Flex Space with Overhead
1791 Arvel Circle, Reno, TX 76020
For Sale
$525,000
CommercialSale, Reno, TX
Property Size6,500 SF
Lot Size1.44 Acres
Price / SF$80.77
Days on Market49
Property Features for 1791 Arvel Circle
General Information
Property type
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Zoning description
Parking features
Subdivision
Lot features
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Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
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Sewer type
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Building Details
Year built
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Number of units
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Building materials
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Listing Agency:
The Costello Group, LLC
(817) 662-2716
Listed By:
Mark Costello · License TX #0666230
(225) 287-0883
Added: Sep 23
Changed: Oct 29
Last Checked: Nov 10 at 10:06PM
MLS# 21387146
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 6,500-square-foot flex property at 1791 Arvel Circle includes a metal building constructed in 1983 on 1.437 acres. The improvements feature a primary workshop with an overhead crane, 3-phase power, 600-amp electrical service, compressed-air connections, and multiple roll-up doors, including one measuring 16 feet. A second workshop, garage, staging area, work and storage rooms, finished office or flex rooms, restrooms, central HVAC in several office areas, and an upper-level loft add functional variety. The property also includes a covered gravel area for work or storage, oversized and covered parking, a driveway, and RV parking.
The site is positioned at the corner of E Reno Rd FM 1542 and Arvel Cir in Reno, TX, with frontage, open land, and room for parking, circulation, outdoor storage, or future commercial development. It is zoned C-2 Commercial District - General, served by public water and a septic tank, and has a metal roof with concrete flooring.
The site is positioned at the corner of E Reno Rd FM 1542 and Arvel Cir in Reno, TX, with frontage, open land, and room for parking, circulation, outdoor storage, or future commercial development. It is zoned C-2 Commercial District - General, served by public water and a septic tank, and has a metal roof with concrete flooring.
Key Highlights
- 1.437‑acre C‑2‑zoned flex property in Reno, TX
- 6,500‑square‑foot metal building constructed in 1983
- Main workshop includes an overhead crane, 3‑phase power, and 600‑amp electrical service
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
Office A
$2.29M
$2.00M – $2.67M
NOI $160,056 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Balanced
Demand for This Use
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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
$272,800
Median Home Value
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Market
Average Price Trend$/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 - Metal commercial building with workshop, office, storage, and outdoor work areas on a C-2-zoned site.
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: 1.437‑acre C‑2‑zoned flex property in Reno, TX; 6,500‑square‑foot metal building constructed in 1983; Main workshop includes an overhead crane, 3‑phase power, and 600‑amp electrical service
