Leased Industrial Warehouse
2400 S Business 45 Corsicana, TX 75110
2400 S Business 45, Corsicana, TX, 75110
$1,850,000
For Sale
$1,850,000
COMMERCIAL - Corsicana, TX
Property Size24,000 SF
Lot Size3.51 Acres
Price / SF$77.08
Days on Market140
Property Features for 2400 S Business 45
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Open
- Standard status
- Active
- APN
- 50483
- Lot size
- 3.51 Acres
Taxes and HOA fees
- Tax Description
- C0000 CORSICANA BLK 1362 LOT 1 3.507 ACRES
- Tax Annual Amount
- 5464
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Building materials
- MetalSiding
- Roof type
- Metal
Listing Agency
Coldwell Banker American Dream
(903) 887-7055
Gun Barrel City, TX
Listed by
Robert Blaase · License #0393397
(903) 887-7055
Added: Feb 28 Checked: Jul 18 at 4:06 am
MLS# 21193530
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.
Investment Insights
Based on property information with market context.
This industrial warehouse investment features 24,000+ square feet of space set on 3.507 acres. The property is currently held in a long-term lease with a vending company, providing an income component for investors seeking an industrial asset with an existing tenant. The building sits within a well-developed cluster of large industrial facilities, supporting its role in an established commercial hub.
Located in Corsicana, TX in Navarro County, the site benefits from an industrial setting with nearby warehouses and other sizable buildings. The surrounding development helps reinforce the property’s practical visibility and tenant fit within the local industrial district. The parcel size offers room associated with an industrial property footprint, while the existing lease structure simplifies the path to ownership.
For buyers, this offering can be a strong fit for those pursuing a long-term industrial hold strategy with in-place rental income. For tenants and operators evaluating the broader market, the property’s location among other industrial buildings aligns with typical warehouse demand and day-to-day business use. Whether you’re expanding an investment portfolio or underwriting a market-stable industrial asset, the combination of building size, acreage, and current long-term tenancy provides a clear, commercially relevant foundation.
Located in Corsicana, TX in Navarro County, the site benefits from an industrial setting with nearby warehouses and other sizable buildings. The surrounding development helps reinforce the property’s practical visibility and tenant fit within the local industrial district. The parcel size offers room associated with an industrial property footprint, while the existing lease structure simplifies the path to ownership.
For buyers, this offering can be a strong fit for those pursuing a long-term industrial hold strategy with in-place rental income. For tenants and operators evaluating the broader market, the property’s location among other industrial buildings aligns with typical warehouse demand and day-to-day business use. Whether you’re expanding an investment portfolio or underwriting a market-stable industrial asset, the combination of building size, acreage, and current long-term tenancy provides a clear, commercially relevant foundation.
Key Highlights
- 24,000+ SF industrial facility on 3.507 acres in Corsicana’s industrial district
- Long‑term lease with a vending company
- Metal roof and metal siding construction
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
Warehouse
$2.64M
$2.31M – $3.08M
NOI $184,658 @ 7.0% cap · market cap 9.98%
Second Best
Industrial
$2.20M
$1.92M – $2.57M
NOI $153,934 @ 7.0% cap · market cap 8.32%
Theoretical Best
Multifamily LT 5
$263.67M
$230.71M – $307.61M
NOI $18,456,557 @ 7.0% cap · market cap 997.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Master Vend
Big Box & Wholesale Store
Similar For Sale Nearby
Similar Off Market Nearby
- Corsicana Climate Storage — 210 S 12th St, Corsicana, TX 75110
- Ideal Self Storage - Corsicana 12th — 212 S 12th St, Corsicana, TX 75110
FAQs
What type of property is this?
Warehouse - A 24,000+ SF warehouse on 3.5 acres, offered for sale with a long-term vending company lease in an established industrial area.
Where is this warehouse 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 on 3.507 acres in Corsicana’s industrial district; Long‑term lease with a vending company; Metal roof and metal siding construction
