Two-Workshop Flex
New
For Sale
$344,900
1805 Lot 2 East Lufkin Avenue, Lufkin, TX 75901
Two workshop buildings provide multiple large access points for equipment movement.
Property Size4,625 SF
Lot Size1.47 Acres
Price / SF$74.57
Days on Market6
Property Features for 1805 Lot 2 East Lufkin Avenue
General Information
Standard status
Active
Size
4,625 SF
Lot size
1.47 Acres
Property subtype
Commercial
Zoning
Luf
Additional Details
Property Use
Workshop
Building Details
Building Size
4,625 SF
Year Built
1984
Buildings
2
Listing Agency:
Century 21 Cota Realty
(936) 632-2121
Listed By:
Marisol Macias · License #TREC 0687939
(936) 221-6771
Source:
Lizmcclurgrealtors
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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 Century 21 Cota Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains two workshop buildings on a 1.47-acre parcel. The front building measures 3,000 square feet, while the rear building contains 1,625 square feet, for a combined 4,625 square feet. Multiple large access points support the movement of equipment between the buildings and the site.
The property is located on East Lufkin Avenue in Lufkin, Texas, and was built in 1984. Zoning is listed as Luf.
The property is located on East Lufkin Avenue in Lufkin, Texas, and was built in 1984. Zoning is listed as Luf.
Key Highlights
- Two workshop buildings on 1.47 acres
- Front building: 3,000 square feet
- Rear building: 1,625 square feet per CAD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,906
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,120
$458.1K
Cap Rate 7%
$327,229
$327.2K
Cap Rate 9%
$254,511
$254.5K
Market Conditions
NOI Build-Up for 4,625 SF
Gross rent
$37.2K $8.04/SF
− Vacancy
−$4.5K −$0.96/SF
EGI
$32.7K $7.08/SF
− OpEx
−$9.8K −$2.12/SF
NOI
$22.9K $4.95/SF
Area
Angelina County, TX
Vacancy
12.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,120
Cap Rate 7%
$327,229
Cap Rate 9%
$254,511
Alternative Uses
Best Use
Flex RnD
$558.7K
$488.9K – $651.8K
NOI $39,110 @ 7.0% cap · market cap 11.34%
Second Best
Industrial
$327.2K
$286.3K – $381.8K
NOI $22,906 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,244 @ 7.0% cap · market cap 26.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75901, TX
28,373
Population
11,290
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
178
Density / Sq Mi
$59,083
Median Household Income
$35,479
Median Earnings
$1,085
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two workshop buildings provide multiple large access points for equipment movement.
Where is this flex space located?
The property is located at 1805 Lot 2 East Lufkin Avenue Lufkin, TX.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Two workshop buildings on 1.47 acres; Front building: 3,000 square feet; Rear building: 1,625 square feet per CAD
