Flex Building With Covered
New
For Sale
$850,000
1742 S US Highway 287, Corsicana, TX 75110
Air-conditioned offices and a rear shop support administrative, storage, fabrication, and service operations.
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
CommercialSale
Additional Details
Highway Access
Yes
Office Build-Out
1,200 SF
Building Details
Buildings
1
Building Size
8,500 SF
Construction
metal building
Listing Agency:
Ebby Halliday Realtors
(903) 499-9909
Listed By:
Celestina Hillock · License #0627624
(972) 387-0300
Source:
Dallashighrisecondo
Added: Sep 1
Last Checked: Sep 1 at 9:18PM
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 flex property includes an 8,500-square-foot metal building with 1,200 square feet of air-conditioned office area and a substantially larger shop component. The office portion 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 flexibility. Metal siding and a metal roof complete the building envelope, which is currently used as a construction company headquarters.
The property is located at 1742 S US Highway 287 in Corsicana, with access just off Highway 287 and near Interstate 45. Its layout accommodates a combination of office administration, equipment storage, fabrication, and warehouse functions within one commercial facility.
The property is located at 1742 S US Highway 287 in Corsicana, with access just off Highway 287 and near Interstate 45. Its layout accommodates a combination of office administration, equipment storage, fabrication, and warehouse functions within one commercial facility.
Key Highlights
- 8,500‑square‑foot metal flex building with 1,200 square feet of air‑conditioned office space
- 2,000‑square‑foot rear carport provides covered workspace and parking flexibility
- Office area includes 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
Warehouse
$934.3K
$817.5K – $1.09M
NOI $65,400 @ 7.0% cap · market cap 7.69%
Second Best
Industrial
$778.8K
$681.5K – $908.6K
NOI $54,518 @ 7.0% cap · market cap 6.41%
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
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
148
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 Industrial 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 - Air-conditioned offices and a rear shop support administrative, storage, fabrication, and service operations.
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 with 1,200 square feet of air‑conditioned office space; 2,000‑square‑foot rear carport provides covered workspace and parking flexibility; Office area includes two offices and a reception area
