Grain Handling Facility with
For Sale
$1,100,000
2873 2871 Gin Rd, Inez, TX 77968
Grain handling facility featuring multiple large silos, unloading pits, elevator legs, office space, and a certified scale.
Property Size12,137 SF
Lot Size9.03 Acres
Days on Market132
Property Features for 2873 2871 Gin Rd
General Information
Standard status
Active
Size
12,137 SF
Lot size
9.03 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Building Size
12,137 SF
Year Built
1967
Listing Agency:
Woolson Real Estate Inc
Listed By:
Carl Koch · License #0718482
(361) 571-0987
Source:
Elliman
Added: Apr 27
Changed: Aug 25
Last Checked: Sep 4 at 3:14PM
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 Woolson Real Estate Inc
Investment Insights
Based on property information with market context.
A grain handling facility offered for sale, consisting of storage and supporting improvements built to move agricultural product in volume. The site includes a capacity totaling 428,571 bushels comprised of four 1 million lb. silos and four 5 million lb. silos, with one of the 1 million lb. silos replaced in 2018. Operations support infrastructure includes two unloading pits (one covered) and two elevator legs, along with an office, large barns, and a certified scale.
The property is approximately 9.03 acres and provides easy access for large trucks. While the facility has not operated at maximum capacity in recent years, the configuration and equipment are in place for grain storage and handling on-site.
The facility layout is oriented around the silos and receiving equipment, supported by office space and scale services through the existing certified scale.
The property is approximately 9.03 acres and provides easy access for large trucks. While the facility has not operated at maximum capacity in recent years, the configuration and equipment are in place for grain storage and handling on-site.
The facility layout is oriented around the silos and receiving equipment, supported by office space and scale services through the existing certified scale.
Key Highlights
- Grain handling facility (Year built 1967) with capacity of 428,571 bushels
- Four 1 million lb. silos and four 5 million lb. silos; one 1 million lb. silo replaced in 2018
- Includes 2 unloading pits (1 covered) and 2 elevator legs
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
$75,894
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
6.90%
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%
$1,517,880
$1.5M
Cap Rate 7%
$1,084,200
$1.1M
Cap Rate 9%
$843,267
$843.3K
Market Conditions
NOI Build-Up for 12,137 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
$97.6K $8.04/SF
− Vacancy
−$8.3K −$0.68/SF
EGI
$89.3K $7.36/SF
− OpEx
−$13.4K −$1.10/SF
NOI
$75.9K $6.25/SF
Area
Victoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$1,517,880
Cap Rate 7%
$1,084,200
Cap Rate 9%
$843,267
Alternative Uses
Best Use
Warehouse
$1.08M
$948.7K – $1.26M
NOI $75,894 @ 7.0% cap · market cap 6.90%
Second Best
Industrial
$892.9K
$781.3K – $1.04M
NOI $62,501 @ 7.0% cap · market cap 5.68%
Theoretical Best
Multifamily LT 5
$133.34M
$116.67M – $155.56M
NOI $9,333,634 @ 7.0% cap · market cap 848.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 77968, TX
3,398
Population
1,309
Households
2.6
Avg Household Size
40
Median Age
32%
College-Educated
98%
High-School Grad
194.7 sq mi
ZIP Area
17
Density / Sq Mi
$80,281
Median Household Income
$46,390
Median Earnings
$778
Median Rent
$225,700
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?
Distribution center - Grain handling facility featuring multiple large silos, unloading pits, elevator legs, office space, and a certified scale.
Where is this distribution center located?
The property is located at 2873 2871 Gin Rd Inez, 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: Grain handling facility (Year built 1967) with capacity of 428,571 bushels; Four 1 million lb. silos and four 5 million lb. silos; one 1 million lb. silo replaced in 2018; Includes 2 unloading pits (1 covered) and 2 elevator legs
