Professional Office
For Sale
$299,000
2220 W 2nd Ave, Corsicana, TX 75110
Reception, private offices, and dedicated parking support varied business operations.
Property Size1,390 SF
Price / SF$215.11
Days on Market9
Property Features for 2220 W 2nd Ave
General Information
Standard status
Active
Size
1,390 SF
Additional Details
Road Access
Yes
Building Details
Year Built
2004
Abandoned
No
Listing Agency:
Premier Realty
(903) 205-1717
Listed By:
Courtney Nelson · License #0641859
Source:
Thefryerealtyteam
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 25 at 5:39AM
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.
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.
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 = 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
$23,251
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
7.78%
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%
$465,020
$465.0K
Cap Rate 7%
$332,157
$332.2K
Cap Rate 9%
$258,344
$258.3K
Market Conditions
NOI Build-Up for 1,390 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
$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 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%
$465,020
Cap Rate 7%
$332,157
Cap Rate 9%
$258,344
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
Property Profile
Current Use
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
Questions? Ask Rey
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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 $299,000.
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
