Flex Space with Shop
For Sale
$359,000
2216 Timberland Drive, Lufkin, TX 75901
Commercial Sale, Lufkin, TX
Property Size4,500 SF
Lot Size0.43 Acres
Price / SF$79.78
Days on Market139
Property Features for 2216 Timberland Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Lufkin
Middle school district
Lufkin
High school district
Lufkin
Subdivision
Angelina
Standard status
Active
Lot size
0.43 Acres
Amenities
employee kitchenette
Building Details
Year built
1964
Listing Agency:
GANN MEDFORD Real Estate, Inc.
(936) 634-8888
Listed By:
The Todd & Haney Team
(936) 634-8888
Added: Apr 8
Changed: Aug 20
Last Checked: Aug 24 at 7:06AM
MLS# 70012842
Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines approximately 2,000 SF of remodeled office area with 2,500 SF of adjoining shop space. The office portion includes four private offices, refreshed finishes, and an employee kitchenette. Two roll-up doors provide direct access to the shop area, while the fenced yard adds secured exterior space. Constructed in 1964, the property occupies 0.43 acres at 2216 Timberland Drive in Lufkin, Texas.
The site is less than 1,200 feet from the Loop and offers access toward both Nacogdoches and Lufkin. It is positioned near an intersection reporting traffic counts approaching 30,000 vehicles per day and is surrounded by established commercial businesses.
The site is less than 1,200 feet from the Loop and offers access toward both Nacogdoches and Lufkin. It is positioned near an intersection reporting traffic counts approaching 30,000 vehicles per day and is surrounded by established commercial businesses.
Key Highlights
- Approximately 2,000 SF of remodeled office space
- 2,500 SF shop area with two roll‑up doors
- Office layout includes four private offices and an employee kitchenette
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
$27,063
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
7.54%
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%
$541,260
$541.3K
Cap Rate 7%
$386,614
$386.6K
Cap Rate 9%
$300,700
$300.7K
Market Conditions
NOI Build-Up for 4,500 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
$36.2K $8.04/SF
− Vacancy
−$4.3K −$0.96/SF
EGI
$31.8K $7.08/SF
− OpEx
−$4.8K −$1.06/SF
NOI
$27.1K $6.01/SF
Area
Angelina County, TX
Vacancy
12.00%
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%
$541,260
Cap Rate 7%
$386,614
Cap Rate 9%
$300,700
Alternative Uses
Best Use
Office B
$831.7K
$727.7K – $970.3K
NOI $58,218 @ 7.0% cap · market cap 16.22%
Second Best
Flex RnD
$543.6K
$475.7K – $634.2K
NOI $38,053 @ 7.0% cap · market cap 10.60%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,778 @ 7.0% cap · market cap 24.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75901, TX
28,373
Population
11,290
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
178
Density / Sq Mi
$59,083
Median Household Income
$35,479
Median Earnings
$1,085
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Remodeled offices, shop functionality, and a secured outdoor yard support a range of commercial operations.
Where is this flex space located?
The property is located at 2216 Timberland Drive Lufkin, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Approximately 2,000 SF of remodeled office space; 2,500 SF shop area with two roll‑up doors; Office layout includes four private offices and an employee kitchenette
