Flex Space with Grade Level
For Sale
Contact for pricing
Pending
198 Brothers Blvd, Red Oak, TX 75154
Flex space with paved, secured outdoor storage, LED lighting, heavy 3-phase power, and remodeled office space.
Property Size12,000 SF
Lot Size25,265.00 Acres
Days on Market473
Property Features for 198 Brothers Blvd
General Information
Standard status
Pending
Size
12,000 SF
Lot size
25,265.00 Acres
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
9
Three-Phase Power
Yes
Heavy Power
Yes
Amenities
Paved & Secured Outdoor Storage
3 Offices (Remodeled)
Reception Area
2 Restrooms
LED Lights Throughout
Listing Agency:
Bates & Myers Co.
Listed By:
Floyd Bates · License #0337380
(214) 630-7077
Source:
Moodyscre
Added: Jul 14, 2025
Changed: Oct 25
Last Checked: Oct 28 at 12:34PM
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 Bates & Myers Co.
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Investment Insights
Based on property information with market context.
This flex property includes paved and secured outdoor storage plus interior flex support space with three remodeled offices, a reception area, and two restrooms. Lighting is LED throughout, and the building features grade level door access with two (2) 12x14 grade level doors and seven (7) 10x12 grade level doors. Heavy 3-phase power is available, and the clear height is 14-16'.
The property size is 12,000 SF on a land parcel of 25,265 acres, +/-.
Designed for mixed warehouse and workspace use, the combination of office space, multiple grade level doors, and heavy electrical service can support a range of light industrial and logistics-oriented tenants.
The property size is 12,000 SF on a land parcel of 25,265 acres, +/-.
Designed for mixed warehouse and workspace use, the combination of office space, multiple grade level doors, and heavy electrical service can support a range of light industrial and logistics-oriented tenants.
Key Highlights
- 12,000 SF flex property with paved, secured outdoor storage
- Five (5) total grade level doors: two 12x14 and seven 10x12
- Clear height of 14‑16' and LED lights throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,446
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,920
$1.7M
Cap Rate 7%
$1,192,086
$1.2M
Cap Rate 9%
$927,178
$927.2K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$108.0K $9.00/SF
− Vacancy
−$9.8K −$0.82/SF
EGI
$98.2K $8.18/SF
− OpEx
−$14.7K −$1.23/SF
NOI
$83.4K $6.95/SF
Area
Ellis County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,920
Cap Rate 7%
$1,192,086
Cap Rate 9%
$927,178
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,446 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$888.7K
$777.6K – $1.04M
NOI $62,206 @ 7.0% cap · market cap 4.44%
Theoretical Best
Multifamily LT 5
$130.94M
$114.57M – $152.76M
NOI $9,165,784 @ 7.0% cap · market cap 654.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
9
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75154, TX
45,894
Population
17,170
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
88%
High-School Grad
47.8 sq mi
ZIP Area
960
Density / Sq Mi
$96,150
Median Household Income
$48,112
Median Earnings
$1,446
Median Rent
$296,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Appe'Teaser Catering — 421 Buckskin Dr, Red Oak, TX 75154
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with paved, secured outdoor storage, LED lighting, heavy 3-phase power, and remodeled office space.
Where is this flex space located?
The property is located at 198 Brothers Blvd Red Oak, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12,000 SF flex property with paved, secured outdoor storage; Five (5) total grade level doors: two 12x14 and seven 10x12; Clear height of 14‑16' and LED lights throughout
