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    Commercial Property with Roll-Up Bays Title is generated by Realmo AI

    23350 US Highway 377, Whitesboro, TX 76273

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    Claim this Listing
    For Sale
    $650,000

    Commercial property featuring roll-up bays and office space for sale.

    Type:Commercial/Industrial
    Property size:
    3,000 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $216/SF
    Added:
    Mar 16, 2026
    Days on Market:
    113
    Last Refresh:
    Apr 5 at 9:18 pm

    Property Features for 23350 US Highway 377

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    1.50 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2001

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    Coryann Johnson
    Coryann Johnson

    Listing office Texas Homes and Land

    Listing date Mar 16, 2026

    Source Exitrealty

    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 Texas Homes and Land

    HighLights

    • Commercial property with 1.5 acres
    • North building with 3000 sq ft
    • Three roll‑up bays for easy access
    • Office space with central heat and air
    • Partitioned bay for separate rental income
    • Rural water service

    Overview

    This commercial property includes a north building with 3000 square feet. The building measures 40 feet by 25 feet and features 3 roll-up bays. An office area of 36 feet by 16 feet includes central heat and air conditioning, along with two half bathrooms for the office and reception area. One of the bays is partitioned off for separate rental. Internet service is provided by Rise Broadband, and rural water services the water supply. The property occupies 1.5 acres.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $92.2k $30.72
    − Vacancy −$25.3k −$8.42
    EGI $66.9k $22.30
    − OpEx −$16.7k −$5.58
    NOI $50.2k $16.73
    3,000 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $716.9K
    $627.3K – $836.4K (±1% cap)
    NOI $50,181 @ 7.0% cap · market cap 7.72%
    Second Best
    Warehouse
    $271.1K
    $237.2K – $316.3K (±1% cap)
    NOI $18,977 @ 7.0% cap · market cap 2.92%
    Theoretical Best
    Hotel Hospitality
    $1.54M
    $1.35M – $1.80M (±1% cap)
    NOI $107,730 @ 7.0% cap · market cap 16.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Storage Facility Veterinary Clinic Bed & Breakfast Restaurant Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whitesboro
    County
    Grayson
    State
    Texas
    Longitude
    -96.904933
    Latitude
    33.715189

    FAQs

    What type of property is this?
    Flex space - Commercial property featuring roll-up bays and office space for sale.
    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 $650,000.
    What are key features of this property?
    This property features: Commercial property with 1.5 acres; North building with **3000 sq ft**; **Three roll‑up bays** for easy access
    More about this property
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