Divisible Flex Warehouse
For Sale
Contact for pricing
2655 E Audie Murphy Pkwy, Farmersville, TX 75442
2024-built flex warehouse facility with six buildings and divisible bays featuring ample on-site parking.
Property Size6,000 SF
Price / SF$225
Days on Market116
Property Features for 2655 E Audie Murphy Pkwy
General Information
Standard status
Active
Size
6,000 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2024
Listing Agency:
Knake Dodge & Company
(214) 263-0293
Listed By:
Tom Dodge
(214) 566-4196
Source:
Moodyscre
Added: May 13
Changed: Jul 22
Last Checked: Jul 22 at 5:19AM
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 Knake Dodge & Company
Investment Insights
Based on property information with market context.
This 2024-built flex warehouse facility totals 36,000 SF across six separate 6,000 SF buildings. The property is designed to be divisible into 1,500 SF bays, making it suitable for a range of smaller occupancy needs within the overall flex warehouse configuration. Ample parking is available at a stated 3.5 spaces per 1,000 SF.
The facility is located on major Highway 380 in Farmersville, Texas, with proximity described to Princeton, McKinney, and Wiley, TX.
For buyers seeking a multi-building flex warehouse setup, the combination of six buildings and 1,500 SF divisibility supports flexible leasing and occupancy planning while maintaining an organized warehouse-bay layout.
The facility is located on major Highway 380 in Farmersville, Texas, with proximity described to Princeton, McKinney, and Wiley, TX.
For buyers seeking a multi-building flex warehouse setup, the combination of six buildings and 1,500 SF divisibility supports flexible leasing and occupancy planning while maintaining an organized warehouse-bay layout.
Key Highlights
- 2024‑built flex warehouse on Highway 380 in Farmersville, minutes from Princeton, McKinney, and Wiley, TX
- 36,000 SF total across six 6,000 SF buildings
- Divisible into 1,500 SF bays
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
$43,992
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
3.26%
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%
$879,840
$879.8K
Cap Rate 7%
$628,457
$628.5K
Cap Rate 9%
$488,800
$488.8K
Market Conditions
NOI Build-Up for 6,000 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
$72.0K $12.00/SF
− Vacancy
−$4.3K −$0.72/SF
EGI
$67.7K $11.28/SF
− OpEx
−$23.7K −$3.95/SF
NOI
$44.0K $7.33/SF
Area
Collin County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$879,840
Cap Rate 7%
$628,457
Cap Rate 9%
$488,800
Alternative Uses
Best Use
Industrial
$5.96M
$5.22M – $6.96M
NOI $417,338 @ 7.0% cap · market cap 30.91%
Second Best
Flex RnD
$628.5K
$549.9K – $733.2K
NOI $43,992 @ 7.0% cap · market cap 3.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75442, TX
11,241
Population
4,060
Households
2.8
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
107.6 sq mi
ZIP Area
104
Density / Sq Mi
$84,591
Median Household Income
$48,482
Median Earnings
$1,501
Median Rent
$330,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 2024-built flex warehouse facility with six buildings and divisible bays featuring ample on-site parking.
Where is this flex space located?
The property is located at 2655 E Audie Murphy Pkwy Farmersville, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2024‑built flex warehouse on Highway 380 in Farmersville, minutes from Princeton, McKinney, and Wiley, TX; 36,000 SF total across six 6,000 SF buildings; Divisible into 1,500 SF bays
