Flex Space with Roll-Up
For Sale
$1,200,000
23350 US Highway 377, Whitesboro, TX 76273
CommercialSale, Whitesboro, TX
Property Size8,000 SF
Lot Size2.99 Acres
Price / SF$150
Days on Market99
Property Features for 23350 US Highway 377
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Gated, Driveway, Covered
Subdivision
Tuttle Ashel
Directions
From Hwy 82 in Whitesboro. Go North approx 4 miles on Hwy 377. Property will be on the right.
Standard status
Active
APN
114375
Size
8,000 SF
Lot size
2.99 Acres
Taxes and HOA fees
Tax Description
TUTTLE ASHEL A-G1193, AC 2.99, , DBA K M C
Tax Annual Amount
3247
Legal Description
TUTTLE ASHEL A-G1193, AC 2.99, , DBA K M C
Utilities
Sewer type
Aerobic Septic
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Texas Homes and Land
(214) 908-5468
Listed By:
Coryann Johnson · License #0450333
(972) 382-4747
Added: Jul 12
Changed: Sep 16
Last Checked: Oct 18 at 1:06AM
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
Hotel Hospitality
$4.10M
$3.59M – $4.79M
NOI $287,280 @ 7.0% cap · market cap 23.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
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
