Mixed-Use Property with
New
For Sale
$450,000
18061 Cindys Lane, Justin, TX 76247
A manufactured home, warehouse, and storage containers are set within a fenced, truck-accessible yard.
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$112.50
Days on Market7
Property Features for 18061 Cindys Lane
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.00 Acre
Property subtype
Commercial
Zoning
Unincorporated Denton Counnty
Additional Details
Fenced Yard
Yes
Warehouse Space
1,600 SF
Property Use
Warehouse
Building Details
Building Size
4,000 SF
Year Built
2026
Buildings
1
Stories
1
Units
1
Listing Agency:
Major League Realty, Inc.
(940) 648-0382
Listed By:
D. Mark McPherson
(817) 706-3005
Source:
Jjhampton
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 4:04AM
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 Major League Realty, Inc.
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 mixed-use property includes a 4-bedroom, 2-bathroom manufactured home and a 40-by-40-foot warehouse with electric service. The home previously served as offices for a construction company. Its solid concrete foundation is complemented by a shop foundation designed for heavy-equipment work.
The 1-acre site is fenced and includes two 40-foot containers for storage. A concrete circular drive and an all-weather gravel yard provide space for truck access and outdoor use. The property is in unincorporated Denton County.
The 1-acre site is fenced and includes two 40-foot containers for storage. A concrete circular drive and an all-weather gravel yard provide space for truck access and outdoor use. The property is in unincorporated Denton County.
Key Highlights
- 1 acre with a 4‑bedroom, 2‑bathroom manufactured home
- 40‑by‑40‑foot warehouse with electric service
- Two 40‑foot storage containers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,930
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,600
$498.6K
Cap Rate 7%
$356,143
$356.1K
Cap Rate 9%
$277,000
$277.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$32.2K $8.04/SF
− Vacancy
−$2.8K −$0.71/SF
EGI
$29.3K $7.33/SF
− OpEx
−$4.4K −$1.10/SF
NOI
$24.9K $6.23/SF
Area
Denton County, TX
Vacancy
8.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,600
Cap Rate 7%
$356,143
Cap Rate 9%
$277,000
Alternative Uses
Best Use
Mixed Use
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 12.00%
Second Best
Warehouse
$356.1K
$311.6K – $415.5K
NOI $24,930 @ 7.0% cap · market cap 5.54%
Theoretical Best
Multifamily LT 5
$55.94M
$48.95M – $65.26M
NOI $3,915,639 @ 7.0% cap · market cap 870.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 76247, TX
17,178
Population
6,610
Households
2.6
Avg Household Size
36
Median Age
34%
College-Educated
97%
High-School Grad
74.4 sq mi
ZIP Area
231
Density / Sq Mi
$123,173
Median Household Income
$61,878
Median Earnings
$2,070
Median Rent
$372,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A manufactured home, warehouse, and storage containers are set within a fenced, truck-accessible yard.
Where is this mixed-use property located?
The property is located at 18061 Cindys Lane Justin, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1 acre with a 4‑bedroom, 2‑bathroom manufactured home; 40‑by‑40‑foot warehouse with electric service; Two 40‑foot storage containers
