop area suitable for equipment storage, fabrication, or warehouse use.
