Red Oak Industrial Flex
307 N State Highway 342 Red Oak, TX 75154
For Sale
$499,000
3,000 SF flex space in Red Oak, Texas.
Property Size3,000 SF
Price / SF$166.33
Days on Market96
Property Features for 307 N State Highway 342
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1994
Listing Agency:
Keller Williams Fort Worth
(817) 920-7770
Listed By:
Curtis Evans · License #0528557
(817) 235-0204
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 4:03PM
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 Keller Williams Fort Worth
Investment Insights
Based on property information with market context.
This 3,000 square foot industrial flex building, zoned C1, is located in Red Oak, Texas. The property offers opportunities for light commercial or specialized use. Previously used as a canvasing business, the building is suited for storage, workshop space, or a combination of office and warehouse space. The property features an open floor plan with workspace flexibility, high ceilings, and room for equipment or inventory, as well as an office area. The location provides convenient access to I-35E and major thoroughfares. The property will require city approvals and upgrades for future use, and buyers should verify requirements with the City of Red Oak. It is suitable for small businesses seeking affordable square footage in a business-friendly area.
Key Highlights
- 3,000 SF Industrial Flex Space, ready for your business.
- Zoned C1 in Red Oak, TX.
- Open floor plan offers workspace flexibility.
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 | $27.0k | $9.00 |
| − Vacancy | −$2.5k | −$0.82 |
| EGI | $24.5k | $8.18 |
| − OpEx | −$3.7k | −$1.23 |
| NOI | $20.9k | $6.95 |
3,000 SF · lease $9.00/SF/yr · vacancy 9.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$298.0K
$260.8K – $347.7K
NOI $20,862 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$222.2K
$194.4K – $259.2K
NOI $15,551 @ 7.0% cap · market cap 3.12%
Theoretical Best
Multifamily LT 5
$32.73M
$28.64M – $38.19M
NOI $2,291,446 @ 7.0% cap · market cap 459.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- My Father’s Table TX — 103 Waller St, Red Oak, TX 75154
FAQs
What type of property is this?
Flex space - 3,000 SF flex space in Red Oak, Texas.
Where is this flex space located?
The property is located at 307 N State Highway 342 Red Oak, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,000 SF Industrial Flex Space, ready for your business.; Zoned C1 in Red Oak, TX.; Open floor plan offers workspace flexibility.
