Flex Space with
For Sale
$259,000
2601 W 2nd Avenue, Corsicana, TX 75110
Versatile commercial property combines office space with a dedicated workshop area for operational flexibility.
Property Size1,500 SF
Price / SF$172.67
Days on Market51
Property Features for 2601 W 2nd Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Industrial
Building Details
Year Built
1997
Listing Agency:
Keller Williams Lonestar DFW
(817) 795-2500
Listed By:
Laura Richards · License #0616481
(903) 467-8613
Source:
Lonestarluxuryrealty
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 30 at 3:48PM
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 Keller Williams Lonestar DFW
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Investment Insights
Based on property information with market context.
This flex property offers approximately 1,500 square feet arranged with office space and a workshop area. The combination supports a range of commercial operations that need both administrative space and room for hands-on work, storage, or equipment handling.
Built in 1997, the property is located at 2601 W 2nd Avenue in Corsicana, Texas. Its commercial configuration provides a practical foundation for an owner-user or business seeking a combined office and work area.
Built in 1997, the property is located at 2601 W 2nd Avenue in Corsicana, Texas. Its commercial configuration provides a practical foundation for an owner-user or business seeking a combined office and work area.
Key Highlights
- Approximately 1,500 square feet of commercial space
- Office area paired with a workshop
- Flex‑space configuration for combined administrative and operational needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,621
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,420
$192.4K
Cap Rate 7%
$137,443
$137.4K
Cap Rate 9%
$106,900
$106.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$15.1K $10.08/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$13.7K $9.16/SF
− OpEx
−$4.1K −$2.75/SF
NOI
$9.6K $6.41/SF
Area
Navarro County, TX
Vacancy
9.10%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,420
Cap Rate 7%
$137,443
Cap Rate 9%
$106,900
Alternative Uses
Best Use
Retail
$355.7K
$311.2K – $415.0K
NOI $24,898 @ 7.0% cap · market cap 9.61%
Second Best
Industrial
$137.4K
$120.3K – $160.4K
NOI $9,621 @ 7.0% cap · market cap 3.71%
Theoretical Best
Multifamily LT 5
$16.48M
$14.42M – $19.23M
NOI $1,153,535 @ 7.0% cap · market cap 445.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property combines office space with a dedicated workshop area for operational flexibility.
Where is this flex space located?
The property is located at 2601 W 2nd Avenue Corsicana, TX.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Approximately 1,500 square feet of commercial space; Office area paired with a workshop; Flex‑space configuration for combined administrative and operational needs
