Warehouse with Office and
23350 US Highway 377 Whitesboro, TX 76273
23350 US Highway 377, Whitesboro, TX, 76273
$650,000
For Sale
$650,000
COMMERCIAL - Whitesboro, TX
Property Size3,000 SF
Lot Size1.50 Acres
Price / SF$216.67
Days on Market111
Property Features for 23350 US Highway 377
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Covered, Driveway, Gated
- Standard status
- Active
- APN
- 114375
- Lot size
- 1.50 Acres
Taxes and HOA fees
- Tax Description
- TUTTLE ASHEL A-G1193, AC 2.99, , DBA K M C
- Tax Annual Amount
- 3247
Utilities
- Sewer type
- Aerobic Septic
Building Details
- Year built
- 2001
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- MetalSiding
- Roof type
- Metal
Listing Agency
Texas Homes and Land
(214) 908-5468
Celina, TX
Listed by
Coryann Johnson · License #0450333
(214) 908-5468
Added: Mar 31 Checked: Jul 19 at 5:06 am
MLS# 20321580
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.
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a 3,000 SF warehouse building measuring 40 ft x 25 ft with three roll-up bays. The office portion measures 36 ft x 16 ft and includes central heat and air, with two half baths serving the office and reception area. Bay 3 is partitioned off for separate rental.
The property sits on 1.5 acres at 23350 US Highway 377 in Whitesboro, TX. The listing also notes Rise Broadband internet service and rural water service for the water supply.
Overall, the layout supports a warehouse/office configuration with an additional, separately partitioned bay space within the same building.
The property sits on 1.5 acres at 23350 US Highway 377 in Whitesboro, TX. The listing also notes Rise Broadband internet service and rural water service for the water supply.
Overall, the layout supports a warehouse/office configuration with an additional, separately partitioned bay space within the same building.
Key Highlights
- 1.5‑acre commercial property built in 2001 with metal siding and metal roof
- North building includes 3 roll‑up bays and a total of 3,000 SF (40 ft x 25 ft)
- Office space measures 36 ft x 16 ft with central heat and air plus 2 half baths
Local Financial Insights For Warehouse
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 | $24.5k | $8.16 |
| − Vacancy | −$2.2k | −$0.72 |
| EGI | $22.3k | $7.44 |
| − OpEx | −$3.3k | −$1.12 |
| NOI | $19.0k | $6.33 |
3,000 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$271.1K
$237.2K – $316.3K
NOI $18,977 @ 7.0% cap · market cap 2.92%
Second Best
Industrial
$223.3K
$195.4K – $260.5K
NOI $15,628 @ 7.0% cap · market cap 2.40%
Theoretical Best
Hotel Hospitality
$1.54M
$1.35M – $1.80M
NOI $107,730 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Single warehouse building features three roll-up bays and an office area with central heat and air.
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: 1.5‑acre commercial property built in 2001 with metal siding and metal roof; North building includes 3 roll‑up bays and a total of 3,000 SF (40 ft x 25 ft); Office space measures 36 ft x 16 ft with central heat and air plus 2 half baths
