Industrial Facility in Corsicana,
2400 S Business 45 Corsicana, TX 75110
For Sale
$1,850,000
COMMERCIAL - Corsicana, TX
Property Size24,860 SF
Lot Size3.51 Acres
Price / SF$74.42
Days on Market528
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
Listing Agency:
Coldwell Banker American Dream Realty
(903) 887-7055
Listed By:
Robert Blaase · License #0393397
(214) 803-2289
Added: Feb 11, 2025
Changed: Jun 16
Last Checked: Jul 24 at 6:06AM
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 24,000+ SF Industrial Facility
- Located on 3.507 Acres
- Situated in Corsicana's Thriving Industrial District
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Master Vend
Big Box & Wholesale Store
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
