Flex Building with Office and
New
For Sale
$850,000
1742 S Us Highway 287, Corsicana, TX 75110
Metal construction includes dedicated office and rear shop areas.
Property Size8,500 SF
Price / SF$100
Days on Market2
Property Features for 1742 S Us Highway 287
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Office Build-Out
1,200 SF
Building Details
Building Size
8,500 SF
Year Built
1987
Buildings
1
Stories
1
Units
2
Construction
metal
Listing Agency:
Ebby Halliday Realtors
(903) 654-8821
Listed By:
Celestina Hillock · License #0627624
(903) 654-8821
Source:
1111brokerage
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 9:05AM
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-square-foot flex property combines 1,200 square feet of air-conditioned office space with a substantial rear shop area. The front office component contains two private offices and a reception area, while the shop includes a break room and one bathroom. A 2,000-square-foot rear carport adds covered workspace and parking capacity. Metal siding and a metal roof provide the building’s primary exterior construction, and the property was built in 1987.
The site is located at 1742 S US Highway 287 in Corsicana, Texas, just off Highway 287 and down the road from Interstate 45. Commercial zoning and the combination of office, shop, and covered outdoor areas support construction, industrial, warehouse, and service-oriented operations.
The site is located at 1742 S US Highway 287 in Corsicana, Texas, just off Highway 287 and down the road from Interstate 45. Commercial zoning and the combination of office, shop, and covered outdoor areas support construction, industrial, warehouse, and service-oriented operations.
Key Highlights
- 8,500‑square‑foot metal flex building constructed in 1987
- 1,200 square feet of air‑conditioned office space
- Front office area with two offices and a reception area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,308,000
$1.3M
Cap Rate 7%
$934,286
$934.3K
Cap Rate 9%
$726,667
$726.7K
Market Conditions
NOI Build-Up for 8,500 SF
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.
Gross rent
$85.7K $10.08/SF
− Vacancy
−$8.7K −$1.03/SF
EGI
$76.9K $9.05/SF
− OpEx
−$11.5K −$1.36/SF
NOI
$65.4K $7.69/SF
Area
Navarro County, TX
Vacancy
10.20%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,308,000
Cap Rate 7%
$934,286
Cap Rate 9%
$726,667
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Metal construction includes dedicated office and rear shop areas.
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‑square‑foot metal flex building constructed in 1987; 1,200 square feet of air‑conditioned office space; Front office area with two offices and a reception area
