Building Details

Year Built 2012

Listing Agency: Kelly, Realtors

Listed By: Nathan Embry · License #668380 Show Phone

Source: Yourdavisteam

Added: Aug 23 Changed: Oct 6 Last Checked: Oct 7 at 2:44PM

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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 Kelly, Realtors

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Investment Insights

Based on property information with market context.

This industrial property consists of a building constructed in 2012 with 100% spray foam insulation. The building fronts Highway 6, providing a defined position along the highway corridor.

The property is located near Downtown Valley Mills at 18243 N Highway 6 in Valley Mills, Texas.

Key Highlights

• 100% spray foam insulation
• Constructed in 2012
• Highway 6 frontage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,195

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$883,900 $883.9K

Cap Rate 7%

$631,357 $631.4K

Cap Rate 9%

$491,056 $491.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$69.0K $13.80/SF

− Vacancy

−$5.9K −$1.17/SF

EGI

$63.1K $12.63/SF

− OpEx

−$18.9K −$3.79/SF

NOI

$44.2K $8.84/SF

Area

Bosque County, TX

Vacancy

8.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$883,900

Cap Rate 7%

$631,357

Cap Rate 9%

$491,056

Alternative Uses

Best Use

Industrial

$631.4K

$552.4K – $736.6K (±1% cap)

NOI $44,195 @ 7.0% cap · market cap 8.42%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,340 @ 7.0% cap · market cap 17.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Auto Repair Shop HVAC Service Real Estate Agency Plumbing Service Grocery & Convenience Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 76689, TX

3,991

Population

1,782

Households

2.2

Avg Household Size

42

Median Age

20%

College-Educated

91%

High-School Grad

223.9 sq mi

ZIP Area

18

Density / Sq Mi

$76,250

Median Household Income

$46,881

Median Earnings

$1,135

Median Rent

$228,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Updated Office Building with Flex Space

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Frequently Asked Questions

What type of property is this?

Industrial property - A 2012 industrial building with full spray foam insulation and Highway 6 frontage near Downtown Valley Mills.

Where is this industrial property located?

The property is located at 18243 N Highway 6 Valley Mills, 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: 100% spray foam insulation; Constructed in 2012; Highway 6 frontage