Flex Warehouse with Office
23350 US Highway 377, Whitesboro, TX 76273
COMMERCIAL - Whitesboro, TX
Property size:
3,000 SFLot size:
1.50 AcresPrice / SF:
$216/SF- Added:
- Mar 31, 2026
- Days on Market:
- 65
- Last Refresh:
- Jun 3 at 12:06 pm
Property Features for 23350 US Highway 377
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway, Gated, Covered
- 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 agent Coryann Johnson License #0450333 (214) 908-5468
Listing office Texas Homes and Land Celina, TX (214) 908-5468
Listing date Mar 31, 2026
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.
HighLights
- 1.5‑acre commercial property with metal siding and metal roof
- North building is 3,000 SF (40 ft x 25 ft) with 3 roll‑up bays
- Includes a 36 ft x 16 ft office area with central heat and air
- Office and reception include 2 half baths; Bay 3 is partitioned for separate rental
- Parking includes driveway plus gated covered parking
- Utilities: aerobic septic sewer and rural water; internet service with Rise Broadband
Overview
This for-sale commercial property includes a primary 3,000-square-foot north building configured as warehouse space with three roll-up bays and an office area. The warehouse measures approximately 40 feet by 25 feet, providing functional overhead access through the bays. An office measuring approximately 36 feet by 16 feet is built into the structure and features central heat and air, along with two half baths serving the office and reception area. Bay 3 is partitioned to support separate rental.
The property sits on 1.5 acres in Whitesboro, Texas, with rural water services the water supply. Internet service is provided via Rise Broadband. The listing is identified at 23350 US Highway 377.
Designed for a tenant or owner-operator seeking flexible space, the combination of overhead loading, dedicated office, and the ability to rent a portion of the bay area can support a range of small industrial, distribution, or service uses. Prospective buyers should review the on-site configuration and how the partitioned bay aligns with their operating model or income strategy.
The property sits on 1.5 acres in Whitesboro, Texas, with rural water services the water supply. Internet service is provided via Rise Broadband. The listing is identified at 23350 US Highway 377.
Designed for a tenant or owner-operator seeking flexible space, the combination of overhead loading, dedicated office, and the ability to rent a portion of the bay area can support a range of small industrial, distribution, or service uses. Prospective buyers should review the on-site configuration and how the partitioned bay aligns with their operating model or income strategy.
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
NOI $50,181 @ 7.0% cap · market cap 7.72%
Second Best
Warehouse
$271.1K
$237.2K – $316.3K
NOI $18,977 @ 7.0% cap · market cap 2.92%
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 Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Whitesboro
- County
- Grayson
- State
- Texas
- Longitude
- -96.904933
- Latitude
- 33.715189
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Warehouse space with roll-up bays and a central HVAC office, plus a partitioned bay for additional rental income.
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 with metal siding and metal roof; North building is 3,000 SF (40 ft x 25 ft) with 3 roll‑up bays; Includes a 36 ft x 16 ft office area with central heat and air
