Flex Warehouse with
1742 S US Highway 287 Corsicana, TX 75110
1742 S US Highway 287, Corsicana, TX, 75110
$850,000
For Sale
$850,000
COMMERCIAL - Corsicana, TX
Property Size8,500 SF
Lot Size1.35 Acres
Price / SF$100
Days on Market201
Property Features for 1742 S US Highway 287
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Off Street, Carport
- Security features
- Security
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1987
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Laminate
- Building materials
- MetalSiding
- Roof type
- Metal
Listing Agency
Ebby Halliday Realtors
(903) 499-9909
Forney, TX
Listed by
Celestina Hillock · License #0627624
(972) 772-1369
Added: Dec 29, 2025 Checked: Jul 18 at 5:06 am
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.
Investment Insights
Based on property information with market context.
Versatile flex warehouse property currently operating as a construction company headquarters. The 8,500 square foot metal building includes approximately 1,200 square feet of air-conditioned office space at the front, with two offices and a reception area. The rear shop area is set up for operational use and includes a break room and one bathroom within the shop.
A 2,000 square foot carport at the back provides additional covered workspace and parking flexibility. The building features a durable metal roof and metal siding, supporting industrial and service-oriented uses.
Located just off Highway 287 in Corsicana, with easy access to Interstate 45 nearby, the site is designed to accommodate employees, customers, and deliveries while offering practical on-site utility for equipment storage and fabrication or warehouse use.
A 2,000 square foot carport at the back provides additional covered workspace and parking flexibility. The building features a durable metal roof and metal siding, supporting industrial and service-oriented uses.
Located just off Highway 287 in Corsicana, with easy access to Interstate 45 nearby, the site is designed to accommodate employees, customers, and deliveries while offering practical on-site utility for equipment storage and fabrication or warehouse use.
Key Highlights
- 8,500 sq ft metal building built in 1987 with metal siding and a metal roof
- Includes 1,200 sq ft air‑conditioned office area with two offices and a reception area
- Rear shop area offers equipment storage/fabrication/warehouse use plus a break room and 1 bathroom
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Metal flex warehouse includes air-conditioned office, shop space with break room and bathroom, and a back carport.
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 metal building built in 1987 with metal siding and a metal roof; Includes 1,200 sq ft air‑conditioned office area with two offices and a reception area; Rear shop area offers equipment storage/fabrication/warehouse use plus a break room and 1 bathroom
