Listing Agency: CHARLES POOL REAL ESTATE r***@cpre.com Show Phone

Listed By: Cindy Millard Show Phone

Added: Oct 14 Last Checked: Oct 16 at 3:06AM

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MLS# 70015636

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.

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Investment Insights

Based on property information with market context.

Set on 5.19 acres along US 59 N, this flex property includes a red iron metal building with 400 square feet of heated and cooled office space, plus another 400-square-foot heated and cooled area upstairs. The shop measures 2,000 square feet, and an 1,800-square-foot canopy provides additional covered area. Five overhead roll-up doors serve the building.

The site has a gated entrance and is partially fenced. A separate approximately 800-square-foot house has two bedrooms and one bathroom; the property information identifies foreman housing or rental income as possible uses.

Key Highlights

• 5.19‑acre property at 22410 US 59 N, Garrison, TX 75496
• 2,000 SF shop and 1,800 SF canopy
• 400 SF heated and cooled office, plus 400 SF of heated and cooled upstairs space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,794

Cap Rate

8.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$615,880 $615.9K

Cap Rate 7%

$439,914 $439.9K

Cap Rate 9%

$342,156 $342.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$50.4K $12.00/SF

− Vacancy

−$3.0K −$0.72/SF

EGI

$47.4K $11.28/SF

− OpEx

−$16.6K −$3.95/SF

NOI

$30.8K $7.33/SF

Area

Hunt County, TX

Vacancy

6.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$615,880

Cap Rate 7%

$439,914

Cap Rate 9%

$342,156

Alternative Uses

Best Use

Industrial

$4.17M

$3.65M – $4.87M (±1% cap)

NOI $292,136 @ 7.0% cap · market cap 81.37%

Second Best

Flex RnD

$439.9K

$384.9K – $513.2K (±1% cap)

NOI $30,794 @ 7.0% cap · market cap 8.58%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Lease Details

5

Drive-in doors

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75496, TX

3,438

Population

1,234

Households

2.8

Avg Household Size

43

Median Age

20%

College-Educated

87%

High-School Grad

117.0 sq mi

ZIP Area

29

Density / Sq Mi

$77,569

Median Household Income

$42,122

Median Earnings

$900

Median Rent

$172,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

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Grocery and Convenience Store with Equipment

140 Hwy 59S, Garrison, TX 75946

$299,000

0.09 Acres

View details

Antique Retail Space

17247 Highway 59, Garrison, TX 75946

$149,999

0.90 Acres

View details

Frequently Asked Questions

What type of property is this?

Flex space - The property combines climate-controlled office areas with a shop, canopy, and a separate two-bedroom house.

Where is this flex space located?

The property is located at 22410 US 59 N Garrison, 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: 5.19‑acre property at 22410 US 59 N, Garrison, TX 75496; 2,000 SF shop and 1,800 SF canopy; 400 SF heated and cooled office, plus 400 SF of heated and cooled upstairs space