Professional Office Building with Conference
New
For Sale
$299,000
2220 W 2nd Avenue, Corsicana, TX 75110
Well-maintained office building with a welcoming reception area, built-in conference room, and dedicated parking lot.
Days on Market5
Property Features for 2220 W 2nd Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
1,390 SF
Year Built
2004
Buildings
1
Listing Agency:
Premier Realty
(903) 205-1555
Listed By:
Courtney Nelson · License #0641859
(903) 205-1555
Source:
1111brokerage
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 12:03PM
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 Premier Realty
Investment Insights
Based on property information with market context.
This well-maintained professional office building features a welcoming reception area, multiple private offices, and a spacious conference room with custom built-ins. The interior includes a well-appointed kitchen and break area, plus restrooms for both office users and staff and guests, including one private restroom in an office and an additional restroom serving staff and visitors. Quality finishes include custom cabinetry, built-in shelving, attractive trim work, and abundant natural light, supported by a functional, flexible layout designed for immediate occupancy.
Built in 2004, the property is located at 2220 W 2nd Avenue in Corsicana, offering prominent visibility and convenient access to downtown and nearby retail, restaurants, and major thoroughfares. A dedicated parking lot provides parking for employees and clients.
The flexible floor plan is suited to a range of professional and administrative uses, including legal, financial, insurance, medical, real estate, and other office-oriented operations.
Built in 2004, the property is located at 2220 W 2nd Avenue in Corsicana, offering prominent visibility and convenient access to downtown and nearby retail, restaurants, and major thoroughfares. A dedicated parking lot provides parking for employees and clients.
The flexible floor plan is suited to a range of professional and administrative uses, including legal, financial, insurance, medical, real estate, and other office-oriented operations.
Key Highlights
- Built in 2004 professional office building
- Welcoming reception area plus multiple private offices
- Spacious conference room with custom built‑ins
Financial Insights For Office B
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 | $42.7k | $30.72 |
| − Vacancy | −$11.7k | −$8.42 |
| EGI | $31.0k | $22.30 |
| − OpEx | −$7.8k | −$5.58 |
| NOI | $23.3k | $16.73 |
1,390 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$332.2K
$290.6K – $387.5K
NOI $23,251 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.27M
$13.36M – $17.82M
NOI $1,068,942 @ 7.0% cap · market cap 357.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with a welcoming reception area, built-in conference room, and dedicated parking lot.
Where is this office building located?
The property is located at 2220 W 2nd Avenue Corsicana, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Built in 2004 professional office building; Welcoming reception area plus multiple private offices; Spacious conference room with custom built‑ins
