Flex Space with
New
For Sale
$259,000
2601 W 2nd Avenue, Corsicana, TX 75110
CommercialSale, Corsicana, TX
Property Size1,500 SF
Lot Size0.14 Acres
Price / SF$172.67
Days on Market1
Property Features for 2601 W 2nd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Comm
Parking features
Garage, Parking Lot
Security features
Security
Subdivision
Corsicana
Lot features
Corner Lot
Directions
2601 West 2nd Avenue Corsicana, Texas 75110
Standard status
Active
APN
57753
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
C0000 CORSICANA BLK 808C LOT 16 .141 ACRES
Tax Annual Amount
2478
Legal Description
C0000 CORSICANA BLK 808C LOT 16 .141 ACRES
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Number of units
1
Flooring type
Carpet
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Keller Williams Lonestar DFW · Keller Williams Realty
(817) 795-2500
Listed By:
Laura Richards · License #0616481
(903) 467-8613
Added: Sep 8
Last Checked: Sep 8 at 6:06PM
MLS# 21378898
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 1,500-square-foot flex property in Corsicana combines office space with a workshop area, offering a practical layout for varied commercial operations. The building was constructed in 1997 and features aluminum siding, carpeted flooring, a metal roof, central heating and central air conditioning, electric service, and ceiling fans. Parking is provided through an on-site lot and garage.
Located at 2601 W 2nd Avenue, the property occupies a 0.141-acre lot with public water and public sewer. The site is described as having high traffic, visibility, and convenient access, adding a prominent commercial setting to the existing office-and-workshop configuration.
Located at 2601 W 2nd Avenue, the property occupies a 0.141-acre lot with public water and public sewer. The site is described as having high traffic, visibility, and convenient access, adding a prominent commercial setting to the existing office-and-workshop configuration.
Key Highlights
- 1,500 square feet of flexible commercial space
- Office area paired with a workshop
- 0.141‑acre lot at 2601 W 2nd Avenue
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
Office B
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 9.69%
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial property combining office accommodations with a substantial workshop area and on-site parking.
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: 1,500 square feet of flexible commercial space; Office area paired with a workshop; 0.141‑acre lot at 2601 W 2nd Avenue
