Flex Space with Roll-Up
23350 US Highway 377, Whitesboro, TX 76273
For Sale
$1,200,000
CommercialSale, Whitesboro, TX
Property Size8,000 SF
Lot Size2.99 Acres
Price / SF$150
Days on Market124
Property Features for 23350 US Highway 377
General Information
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Property subtype
Zoning description
Parking features
Subdivision
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Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
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Building Details
Year built
Floors in Building
Number of units
Flooring type
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Buildings
Listing Agency:
Texas Homes and Land
Listed By:
Coryann Johnson
(214) 908-5468
Added: Jul 12
Changed: Oct 29
Last Checked: Nov 12 at 7:06PM
MLS# 20301255
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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.
This flex property includes two metal buildings totaling 8,000 square feet on 2.99 acres. The 5,000-square-foot building contains office space and a bathroom, with roll-up and sliding doors positioned on three sides. A second 3,000-square-foot building offers three roll-up bays and a 36-foot by 16-foot office with central heating and cooling. Both structures have metal siding, metal roofs, and concrete flooring.
The property is located at 23350 US Highway 377 in Whitesboro, Texas, with direct highway-address presence and a substantial gravel surface that accommodates heavy truck traffic. Access features include a gated driveway and covered parking. Rural Water service is available, along with an unused 1,400-foot water well with a pump set at 650 feet. The site uses an aerobic septic system and was built in 2001.
The property is located at 23350 US Highway 377 in Whitesboro, Texas, with direct highway-address presence and a substantial gravel surface that accommodates heavy truck traffic. Access features include a gated driveway and covered parking. Rural Water service is available, along with an unused 1,400-foot water well with a pump set at 650 feet. The site uses an aerobic septic system and was built in 2001.
Key Highlights
- 8,000 square feet across two metal buildings on 2.99 acres
- 5,000‑square‑foot building with office space, bathroom, and doors on three sides
- 3,000‑square‑foot building with three roll‑up bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,605
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,100
$1.0M
Cap Rate 7%
$722,929
$722.9K
Cap Rate 9%
$562,278
$562.3K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$65.3K $8.16/SF
− Vacancy
−$5.7K −$0.72/SF
EGI
$59.5K $7.44/SF
− OpEx
−$8.9K −$1.12/SF
NOI
$50.6K $6.33/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,100
Cap Rate 7%
$722,929
Cap Rate 9%
$562,278
Alternative Uses
Best Use
Warehouse
$722.9K
$632.6K – $843.4K
NOI $50,605 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$595.4K
$520.9K – $694.6K
NOI $41,675 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,992 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 76273, TX
9,857
Population
4,182
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
206.9 sq mi
ZIP Area
48
Density / Sq Mi
$80,244
Median Household Income
$41,441
Median Earnings
$1,171
Median Rent
$234,400
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Grayson County, TX
Properties on Market for Flex space in Grayson County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two metal buildings provide office areas, concrete floors, gated access, and fabrication-oriented door configurations.
Where is this flex space located?
The property is located at 23350 US Highway 377 Whitesboro, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,000 square feet across two metal buildings on 2.99 acres; 5,000‑square‑foot building with office space, bathroom, and doors on three sides; 3,000‑square‑foot building with three roll‑up bays
