Industrial Facility with Secured
For Sale
$1,440,000
Pending
224 Zander, Pleasanton, TX 78064
Industrial building combines two-story office, warehouse with multiple grade-level doors, and fenced laydown yard for equipment use.
Property Size12,750 SF
Lot Size5.25 Acres
Days on Market56
Property Features for 224 Zander
General Information
Standard status
Pending
Size
12,750 SF
Total Parking Spaces
1
Lot size
5.25 Acres
Property subtype
Commercial
Occupancy
100%
Financials
Cap Rate
9%
Business Included
Yes
Additional Details
Fenced Yard
Yes
Drive-In Doors
8
Building Details
Year Built
2015
Stories
2
Tenancy
Single
Listing Agency:
Brohill Realty Ltd
Listed By:
Clifton Shearrer (clifton@brohillrealty.com)
Source:
Realtyvortex
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 6 at 9:02AM
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 Brohill Realty Ltd
Investment Insights
Based on property information with market context.
The property is an industrial facility built to support energy service operations, with a two-story office and a fully equipped warehouse plus significant outdoor storage. The office totals 3,000 SF and includes a secured reception area, a large conference room, seven private offices, multiple restrooms, a break room, and file storage. A portion of the second floor is currently unfinished, allowing for potential future office and restroom buildout.
The warehouse is 8,250 SF (110' x 75') and features eight 16' x 16' grade-level roll-up doors, four pull-through bays, a shop restroom, and a climate-controlled area suitable for parts storage or a supervisory office. An additional 20' x 75' covered, open-sided bay extends workspace and connects to the main warehouse through a 14' x 14' bay door.
Outside, the site includes a 5.25-acre fully fenced laydown yard stabilized with compacted limestone for heavy equipment use, along with an additional 2-acre stabilized area for employee and truck parking. The current lease has been in place since 2017, with the term expiring 2/28/29.
The warehouse is 8,250 SF (110' x 75') and features eight 16' x 16' grade-level roll-up doors, four pull-through bays, a shop restroom, and a climate-controlled area suitable for parts storage or a supervisory office. An additional 20' x 75' covered, open-sided bay extends workspace and connects to the main warehouse through a 14' x 14' bay door.
Outside, the site includes a 5.25-acre fully fenced laydown yard stabilized with compacted limestone for heavy equipment use, along with an additional 2-acre stabilized area for employee and truck parking. The current lease has been in place since 2017, with the term expiring 2/28/29.
Key Highlights
- 2015‑built industrial facility with 3,000 SF two‑story office, 8,250 SF warehouse (110' x 75'), and fully fenced laydown yard
- Hunting Titan Inc tenant since 2017; current lease term expires 2/28/29
- Warehouse features 8 grade‑level roll‑up doors (16' x 16') and 4 pull‑through bays for loading and throughput
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
$99,186
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
6.89%
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%
$1,983,720
$2.0M
Cap Rate 7%
$1,416,943
$1.4M
Cap Rate 9%
$1,102,067
$1.1M
Market Conditions
NOI Build-Up for 12,750 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
$166.8K $13.08/SF
− Vacancy
−$14.2K −$1.11/SF
EGI
$152.6K $11.97/SF
− OpEx
−$53.4K −$4.19/SF
NOI
$99.2K $7.78/SF
Area
Atascosa County, TX
Vacancy
8.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
35.00%
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%
$1,983,720
Cap Rate 7%
$1,416,943
Cap Rate 9%
$1,102,067
Alternative Uses
Best Use
Flex RnD
$1.42M
$1.24M – $1.65M
NOI $99,186 @ 7.0% cap · market cap 6.89%
Second Best
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,338 @ 7.0% cap · market cap 6.27%
Theoretical Best
Hotel Hospitality
$9.60M
$8.40M – $11.20M
NOI $672,244 @ 7.0% cap · market cap 46.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78064, TX
15,710
Population
6,179
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
281.4 sq mi
ZIP Area
56
Density / Sq Mi
$69,407
Median Household Income
$36,185
Median Earnings
$1,109
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building combines two-story office, warehouse with multiple grade-level doors, and fenced laydown yard for equipment use.
Where is this flex space located?
The property is located at 224 Zander Pleasanton, TX.
What is the asking price?
The asking price for this property is $1,440,000.
What are key features of this property?
This property features: 2015‑built industrial facility with 3,000 SF two‑story office, 8,250 SF warehouse (110' x 75'), and fully fenced laydown yard; Hunting Titan Inc tenant since 2017; current lease term expires 2/28/29; Warehouse features 8 grade‑level roll‑up doors (16' x 16') and 4 pull‑through bays for loading and throughput
