Industrial Distribution and Manufacturing
For Sale
Contact for pricing
1850 N STEMMONS ST, Sanger, TX 76266
Vacant 43,179 SF warehouse on 4 acres with 23’ clear height, 1 dock door, and 5 drive-in doors plus built-in office.
Property Size43,179 SF
Price / SF$94.95
Days on Market131
Property Features for 1850 N STEMMONS ST
General Information
Standard status
Active
Size
43,179 SF
Class
C
Property subtype
Industrial
Zoning
Heavy Industrial
Investment Type
Owner/User
Building Details
Year Built
2002
Buildings
1
Stories
2
Units
1
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License #0225268974
Source:
Crexi
Added: Apr 30
Changed: Sep 5
Last Checked: Sep 5 at 7:00AM
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 IronHorn Enterprises
Investment Insights
Based on property information with market context.
1850 N Stemmons is a vacant industrial facility totaling 43,179 SF on 4 acres, available for immediate occupancy. The building offers 23’ clear height, with 1 dock door and 5 drive-in doors to support a variety of distribution, service, and light manufacturing layouts. The operational mix includes approximately 22.20% office space.
The property is positioned along the North Stemmons (I-35E) corridor, providing direct access to a major DFW logistics route. Connectivity is available to I-635 and SH-121, and the location offers proximity to Dallas Love Field and DFW International Airport.
Designed for flexibility, the facility combines multiple loading types with a meaningful office component, making it suitable for organizations that need both warehouse throughput and on-site administrative space.
The property is positioned along the North Stemmons (I-35E) corridor, providing direct access to a major DFW logistics route. Connectivity is available to I-635 and SH-121, and the location offers proximity to Dallas Love Field and DFW International Airport.
Designed for flexibility, the facility combines multiple loading types with a meaningful office component, making it suitable for organizations that need both warehouse throughput and on-site administrative space.
Key Highlights
- Vacant industrial building totaling 43,179 SF on 4 acres, built in 2002
- 23’ clear height warehouse with 1 dock door and 5 drive‑in doors
- Built‑in office space comprising 22.20% of the total area for a balanced layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$269,118
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,382,360
$5.4M
Cap Rate 7%
$3,844,543
$3.8M
Cap Rate 9%
$2,990,200
$3.0M
Market Conditions
NOI Build-Up for 43,179 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$347.2K $8.04/SF
− Vacancy
−$30.6K −$0.71/SF
EGI
$316.6K $7.33/SF
− OpEx
−$47.5K −$1.10/SF
NOI
$269.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,382,360
Cap Rate 7%
$3,844,543
Cap Rate 9%
$2,990,200
Alternative Uses
Best Use
Warehouse
$3.84M
$3.36M – $4.49M
NOI $269,118 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$3.17M
$2.77M – $3.69M
NOI $221,626 @ 7.0% cap · market cap 5.41%
Theoretical Best
Multifamily LT 5
$603.83M
$528.35M – $704.47M
NOI $42,268,344 @ 7.0% cap · market cap 1,030.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76266, TX
16,779
Population
7,211
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
122.1 sq mi
ZIP Area
137
Density / Sq Mi
$95,603
Median Household Income
$49,622
Median Earnings
$1,345
Median Rent
$315,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- StorageNow USA — 1309 N Stemmons St, Sanger, TX 76266
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant 43,179 SF warehouse on 4 acres with 23’ clear height, 1 dock door, and 5 drive-in doors plus built-in office.
Where is this warehouse located?
The property is located at 1850 N STEMMONS ST Sanger, TX.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Vacant industrial building totaling 43,179 SF on 4 acres, built in 2002; 23’ clear height warehouse with 1 dock door and 5 drive‑in doors; Built‑in office space comprising 22.20% of the total area for a balanced layout
