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 Market220
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
Listing Agency:
Lee & Associates - Dallas/Fort Worth
Listed By:
Ken Wesson, SIOR, CCIM · License #439839
(469) 855-5222
Source:
Lee-associates
Added: Jan 27
Changed: Sep 4
Last Checked: Sep 4 at 3:28AM
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 Lee & Associates - Dallas/Fort Worth
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 = 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
$120,794
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
6.04%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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).
