Three-Bay Flex
For Sale
$330,000
18789 County Road 178, Flint, TX 75762
Commercial property with office space, climate control, multiple bay doors, and two full bathrooms supports varied operations.
Property Size3,200 SF
Lot Size0.50 Acres
Price / SF$103.13
Days on Market89
Property Features for 18789 County Road 178
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.50 Acres
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
3,200 SF
Listing Agency:
Burns Commercial Properties
(903) 534-1200
Listed By:
Mark Whatley, CCIM · License #423898
Source:
Commercialcafe
Added: Jun 3
Changed: Aug 29
Last Checked: Jun 25 at 12:41PM
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 Burns Commercial Properties
Investment Insights
Based on property information with market context.
This 3,200 SF flex property occupies approximately 0.5 acres and combines functional operating space with dedicated office improvements. Three bay doors support equipment access and workflow, while the office area includes heating and air conditioning. Two full bathrooms add practical capacity for a range of business configurations.
Located outside the city limits in Flint, the property has highway frontage and convenient access for customers, employees, and deliveries. Its configuration is suited to industrial, automotive, storage, and service-based operations, with a layout that can accommodate owner-users or investors.
Located outside the city limits in Flint, the property has highway frontage and convenient access for customers, employees, and deliveries. Its configuration is suited to industrial, automotive, storage, and service-based operations, with a layout that can accommodate owner-users or investors.
Key Highlights
- 3,200 SF commercial flex property on approximately 0.5 acres
- Three bay doors support equipment access and operational workflow
- Dedicated office space with heating and air conditioning
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
$20,010
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
6.06%
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%
$400,200
$400.2K
Cap Rate 7%
$285,857
$285.9K
Cap Rate 9%
$222,333
$222.3K
Market Conditions
NOI Build-Up for 3,200 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
$25.7K $8.04/SF
− Vacancy
−$2.2K −$0.68/SF
EGI
$23.5K $7.36/SF
− OpEx
−$3.5K −$1.10/SF
NOI
$20.0K $6.25/SF
Area
Smith County, TX
Vacancy
8.50%
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%
$400,200
Cap Rate 7%
$285,857
Cap Rate 9%
$222,333
Alternative Uses
Best Use
Warehouse
$285.9K
$250.1K – $333.5K
NOI $20,010 @ 7.0% cap · market cap 6.06%
Second Best
Industrial
$235.4K
$206.0K – $274.7K
NOI $16,479 @ 7.0% cap · market cap 4.99%
Theoretical Best
Hotel Hospitality
$2.41M
$2.11M – $2.81M
NOI $168,720 @ 7.0% cap · market cap 51.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75762, TX
13,923
Population
6,052
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
97%
High-School Grad
44.7 sq mi
ZIP Area
311
Density / Sq Mi
$91,429
Median Household Income
$47,587
Median Earnings
$1,201
Median Rent
$283,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with office space, climate control, multiple bay doors, and two full bathrooms supports varied operations.
Where is this flex space located?
The property is located at 18789 County Road 178 Flint, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 3,200 SF commercial flex property on approximately 0.5 acres; Three bay doors support equipment access and operational workflow; Dedicated office space with heating and air conditioning
