Corsicana Industrial Investment
For Sale
$1,850,000
2400 S Business 45, Corsicana, TX 75110
24,000+ SF industrial facility on 3.5 acres in Corsicana.
Property Size24,860 SF
Lot Size3.51 Acres
Price / SF$74.42
Days on Market106
Property Features for 2400 S Business 45
General Information
Standard status
Active
Size
24,860 SF
Lot size
3.51 Acres
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker American Dream
(214) 803-2289
Listed By:
Robert Blaase · License #0393397
(903) 887-7055
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Aug 4 at 1:32PM
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
Investment Insights
Based on property information with market context.
This industrial facility, offering over 24,000 square feet of space, is situated on 3.507 acres in Corsicana's industrial district. The property is surrounded by other large industrial buildings. The property is currently under a long-term lease with a vending company, presenting an investment opportunity in a growing market.
Key Highlights
- Long‑term lease in place with a vending company, providing immediate income.
- Located in a thriving industrial district of Corsicana.
- Large industrial facility with 24,000+ square feet of space.
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 | $250.6k | $10.08 |
| − Vacancy | −$22.8k | −$0.92 |
| EGI | $227.8k | $9.16 |
| − OpEx | −$68.3k | −$2.75 |
| NOI | $159.4k | $6.41 |
24,860 SF · lease $10.08/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.28M
$1.99M – $2.66M
NOI $159,450 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$273.11M
$238.97M – $318.63M
NOI $19,117,917 @ 7.0% cap · market cap 1,033.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
251
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 $1,850,000.
What are key features of this property?
This property features: Long‑term lease in place with a vending company, providing immediate income.; Located in a thriving industrial district of Corsicana.; Large industrial facility with **24,000+ square feet of space.**
