For Sale
Contact for pricing
1756 US-380, Decatur, TX 76234
Warehouses
Property Size6,000 SF
Price / SF$150
Days on Market1034
Property Features for 1756 US-380
General Information
Standard status
Active
Size
6,000 SF
Class
A
Property subtype
Industrial
Zoning
Industrial / commercial
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2021
Year Renovated
2025
Stories
1
Listing Agency:
Colonial Commercial Real Estate LLC
(817) 632-6200
Listed By:
Michael Berkowitz · License #9001810
Source:
Crexi
Added: Oct 25, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:03AM
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 Colonial Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location on East Highway 380 offering high visibility and accessibility.
- Large 6,000 SF industrial space suitable for warehouse or storage.
- Vacant and ready for immediate occupancy and customization.
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
$38,749
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
4.31%
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%
$774,980
$775.0K
Cap Rate 7%
$553,557
$553.6K
Cap Rate 9%
$430,544
$430.5K
Market Conditions
NOI Build-Up for 6,000 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
$48.2K $8.04/SF
− Vacancy
−$2.7K −$0.44/SF
EGI
$45.6K $7.60/SF
− OpEx
−$6.8K −$1.14/SF
NOI
$38.7K $6.46/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /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%
$774,980
Cap Rate 7%
$553,557
Cap Rate 9%
$430,544
Alternative Uses
Best Use
Warehouse
$553.6K
$484.4K – $645.8K
NOI $38,749 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$455.9K
$398.9K – $531.9K
NOI $31,911 @ 7.0% cap · market cap 3.55%
Theoretical Best
Hotel Hospitality
$4.52M
$3.95M – $5.27M
NOI $316,350 @ 7.0% cap · market cap 35.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76234, TX
18,755
Population
8,047
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
314.0 sq mi
ZIP Area
60
Density / Sq Mi
$88,083
Median Household Income
$45,137
Median Earnings
$1,358
Median Rent
$304,300
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.
Similar Off Market Nearby
- Texas Pro Lease — 2958 US-380, Decatur, TX 76234
- DFT Self Storage — 2848 US-380, Decatur, TX 76234
- DSSI Warehouse & Storage — 2848 US-380, Decatur, TX 76234
Frequently Asked Questions
Where is this warehouse located?
The property is located at 1756 US-380 Decatur, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime location on East Highway 380 offering high visibility and accessibility.; Large 6,000 SF industrial space suitable for warehouse or storage.; Vacant and ready for immediate occupancy and customization.
