Flex Shop with Fenced
247 Rhoades Lane Springtown, TX 76082
New
247 Rhoades Lane, Springtown, TX, 76082
$150,000
For Sale
$150,000
Cinder block and concrete shop with double-wide end doors, fenced yard, and 200-amp underground electric service.
Property Size1,100 SF
Lot Size1.00 Acre
Price / SF$136.36
Days on Market3
Property Features for 247 Rhoades Lane
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Lot size
- 1.00 Acre
- Property subtype
- Business
Building Details
- Year Built
- 1984
Listing agency
eXp Realty, LLC
(888) 519-7431
Listed by
Rene Jensen · License #0586636
(214) 532-6823
Source
Lonestarluxuryrealty
Added: Jul 20 Updated: Jul 22 at 1:36AM Checked: Jul 22 at 5:05AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This flex property includes an approximately 1,000-square-foot cinder block and concrete shop with double-wide doors on each end. A back room offers additional space that can be used for storage, an office, or other needs. The shop is served by a 200-amp underground electric service with a new breaker panel, multiple LED shop lights, and indoor-outdoor ceiling fans. Two 50-amp outlets are installed, and air lines are run to the front shop, supporting equipment or workshop power needs.
Approximately half of the property is fenced, helping define usable outdoor space. The site is located outside the city limits with no HOA and no restrictions, positioned about 1,000 feet from Highway 199 behind the Dollar Store for practical roadway access while maintaining a quieter setting.
Designed for flexibility, the building and yard configuration can support light industrial or service-oriented operations, with built-in workspace plus room for parts, tools, and equipment storage within the enclosed shop area and the fenced portion of the yard.
Approximately half of the property is fenced, helping define usable outdoor space. The site is located outside the city limits with no HOA and no restrictions, positioned about 1,000 feet from Highway 199 behind the Dollar Store for practical roadway access while maintaining a quieter setting.
Designed for flexibility, the building and yard configuration can support light industrial or service-oriented operations, with built-in workspace plus room for parts, tools, and equipment storage within the enclosed shop area and the fenced portion of the yard.
Key Highlights
- 1984‑built cinder block and concrete shop with approximately 1,000 SF and double‑wide doors on each end
- 200‑amp underground electric service with new breaker panel, plus 3 LED shop lights and two 62 in indoor/outdoor ceiling fans
- Two 50‑amp outlets installed: one for an RV or welder and one for an air compressor with air lines to the front shop
Local Financial Insights For Flex RnD
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 | $13.2k | $12.00 |
| − Vacancy | −$792 | −$0.72 |
| EGI | $12.4k | $11.28 |
| − OpEx | −$4.3k | −$3.95 |
| NOI | $8.1k | $7.33 |
1,100 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$1.09M
$956.4K – $1.28M
NOI $76,512 @ 7.0% cap · market cap 51.01%
Second Best
Flex RnD
$115.2K
$100.8K – $134.4K
NOI $8,065 @ 7.0% cap · market cap 5.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Cinder block and concrete shop with double-wide end doors, fenced yard, and 200-amp underground electric service.
Where is this flex space located?
The property is located at 247 Rhoades Lane Springtown, TX.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1984‑built cinder block and concrete shop with approximately 1,000 SF and double‑wide doors on each end; 200‑amp underground electric service with new breaker panel, plus 3 LED shop lights and two 62 in indoor/outdoor ceiling fans; Two 50‑amp outlets installed: one for an RV or welder and one for an air compressor with air lines to the front shop
