Flex Building with Covered
For Sale
$850,000
1742 S US Highway 287, Corsicana, TX 75110
CommercialSale, Corsicana, TX
Property Size8,500 SF
Lot Size1.35 Acres
Price / SF$100
Days on Market293
Property Features for 1742 S US Highway 287
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Carport, Off Street
Security features
Security
Subdivision
Corsicana
Directions
Refer to GPS. SOP
Standard status
Active
APN
49428
Size
8,500 SF
Lot size
1.35 Acres
Taxes and HOA fees
Tax Description
C0000 CORSICANA BLK 1326 LOT 8A 1.35 ACRES
Tax Annual Amount
4550
Legal Description
C0000 CORSICANA BLK 1326 LOT 8A 1.35 ACRES
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Laminate, Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Ebby Halliday Realtors
(903) 499-9909
Listed By:
Celestina Hillock
(972) 772-1369
Added: Dec 29, 2025
Changed: Sep 15
Last Checked: Oct 18 at 11:06AM
MLS# 21137086
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8,500-square-foot flex property includes 1,200 square feet of air-conditioned office area, with two private offices and a reception space at the front. The rear portion is configured as a shop with a break room and bathroom, while a 2,000-square-foot carport adds covered work or parking capacity. Metal siding, a metal roof, tile and laminate flooring, central heating, and central air are among the existing improvements. The property was built in 1987 and is currently used as a construction company headquarters.
The 1.35-acre site is positioned just off Highway 287 in Corsicana, with Interstate 45 located down the road. Public water and public sewer serve the property. Off-street parking and the rear carport support day-to-day business operations, equipment storage, and deliveries.
The 1.35-acre site is positioned just off Highway 287 in Corsicana, with Interstate 45 located down the road. Public water and public sewer serve the property. Off-street parking and the rear carport support day-to-day business operations, equipment storage, and deliveries.
Key Highlights
- 8,500‑square‑foot metal flex building on a 1.35‑acre site
- 1,200 square feet of air‑conditioned office space with two offices and reception area
- Rear shop includes break room and one bathroom
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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Property Analytics
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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 - Metal construction combines administrative offices with a rear shop and service-oriented layout.
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 on a 1.35‑acre site; 1,200 square feet of air‑conditioned office space with two offices and reception area; Rear shop includes break room and one bathroom
