Corsicana Industrial Investment
For Sale
$1,790,000
2400 S Business 45, Corsicana, TX 75110
24,000+ SF industrial facility on 3.5 acres in Corsicana.
Property Size24,000 SF
Lot Size3.51 Acres
Price / SF$74.58
Days on Market270
Property Features for 2400 S Business 45
General Information
Standard status
Active
Size
24,000 SF
Lot size
3.51 Acres
Taxes and HOA fees
Annual Taxes
$5,464
Listing Agency:
Coldwell Banker American Dream
Listed By:
Robert Blaase · License #0393397
(903) 887-7055
Source:
Exprealty
Added: Jan 26
Changed: Aug 12
Last Checked: Aug 13 at 5:43AM
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 Coldwell Banker American Dream
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Investment Insights
Based on property information with market context.
This industrial facility, encompassing over 24,000 square feet, is situated on 3.507 acres in Corsicana's industrial district. The property is surrounded by other large industrial buildings, establishing it within a commercial hub. The property is currently under a long-term lease with a vending company, presenting an investment opportunity in a growing market.
Key Highlights
- 24,000+ SF Industrial Facility
- Located in Corsicana's Thriving Industrial District
- Situated on 3.507 Acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,934
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,078,680
$3.1M
Cap Rate 7%
$2,199,057
$2.2M
Cap Rate 9%
$1,710,378
$1.7M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$241.9K $10.08/SF
− Vacancy
−$22.0K −$0.92/SF
EGI
$219.9K $9.16/SF
− OpEx
−$66.0K −$2.75/SF
NOI
$153.9K $6.41/SF
Area
Navarro County, TX
Vacancy
9.10%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,078,680
Cap Rate 7%
$2,199,057
Cap Rate 9%
$1,710,378
Alternative Uses
Best Use
Industrial
$2.20M
$1.92M – $2.57M
NOI $153,934 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$263.67M
$230.71M – $307.61M
NOI $18,456,557 @ 7.0% cap · market cap 1,031.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - 24,000+ SF industrial facility on 3.5 acres in Corsicana.
Where is this industrial property located?
The property is located at 2400 S Business 45 Corsicana, TX.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 24,000+ SF Industrial Facility; Located in Corsicana's Thriving Industrial District; Situated on 3.507 Acres
