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    Industrial Facility in Corsicana, TX Title is generated by Realmo AI

    2400 S Business 45, Corsicana, TX 75110

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    For Sale
    $1,850,000

    COMMERCIAL - Corsicana, TX

    Property size:
    24,860 SF
    Lot size:
    3.51 Acres
    Price / SF:
    $74/SF
    Added:
    Feb 11, 2025
    Days on Market:
    483
    Last Refresh:
    Jun 9 at 3:06 am

    Property Features for 2400 S Business 45

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm.
    Standard status
    Active
    APN
    C0000.00.13620.001.00.0
    Size
    24,860 SF
    Lot size
    3.51 Acres

    Taxes and HOA fees

    Tax Description
    Acres: 3.507, Block 1362, Lot 1, Corsicana

    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 Realty 600 West Main St., Gun Barrel City, TX

    Listing date Feb 11, 2025

    MLS# 108348

    Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 24,000+ SF Industrial Facility
    • Located on 3.507 Acres
    • Situated in Corsicana's Thriving Industrial District
    • Long‑Term Lease in Place with Vending Company
    • Surrounded by Other Large Industrial Buildings
    • Built in 1982

    Overview

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

    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 $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 (±1% cap)
    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 (±1% cap)
    NOI $19,117,917 @ 7.0% cap · market cap 1,033.40%
    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
    -96.453755
    Latitude
    32.072024

    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 3.507 Acres; Situated in Corsicana's Thriving Industrial District
    More about this property
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