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    Industrial Investment Property in Corsicana Title is generated by Realmo AI

    2400 S Business 45, Corsicana, TX 75110

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    For Sale
    $1,850,000

    24,000+ SF industrial facility on 3.5 acres in Corsicana.

    Type:Commercial/Industrial
    Property size:
    24,000 SF
    Lot size:
    3.51 Acres
    Price / SF:
    $77/SF
    Added:
    Mar 11, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 5 at 9:04 pm

    Property Features for 2400 S Business 45

    General Information

    Standard status
    Active
    Size
    24,000 SF
    Lot size
    3.51 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1982

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    Listing Contact
    Robert Blaase

    Listing agent Robert Blaase License #0393397

    Listing office Coldwell Banker American Dream

    Listing date Mar 11, 2026

    Source Exitrealty

    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

    HighLights

    • 24,000+ SF Industrial Facility
    • Located on 3.5 Acres
    • Long‑Term Lease in Place with Vending Company
    • Prime Industrial Investment Property
    • Strategically Located in Corsicana's Thriving Industrial District
    • Surrounded by Other Large Industrial Buildings

    Overview

    This industrial facility offers an investment opportunity in Corsicana's industrial district. The property includes over 24,000 square feet of space and sits on 3.507 acres. It is surrounded by other large industrial buildings within a well-established commercial hub. The property is currently under a long-term lease with a vending company, offering long-term value.

    Local Financial Insights For Industrial

    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 $241.9k $10.08
    − Vacancy −$22.0k −$0.92
    EGI $219.9k $9.16
    − OpEx −$66.0k −$2.75
    NOI $153.9k $6.41
    24,000 SF · lease $10.08/SF/yr · vacancy 9.10% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $2.20M
    $1.92M – $2.57M (±1% cap)
    NOI $153,934 @ 7.0% cap · market cap 8.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $263.67M
    $230.71M – $307.61M (±1% cap)
    NOI $18,456,557 @ 7.0% cap · market cap 997.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Master Vend Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corsicana
    County
    Navarro
    State
    Texas
    Longitude
    -96.4554
    Latitude
    32.0716

    FAQs

    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 $1,850,000.
    What are key features of this property?
    This property features: 24,000+ SF Industrial Facility; Located on 3.5 Acres; Long‑Term Lease in Place with Vending Company
    More about this property
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