Highway 377 Commercial
For Sale
$1,200,000
23350 Us Highway 377, Whitesboro, TX 76273
3-acre commercial property with two buildings off Highway 377.
Property Size8,000 SF
Lot Size3.00 Acres
Price / SF$150
Days on Market202
Property Features for 23350 Us Highway 377
General Information
Standard status
Active
Size
8,000 SF
Lot size
3.00 Acres
Building Details
Year Built
2001
Listing Agency:
Texas Homes and Land
Listed By:
Coryann Johnson · License #0450333
(214) 908-5468
Source:
Yourdavisteam
Added: Mar 26
Changed: Sep 14
Last Checked: Oct 7 at 3:14PM
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
Investment Insights
Based on property information with market context.
This 3-acre commercial property is located off Highway 377 in Whitesboro, Texas. The site features a heavy gravel surface designed to support truck traffic and includes two buildings suitable for industrial or commercial operations. The main building offers 5,000 square feet of space, including a small office and bathroom, making it suitable for fabrication, manufacturing, or storage. It features roll-up and slider doors on three sides for access. The secondary building provides 3,000 square feet of space with three roll-up bays and a 36-foot by 16-foot office equipped with central heat and air. The property has rural water service and a 1,400 ft well with pump that is not currently in use. The location provides visibility and access from Highway 377, a major North Texas corridor. The property's infrastructure and layout make it suitable for a manufacturing facility, distribution hub, trucking operation, or warehouse space. The site offers room to expand.
Key Highlights
- Prime location directly off Highway 377 in Whitesboro, Texas, offering excellent visibility and access.
- Heavy‑duty gravel surface designed to support truck traffic and heavy equipment.
- 5,000 sq. ft. main building with roll‑up and slider doors on three sides, suitable for various industrial uses.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,675
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,500
$833.5K
Cap Rate 7%
$595,357
$595.4K
Cap Rate 9%
$463,056
$463.1K
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
−$17.9K −$2.23/SF
NOI
$41.7K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,500
Cap Rate 7%
$595,357
Cap Rate 9%
$463,056
Alternative Uses
Best Use
Industrial
$595.4K
$520.9K – $694.6K
NOI $41,675 @ 7.0% cap · market cap 3.47%
Second Best
Flex RnD
$546.5K
$478.2K – $637.6K
NOI $38,254 @ 7.0% cap · market cap 3.19%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
19
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 3-acre commercial property with two buildings off Highway 377.
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: Prime location directly off Highway 377 in Whitesboro, Texas, offering excellent visibility and access.; Heavy‑duty gravel surface designed to support truck traffic and heavy equipment.; 5,000 sq. ft. main building with roll‑up and slider doors on three sides, suitable for various industrial uses.**
