Building Details

Year Built 2004

Abandoned No

Listing Agency: Premier Realty

Listed By: Courtney Nelson · License #0641859 Show Phone

Source: Yourdavisteam

Added: Aug 22 Changed: Oct 8 Last Checked: Oct 7 at 2:06PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 2004, this commercial office property at 2220 W 2nd Avenue features a practical arrangement for professional operations. The interior includes a reception area, several private offices, a conference room with custom built-ins, a kitchen and break area, and two restrooms, including one connected to an individual office. Custom cabinetry, built-in shelving, detailed trim, and abundant natural light contribute to the finished interior.

A dedicated parking lot serves employees and visitors. The property is positioned in Corsicana with access to downtown, retail, restaurants, and major thoroughfares. The flexible layout is suited to professional services, legal, financial, insurance, medical, real estate, or administrative operations.

Key Highlights

• Commercial zoning
• Built in 2004
• Reception area, private offices, and conference room with custom built‑ins

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,251

Cap Rate

8.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$465,020 $465.0K

Cap Rate 7%

$332,157 $332.2K

Cap Rate 9%

$258,344 $258.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,390 SF

Gross rent

$42.7K $30.72/SF

− Vacancy

−$11.7K −$8.42/SF

EGI

$31.0K $22.30/SF

− OpEx

−$7.8K −$5.58/SF

NOI

$23.3K $16.73/SF

Area

Navarro County, TX

Vacancy

27.40%

Lease Rate

$30.72 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$465,020

Cap Rate 7%

$332,157

Cap Rate 9%

$258,344

Alternative Uses

Best Use

Office B

$332.2K

$290.6K – $387.5K (±1% cap)

NOI $23,251 @ 7.0% cap · market cap 8.45%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$15.27M

$13.36M – $17.82M (±1% cap)

NOI $1,068,942 @ 7.0% cap · market cap 388.71%

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

The Law Office of Micah ... Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Big Box & Wholesale Store HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

380

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Downtown Office Building

111 N Commerce St, Corsicana, TX 75110

$295,500

6,300 SF

View details

Flex Space with Workshop

2601 W 2nd Avenue, Corsicana, TX 75110

$259,000

1,500 SF

View details

Office Unit with Private Offices

208 S 31st Street, Corsicana, TX 75110

$239,000

1,532 SF

View details

Remodeled Storefront Property

1027 W 2nd Avenue, Corsicana, TX 75110

$295,000

0.16 Acres

View details

Two-Unit Duplex with Private Yards

300-302 Northwood Boulevard, Corsicana, TX 75110

$259,000

2,000 SF

View details

Car Wash with Studio Apartment

1445 W 2nd Avenue, Corsicana, TX 75110

$370,000

1,953 SF

View details

Mixed-Use Property with Adjacent Home

847 S 15th Street Comm, Corsicana, TX 75110

$235,000

900 SF

View details

Updated Storefront with Showroom

418 N Beaton St, Corsicana, TX 75110

$270,000

2,500 SF

View details

6-Bay Self-Service Car Wash

223 Oaklawn Drive, Corsicana, TX 75110

$429,000

2,112 SF

View details

Drive-Through Warehouse

140 Caddo Trail #D, Corsicana, TX 75109

Contact for pricing

1,320 SF

View details

44-Unit Self-Storage Facility

124 Brooks Avenue, Corsicana, TX 75110

$295,000

3,600 SF

View details

Warehouse Unit with Drive-Through Door

200 Hospital Drive Unit B, Corsicana, TX 75110

Contact for pricing

1,200 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Reception, private offices, and dedicated parking support varied business operations.

Where is this office building located?

The property is located at 2220 W 2nd Ave Corsicana, TX.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Commercial zoning; Built in 2004; Reception area, private offices, and conference room with custom built‑ins