Industrial Building on One
For Sale
Contact for pricing
2004 Jack Mckay Blvd, Ennis, TX
10,000 SF industrial building on 1 acre for sale.
Property Size10,000 SF
Lot Size2.00 Acres
Price / SF$125
Days on Market860
Property Features for 2004 Jack Mckay Blvd
General Information
Standard status
Active
Size
10,000 SF
Lot size
2.00 Acres
Property subtype
INDUSTRIAL
Lease Type
Modified Gross
Properties For Sale
at 2004 Jack Mckay Blvd Contact us- Floor
- Bldg
- Size
- 10,000 SF
- Type
- INDUSTRIAL
- Lease Type
- MODIFIED_GROSS
- Availability
- PENDING, Completion
- Sublease
- No
2004 Jack Mckay Blvd
- Approx. 10,000 S. F. Metal Shop w/ Office on 5 Acres Raw Land.
- Clear Height:...
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Contact us
Listing Agency:
Bates & Myers Co.
Listed By:
Floyd Bates · License #0337380
(214) 630-7077
Source:
Moodyscre
Added: May 2, 2024
Changed: Aug 9
Last Checked: Sep 8 at 6:17AM
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.
Investment Insights
Based on property information with market context.
This industrial property features a 10,000-square-foot building situated on a 1-acre lot. The building includes office space and is suitable for industrial use. It has two 12 x 12 grade-level roll-up doors. The clear height is approximately 14 feet at the side walls and 16 feet to the peak. The property is equipped with 3-phase power, 240 volts, and 400 amps.
Key Highlights
- 10,000 Sq. Ft. Industrial Building
- Includes Office Space
- 1 Acre Property
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
$69,539
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
5.56%
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%
$1,390,780
$1.4M
Cap Rate 7%
$993,414
$993.4K
Cap Rate 9%
$772,656
$772.7K
Market Conditions
NOI Build-Up for 10,000 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
$90.0K $9.00/SF
− Vacancy
−$8.2K −$0.82/SF
EGI
$81.8K $8.18/SF
− OpEx
−$12.3K −$1.23/SF
NOI
$69.5K $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 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%
$1,390,780
Cap Rate 7%
$993,414
Cap Rate 9%
$772,656
Alternative Uses
Best Use
Warehouse
$993.4K
$869.2K – $1.16M
NOI $69,539 @ 7.0% cap · market cap 5.56%
Second Best
Industrial
$740.5K
$648.0K – $864.0K
NOI $51,838 @ 7.0% cap · market cap 4.15%
Theoretical Best
Multifamily LT 5
$109.12M
$95.48M – $127.30M
NOI $7,638,154 @ 7.0% cap · market cap 611.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DONE Storage Ennis — 103 Ave F, Ennis, TX 75119
- Freedom Storage — 103 Ave F, Ennis, TX 75119
- Hunter-U-Store — 1390 Jack McKay Blvd W, Ennis, TX 75119
Frequently Asked Questions
What type of property is this?
Warehouse - 10,000 SF industrial building on 1 acre for sale.
Where is this warehouse located?
The property is located at 2004 Jack Mckay Blvd Ennis, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10,000 Sq. Ft. Industrial Building; Includes Office Space; 1 Acre Property
