Flex Space with
For Sale
Contact for pricing
255 W Princeton Dr, Princeton, TX 75407
The property combines professional office improvements with heated, insulated warehouse space and multiple ground-level doors.
Property Size4,305 SF
Price / SF$255.52
Days on Market9
Property Features for 255 W Princeton Dr
General Information
Standard status
Active
Size
4,305 SF
Class
B
Property subtype
Office, Industrial
Zoning
F3
Investment Type
Owner/User
Warehouse & Industrial
Warehouse Space
2,310 SF
Office Build-Out
1,995 SF
Drive-In Doors
4
Conditioned Warehouse
Yes
Additional Details
Office Units
1
Amenities
conference room
break room
Building Details
Year Built
2022
Stories
1
Tenancy
Multi
Listing Agency:
Compass Dallas
Listed By:
Chris DiGino · License #0564026
Source:
Crexi
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 4 at 3:44AM
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 Compass Dallas
Investment Insights
Based on property information with market context.
This flex property combines a 1,995-square-foot office component with 2,310 square feet of warehouse space. The office area includes four private offices, a reception area, conference room, break room, and two restrooms. The warehouse offers four ground-level automatic roll-up doors, each measuring 9 feet, along with heating, air conditioning, insulation, and a bathroom. Space is also available for an additional office build-out.
Zoned F3, the property is suited to construction, distribution, and warehouse-related operations. Vehicle-related businesses are also identified as a potential use, excluding mechanical and body work. The property is located at 255 W Princeton Dr in Princeton, Texas, with a total property size of 4,305 square feet.
Zoned F3, the property is suited to construction, distribution, and warehouse-related operations. Vehicle-related businesses are also identified as a potential use, excluding mechanical and body work. The property is located at 255 W Princeton Dr in Princeton, Texas, with a total property size of 4,305 square feet.
Key Highlights
- 4,305‑square‑foot flex property with office and warehouse components
- 1,995‑square‑foot office area with 4 private offices, reception, conference room, break room, and 2 restrooms
- 2,310‑square‑foot warehouse with 4 ground‑level automatic roll‑up doors
Financial Insights For Office B
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 | $94.5k | $21.96 |
| − Vacancy | −$21.7k | −$5.05 |
| EGI | $72.8k | $16.91 |
| − OpEx | −$18.2k | −$4.23 |
| NOI | $54.6k | $12.68 |
4,305 SF · lease $21.96/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Industrial
$4.28M
$3.74M – $4.99M
NOI $299,440 @ 7.0% cap · market cap 27.22%
Second Best
Office B
$779.9K
$682.5K – $909.9K
NOI $54,596 @ 7.0% cap · market cap 4.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75407, TX
25,738
Population
10,095
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
49.9 sq mi
ZIP Area
516
Density / Sq Mi
$92,076
Median Household Income
$48,912
Median Earnings
$1,867
Median Rent
$307,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The property combines professional office improvements with heated, insulated warehouse space and multiple ground-level doors.
Where is this flex space located?
The property is located at 255 W Princeton Dr Princeton, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,305‑square‑foot flex property with office and warehouse components; 1,995‑square‑foot office area with 4 private offices, reception, conference room, break room, and 2 restrooms; 2,310‑square‑foot warehouse with 4 ground‑level automatic roll‑up doors
