Commercial Land with
For Sale
$900,000
Pending
17791 State Highway 155 S, Flint, TX 75762
Commercial development land on a corner lot with utilities available for an existing cabin on Hwy 155 S.
Property Size1,512 SF
Days on Market91
Property Features for 17791 State Highway 155 S
General Information
Standard status
Pending
Size
1,512 SF
Taxes and HOA fees
Annual Taxes
$2,071
Listing Agency:
Keller Williams Realty-Tyler
(469) 369-3211
Listed By:
Jaci Purselley
(469) 369-3211
Source:
Exprealty
Added: May 14
Changed: Aug 12
Last Checked: Aug 12 at 12:26PM
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 Keller Williams Realty-Tyler
Investment Insights
Based on property information with market context.
Commercial land offering a corner-lot setting at 17791 State Highway 155 S in Flint, TX. The parcel totals 5.489 acres and is positioned for a range of commercial development concepts.
A cabin on the Hwy 155 S side is a little over 1500 sq feet and has water, electric, and septic available. The parcel is also described as convenient to area access, including roughly 10 minutes to Lake Palestine, 9 minutes to Loop 323, 3 minutes to Loop 49, 18 minutes to downtown Tyler, and about 20 minutes to Interstate 20.
Survey will be required to purchase, which is an important planning item for any development or due-diligence timeline.
A cabin on the Hwy 155 S side is a little over 1500 sq feet and has water, electric, and septic available. The parcel is also described as convenient to area access, including roughly 10 minutes to Lake Palestine, 9 minutes to Loop 323, 3 minutes to Loop 49, 18 minutes to downtown Tyler, and about 20 minutes to Interstate 20.
Survey will be required to purchase, which is an important planning item for any development or due-diligence timeline.
Key Highlights
- 5.489‑acre corner‑lot commercial development parcel at 17791 State Highway 155 S
- Cabin on Hwy 155 S side is a little over 1500 sq feet
- Water, electric, and septic available to the cabin
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
$27,116
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
3.01%
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%
$542,320
$542.3K
Cap Rate 7%
$387,371
$387.4K
Cap Rate 9%
$301,289
$301.3K
Market Conditions
NOI Build-Up for 1,512 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
$37.7K $24.96/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$36.2K $23.91/SF
− OpEx
−$9.0K −$5.98/SF
NOI
$27.1K $17.93/SF
Area
Smith County, TX
Vacancy
4.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$542,320
Cap Rate 7%
$387,371
Cap Rate 9%
$301,289
Alternative Uses
Best Use
Specialty Retail
$387.4K
$339.0K – $451.9K
NOI $27,116 @ 7.0% cap · market cap 3.01%
Second Best
Retail
$290.9K
$254.5K – $339.4K
NOI $20,361 @ 7.0% cap · market cap 2.26%
Theoretical Best
Hotel Hospitality
$1.14M
$996.5K – $1.33M
NOI $79,720 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
3,945 visits/mo
0.2 miles
Demographics for 75762, TX
13,923
Population
6,052
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
97%
High-School Grad
44.7 sq mi
ZIP Area
311
Density / Sq Mi
$91,429
Median Household Income
$47,587
Median Earnings
$1,201
Median Rent
$283,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial development land on a corner lot with utilities available for an existing cabin on Hwy 155 S.
Where is this commercial land located?
The property is located at 17791 State Highway 155 S Flint, 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: 5.489‑acre corner‑lot commercial development parcel at 17791 State Highway 155 S; Cabin on Hwy 155 S side is a little over 1500 sq feet; Water, electric, and septic available to the cabin
