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    Warehouse with Office and Docks Title is generated by Realmo AI

    31 Steel Road, Wylie, TX 75098

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    Claim this Listing
    For Lease
    $12,500/Mo $15 SF/Yr (calc)

    COMMERCIAL - Wylie, TX

    Property size:
    9,903 SF
    Lot size:
    2.00 Acres
    Added:
    Sep 25, 2025
    Days on Market:
    252
    Last Refresh:
    Jun 3 at 2:06 am

    Property Features for 31 Steel Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot, Open
    Standard status
    Active
    APN
    R683500003501
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    ABS A0835 W M SACHSE SURVEY, TRACT 35, 2.0 AC

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Zoned
    Cooling system
    Zoned, Electric
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Xu Wang

    Listing agent Xu Wang License #0759548

    Listing office Texas Signature Realty Houston, TX

    Listing date Sep 25, 2025

    MLS# 21031797

    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.

    HighLights

    • Total rentable area ~9,903 SF with a dedicated 2,000 SF office
    • 17 ft clear height warehouse space for racking, pallet storage, or bulk inventory
    • Four dock‑high loading doors plus one drive‑in grade‑level door for loading and logistics
    • Light Industrial zoning; single‑tenant configuration
    • Public water and public sewer; metal roof and concrete flooring; metal siding and concrete construction
    • Available September 1, 2025; convenient access to FM 544 and South Highway 78

    Overview

    This warehouse facility combines a functional logistics layout with dedicated office space. The property includes a dedicated 2,000 SF office and a warehouse portion with 17 ft clear height, supporting racking and bulk inventory storage. Loading access is designed for day-to-day shipping and receiving, featuring four dock-high loading doors and one drive-in grade-level door. Outside, the site offers ample outdoor storage space that can support equipment staging or additional inventory needs. The building is set up for a single-tenant configuration, providing operational control and flexibility for the right user.

    Located in Wylie within an established industrial setting, the property offers convenient access to FM 544 and South Highway 78, connecting operations to the broader DFW Metroplex. The site also benefits from Light Industrial zoning, supporting industrial activity that aligns with warehousing and related uses.

    This configuration is well suited for businesses that need both distribution-ready warehouse space and on-site administration. The clear height, dock positioning, and available outdoor storage make it a practical fit for light manufacturing or assembly, repair and service operations, or processing and other light industrial activities. Available September 1, 2025, it presents a straightforward option for tenants seeking a single-tenant warehouse and office environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wylie
    County
    Collin
    State
    Texas
    Longitude
    -96.583864
    Latitude
    33.00786

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    FAQs

    What type of property is this?
    Flex space - Light industrial warehouse with a dedicated office and multiple dock doors for efficient distribution operations.
    Where is this flex space located?
    The property is located at 31 Steel Road Wylie, TX.
    What is the lease rate?
    The lease rate is $12,500 /Mo.
    What are key features of this property?
    This property features: Total rentable area ~9,903 SF with a dedicated 2,000 SF office; 17 ft clear height warehouse space for racking, pallet storage, or bulk inventory; Four dock‑high loading doors plus one drive‑in grade‑level door for loading and logistics
    (832) 876-2093
    We can help!
    Listing Contact
    Xu Wang
    Real Estate License ID: 0759548
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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