Commercial Land with
2907 HIGHWAY 66 Caddo Mills, TX 75135
For Sale
$350,000
LAND - Caddo Mills, TX
Property Size2,160 SF
Lot Size2.17 Acres
Price / SF$162.04
Days on Market47
Property Features for 2907 HIGHWAY 66
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 27121
- Lot size
- 2.17 Acres
Utilities
- Water source
- Public
Listing Agency:
Thornberry Land Company LLC
(817) 680-7171
Listed By:
Grant Brodeur · License #0514486
(817) 680-7171
Added: Jun 9
Changed: Jun 10
Last Checked: Jul 25 at 11:06PM
MLS# 21296396
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Investment Insights
Based on property information with market context.
Located within the city limits of Caddo Mills, Texas, this property consists of commercial land with an existing 2,160 sf warehouse on site. The site offers visibility and access from S.H. 66, with over 245 feet of frontage.
The property is free and clear of the floodplain. Existing water line services the site, and sewer is stubbed to the west at N. Rock Rd. Existing land use is listed as Commercial, with a Future Land Use of Neighborhood Services.
The offering provides a developed component through the on-site warehouse while retaining the underlying land value for commercial redevelopment within the stated land-use framework.
The property is free and clear of the floodplain. Existing water line services the site, and sewer is stubbed to the west at N. Rock Rd. Existing land use is listed as Commercial, with a Future Land Use of Neighborhood Services.
The offering provides a developed component through the on-site warehouse while retaining the underlying land value for commercial redevelopment within the stated land-use framework.
Key Highlights
- Existing 2,160 SF warehouse on‑site within the city limits of Caddo Mills, TX
- Over 245 ft of frontage on S.H. 66 with visibility and access from the highway
- Water source: public; site has an existing water line service
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.4k | $9.00 |
| − Vacancy | −$1.8k | −$0.82 |
| EGI | $17.7k | $8.18 |
| − OpEx | −$2.7k | −$1.23 |
| NOI | $15.0k | $6.95 |
2,160 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$214.6K
$187.8K – $250.3K
NOI $15,020 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.15M
$1.88M – $2.50M
NOI $150,242 @ 7.0% cap · market cap 42.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Warehouse - Commercially zoned land includes a 2,160 sf warehouse and 245+ feet of Highway 66 frontage.
Where is this warehouse located?
The property is located at 2907 HIGHWAY 66 Caddo Mills, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Existing 2,160 SF warehouse on‑site within the city limits of Caddo Mills, TX; Over 245 ft of frontage on S.H. 66 with visibility and access from the highway; Water source: public; site has an existing water line service
