Flex Space on Corner
New
For Sale
$3,000,000
201 Fm 1237, Troy, TX 76579
The facility provides highway access and a substantial site for vehicle circulation and staging.
Property Size20,172 SF
Price / SF$150
Days on Market7
Property Features for 201 Fm 1237
General Information
Standard status
Active
Size
20,172 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
20,172 SF
Year Built
1977
Stories
1
Listing Agency:
EG Realty
Listed By:
Jason Johnson · License #0735122
(254) 541-0318
Source:
Elliman
Added: Oct 16
Last Checked: Oct 20 at 10:00PM
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 EG Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property in Troy contains nearly 20,000 square feet and occupies a corner parcel of more than 3 acres. The building was constructed in 1977.
Access to Interstate 35 includes nearby on- and off-ramps, with an additional route through the highway underpass. The site is described as accommodating turning movements for oversized vehicles and staging activity.
Access to Interstate 35 includes nearby on- and off-ramps, with an additional route through the highway underpass. The site is described as accommodating turning movements for oversized vehicles and staging activity.
Key Highlights
- Nearly 20,000 square feet of flex space
- Corner site spanning more than 3 acres
- Immediate on- and off‑ramp access to Interstate 35
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$244,889
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,897,780
$4.9M
Cap Rate 7%
$3,498,414
$3.5M
Cap Rate 9%
$2,720,989
$2.7M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$400.8K $20.04/SF
− Vacancy
−$24.0K −$1.20/SF
EGI
$376.8K $18.84/SF
− OpEx
−$131.9K −$6.59/SF
NOI
$244.9K $12.24/SF
Area
Bell County, TX
Vacancy
6.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,897,780
Cap Rate 7%
$3,498,414
Cap Rate 9%
$2,720,989
Alternative Uses
Best Use
Flex RnD
$3.50M
$3.06M – $4.08M
NOI $244,889 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$223.27M
$195.36M – $260.48M
NOI $15,629,040 @ 7.0% cap · market cap 520.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76579, TX
5,120
Population
2,133
Households
2.4
Avg Household Size
37
Median Age
25%
College-Educated
94%
High-School Grad
59.5 sq mi
ZIP Area
86
Density / Sq Mi
$83,146
Median Household Income
$46,216
Median Earnings
$1,185
Median Rent
$225,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The facility provides highway access and a substantial site for vehicle circulation and staging.
Where is this flex space located?
The property is located at 201 Fm 1237 Troy, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Nearly 20,000 square feet of flex space; Corner site spanning more than 3 acres; Immediate on- and off‑ramp access to Interstate 35
