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Modern Industrial/Flex Space Building

18992 FM 150 W Driftwood, TX 78619

18992 FM 150 W, Driftwood, TX, 78619
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25,000 SF industrial/flex space in Driftwood, Texas for sale.

Property Size25,000 SF
Price / SF$224
AddedApr 30
Days on Market77
Last RefreshJul 15 at 3:13 pm

Property Features for 18992 FM 150 W

General Information

Standard status
Active
Size
25,000 SF
Property subtype
INDUSTRIAL

Listing office CSA Realty Group

Listing date Apr 30, 2026

Source Moodyscre

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 CSA Realty Group


Investment Insights

Based on property information with market context.

This is a 25,000 square foot modern industrial/flex space building located in the southwest area of Driftwood, Texas. The property is suitable for a wide range of industrial uses. It features high ceilings and large bay doors for accessibility. Ample parking is available for tenants and visitors. The property is well-maintained and professionally managed. It is located in close proximity to major transportation routes. The building has an 85% occupancy rate, providing immediate income potential.

Key Highlights

  • Prime location in the SW area of Driftwood, TX
  • 25,000 SF modern industrial/flex space building
  • 85% occupancy rate provides immediate income potential

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $372.0k $14.88
− Vacancy −$75.9k −$3.04
EGI $296.1k $11.84
− OpEx −$44.4k −$1.78
NOI $251.7k $10.07
25,000 SF · lease $14.88/SF/yr · vacancy 20.40% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$3.60M
$3.15M – $4.19M (±1% cap)
NOI $251,695 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$3.20M
$2.80M – $3.73M (±1% cap)
NOI $223,684 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$10.45M
$9.14M – $12.19M (±1% cap)
NOI $731,544 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Auto Repair Shop Electrical Service Big Box & Wholesale Store Storage Facility Pet Grooming Service Florist Skin Care Clinic Pharmacy Restaurant Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - 25,000 SF industrial/flex space in Driftwood, Texas for sale.
Where is this flex space located?
The property is located at 18992 FM 150 W Driftwood, TX.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Prime location in the SW area of Driftwood, TX; 25,000 SF modern industrial/flex space building; 85% occupancy rate provides immediate income potential
Contact an agent
(512) 447-2222 Call to check price and availability
More about this property
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