Flex Facility with Gravel
New
For Sale
$525,000
2905 N Business 45, Corsicana, TX 75110
Land, Corsicana, TX
Property Size3,600 SF
Lot Size3.32 Acres
Price / SF$145.83
Days on Market3
Property Features for 2905 N Business 45
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Corsicana
Lot features
Acreage
Elementary school
Houston
Middle school
Corsicana
High school
Corsicana
Elementary school district
Corsicana ISD
Middle school district
Corsicana ISD
High school district
Corsicana ISD
Directions
Going South on Business 45 the property will be on your left
Standard status
Active
APN
34373
Lot size
3.32 Acres
Taxes and HOA fees
Tax Description
C0000 CORSICANA BLK 1034C LOT 1 3.32 ACRES
Tax Annual Amount
4580
Legal Description
C0000 CORSICANA BLK 1034C LOT 1 3.32 ACRES
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2016
Listing Agency:
Blue Duck Real Estate
(469) 441-1729
Listed By:
Blake Emert · License #0612624
(972) 278-5000
Added: Aug 22
Last Checked: Aug 24 at 8:06PM
MLS# 21366934
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 3,600-square-foot flex facility combines a shop and warehouse area with two private offices, creating a practical configuration for industrial, service, and administrative functions. The structure was built in 2016 and is accompanied by a broad gravel yard that supports parking, vehicle maneuvering, and outdoor storage. Public water and public sewer serve the property.
Located at 2905 N Business 45 in Corsicana, the property offers direct exposure along Business 45 with access suited to customers, commercial vehicles, and heavy equipment. The combination of enclosed workspace, office accommodations, and usable yard area supports a range of operational needs within one commercial property.
Located at 2905 N Business 45 in Corsicana, the property offers direct exposure along Business 45 with access suited to customers, commercial vehicles, and heavy equipment. The combination of enclosed workspace, office accommodations, and usable yard area supports a range of operational needs within one commercial property.
Key Highlights
- 3,600 SF flex facility with shop and warehouse space
- Two private offices included in the building
- Gravel yard provides parking, maneuvering area, and exterior storage
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
$27,699
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
5.28%
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%
$553,980
$554.0K
Cap Rate 7%
$395,700
$395.7K
Cap Rate 9%
$307,767
$307.8K
Market Conditions
NOI Build-Up for 3,600 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
$36.3K $10.08/SF
− Vacancy
−$3.7K −$1.03/SF
EGI
$32.6K $9.05/SF
− OpEx
−$4.9K −$1.36/SF
NOI
$27.7K $7.69/SF
Area
Navarro County, TX
Vacancy
10.20%
Lease Rate
$10.08 /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%
$553,980
Cap Rate 7%
$395,700
Cap Rate 9%
$307,767
Alternative Uses
Best Use
Warehouse
$395.7K
$346.2K – $461.7K
NOI $27,699 @ 7.0% cap · market cap 5.28%
Second Best
Industrial
$329.9K
$288.6K – $384.8K
NOI $23,090 @ 7.0% cap · market cap 4.40%
Theoretical Best
Multifamily LT 5
$39.55M
$34.61M – $46.14M
NOI $2,768,483 @ 7.0% cap · market cap 527.33%
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
64
Businesses Nearby
Well-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 Industrial 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 - Functional commercial property with warehouse space, private offices, and a substantial outdoor area for vehicle and equipment operations.
Where is this flex space located?
The property is located at 2905 N Business 45 Corsicana, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,600 SF flex facility with shop and warehouse space; Two private offices included in the building; Gravel yard provides parking, maneuvering area, and exterior storage
