Flex Space with Overhead
1791 Arvel Circle, Reno, TX 76020
For Sale
New
$525,000
C-2-zoned property combines workshop capacity with office areas, equipment access and a covered outdoor work area.
Property Size6,500 SF
Lot Size1.44 Acres
Price / SF$80.77
Days on Market2
Property Features for 1791 Arvel Circle
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Outdoor Storage
Warehouse & Industrial
Power
Three-Phase Power
Additional Details
Land Use
Property Use
Building Details
Building Size
Year Built
Stories
Units
Construction
Listing Agency:
The Costello Group, LLC
(817) 662-2716
Listed By:
Mark Costello · License #0666230
(225) 287-0883
Source:
Bsare
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 6:17PM
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 The Costello Group, LLC
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Investment Insights
Based on property information with market context.
This 6,500-square-foot metal shop sits on approximately 1.44 acres and is zoned C-2 Commercial District - General. The main workshop has an overhead crane, 3-phase power, 600-amp electrical service, compressed-air connections and outlets throughout key work areas. A 16-foot roll-up door and additional roll-up doors provide equipment access. The building also includes a second workshop, garage and staging area, work and storage rooms, finished office or flex rooms, restrooms, central HVAC in several office areas and an upper-level loft. A covered gravel area provides additional work and storage space.
The property is at the corner of E Reno Rd/FM 1542 and Arvel Cir in Reno, Texas. The site includes open land and room for parking, circulation and outdoor storage. Conceptual redevelopment renderings are illustrative only and subject to city approval; measurements and proposed uses are approximate, and buyers should verify zoning, utilities, measurements and intended use.
The property is at the corner of E Reno Rd/FM 1542 and Arvel Cir in Reno, Texas. The site includes open land and room for parking, circulation and outdoor storage. Conceptual redevelopment renderings are illustrative only and subject to city approval; measurements and proposed uses are approximate, and buyers should verify zoning, utilities, measurements and intended use.
Key Highlights
- Approximately 1.44 acres with a 6,500‑square‑foot metal shop
- Main workshop equipped with an overhead crane system
- 600‑amp electrical service, 3‑phase power and compressed‑air connections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,180
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,600
$663.6K
Cap Rate 7%
$474,000
$474.0K
Cap Rate 9%
$368,667
$368.7K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$52.3K $8.04/SF
− Vacancy
−$4.9K −$0.75/SF
EGI
$47.4K $7.29/SF
− OpEx
−$14.2K −$2.19/SF
NOI
$33.2K $5.10/SF
Area
Lamar County, TX
Vacancy
9.30%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,600
Cap Rate 7%
$474,000
Cap Rate 9%
$368,667
Alternative Uses
Best Use
Industrial
$474.0K
$414.8K – $553.0K
NOI $33,180 @ 7.0% cap · market cap 6.32%
Second Best
Flex RnD
$440.1K
$385.1K – $513.5K
NOI $30,810 @ 7.0% cap · market cap 5.87%
Theoretical Best
Hotel Hospitality
$4.90M
$4.28M – $5.71M
NOI $342,713 @ 7.0% cap · market cap 65.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76020, TX
33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Lamar County, TX
Properties on Market for Flex space in Lamar County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - C-2-zoned property combines workshop capacity with office areas, equipment access and a covered outdoor work area.
Where is this flex space located?
The property is located at 1791 Arvel Circle Reno, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 1.44 acres with a 6,500‑square‑foot metal shop; Main workshop equipped with an overhead crane system; 600‑amp electrical service, 3‑phase power and compressed‑air connections
