Lancaster Warehouse with Office
For Sale
$2,000,000
301 E PECAN ST, Lancaster, TX 75146
19,190 SF warehouse with office, heavy power, expandable parking.
Property Size19,190 SF
Lot Size4.00 Acres
Price / SF$104.22
Days on Market265
Property Features for 301 E PECAN ST
General Information
Standard status
Active
Size
19,190 SF
Lot size
4.00 Acres
Property subtype
Industrial
Building Details
Building Size
19,190 SF
Year Built
1989
Listed By:
Ken Wesson, SIOR, CCIM
(469) 855-5222
Source:
Lee-associates
Added: Jan 27
Changed: Oct 12
Last Checked: Oct 19 at 5:10AM
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 Ken Wesson, SIOR, CCIM
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Investment Insights
Based on property information with market context.
The property features a total of 19,190 square feet, including approximately 4,196 square feet of office space and approximately 4,365 square feet of warehouse space with an 18-foot clear height. An additional 10,629 square feet consists of drop ceiling warehouse space that can be raised. The property includes two dock doors and both traditional storage and drop ceiling air-conditioned rooms. There are 58 car parking spaces available, with the potential for expansion. The property is equipped with heavy power, approximately 2000 amps at 480V with 3-phase. Situated on approximately 4 acres, an additional 10 acres are also available.
Key Highlights
- Heavy Power: Boasting ±2000 AMPS / 480V - 3 Phase.
- Large Acreage: Situated on ±4 Acres, with an additional ±10 Acres available.
- Substantial Warehouse Space: Features ±4,365 SF with 18’ Clear Height, plus ±10,629 SF Drop Ceiling Warehouse (Can be Raised).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,794
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,415,880
$2.4M
Cap Rate 7%
$1,725,629
$1.7M
Cap Rate 9%
$1,342,156
$1.3M
Market Conditions
NOI Build-Up for 19,190 SF
Gross rent
$155.8K $8.12/SF
− Vacancy
−$13.7K −$0.71/SF
EGI
$142.1K $7.41/SF
− OpEx
−$21.3K −$1.11/SF
NOI
$120.8K $6.29/SF
Area
Dallas County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,415,880
Cap Rate 7%
$1,725,629
Cap Rate 9%
$1,342,156
Alternative Uses
Best Use
Office B
$3.89M
$3.40M – $4.53M
NOI $272,018 @ 7.0% cap · market cap 13.60%
Second Best
Warehouse
$1.73M
$1.51M – $2.01M
NOI $120,794 @ 7.0% cap · market cap 6.04%
Theoretical Best
Multifamily LT 5
$230.02M
$201.27M – $268.36M
NOI $16,101,667 @ 7.0% cap · market cap 805.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75146, TX
23,837
Population
9,575
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
87%
High-School Grad
34.7 sq mi
ZIP Area
687
Density / Sq Mi
$70,143
Median Household Income
$42,889
Median Earnings
$1,560
Median Rent
$249,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Atlas Self Storage — 400 N Jefferson St, Lancaster, TX 75146
- Lancaster Storage — 400 N Jefferson St, Lancaster, TX 75146
Frequently Asked Questions
What type of property is this?
Warehouse - 19,190 SF warehouse with office, heavy power, expandable parking.
Where is this warehouse located?
The property is located at 301 E PECAN ST Lancaster, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Heavy Power: Boasting ±2000 AMPS / 480V - 3 Phase.; Large Acreage: Situated on ±4 Acres, with an additional ±10 Acres available.; Substantial Warehouse Space: Features ±4,365 SF with 18’ Clear Height, plus ±10,629 SF Drop Ceiling Warehouse (Can be Raised).
