Flex Space with
New
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 Market6
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: Sep 13
Last Checked: Sep 15 at 6:47AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,621
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Explore this area
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
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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
