Flex Building With Covered
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 Market48
Property Features for 1742 S US Highway 287
General Information
Standard status
Active
Size
8,500 SF
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:
Yplusa
Added: Sep 1
Changed: Oct 3
Last Checked: Oct 16 at 9:06AM
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
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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 / Yr
$65,400
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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
