Renovated Flex Warehouse with
3115 Sabine Street Forest Hill, TX 76119
3115 Sabine Street, Forest Hill, TX, 76119
$899,999
For Sale
$899,999
Fully renovated flex warehouse offers climate-controlled warehouse space plus a finished office for versatile industrial use.
Property Size6,150 SF
Price / SF$146.34
Days on Market49
Property Features for 3115 Sabine Street
General Information
- Standard status
- Active
- Size
- 6,150 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing agency
Compass RE Texas, LLC
(817) 714-7769
Listed by
Michael Karol · License #0661261
(817) 714-7769
Source
Signaturere
Added: Jun 4 Updated: Jul 10 at 1:48PM Checked: Jul 22 at 6:39AM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This renovated flex warehouse combines a finished office with a steel-frame warehouse designed for practical day-to-day operations. The office area totals 1,100 SF and includes an open reception space with high ceilings, three private office suites, a common area bathroom, and a galley kitchen with a secondary exterior entry. The 5,050 SF warehouse portion has been fully encapsulated with new expanding cell foam insulation and includes new HVAC heat pump equipment with spiral ducting intended to provide climate control throughout. Electrical upgrades include 3-phase power with new panels, conduits, and wiring, along with multiple 60-amp receptacle locations.
The property is accessed via Sabine Street through a 25' wide metal security gate positioned off the main office entrance. Warehouse height is supported by 12' vertical I-beams, providing 12' of interior clear height. A ground-level dock serves the middle interior bay through a metal roll-up door, and an additional 10' tall garage door can help isolate interior bays as needed. Perimeter fencing surrounds the warehouse. The rear abuts BNSF Railway and includes approximately 2,500 SF of unpaved yard space, with a portion covered by a metal awning for outdoor dry storage. The property is currently vacant.
The layout and upgrades make this offering well-suited for tenants seeking an end-user flex setup that supports both administrative functions and warehouse operations in one controlled facility. For buyers, the renovated office finishes, insulated warehouse envelope, and updated power and HVAC infrastructure provide a ready-to-operate configuration aligned with a range of shop-and-logistics style uses.
The property is accessed via Sabine Street through a 25' wide metal security gate positioned off the main office entrance. Warehouse height is supported by 12' vertical I-beams, providing 12' of interior clear height. A ground-level dock serves the middle interior bay through a metal roll-up door, and an additional 10' tall garage door can help isolate interior bays as needed. Perimeter fencing surrounds the warehouse. The rear abuts BNSF Railway and includes approximately 2,500 SF of unpaved yard space, with a portion covered by a metal awning for outdoor dry storage. The property is currently vacant.
The layout and upgrades make this offering well-suited for tenants seeking an end-user flex setup that supports both administrative functions and warehouse operations in one controlled facility. For buyers, the renovated office finishes, insulated warehouse envelope, and updated power and HVAC infrastructure provide a ready-to-operate configuration aligned with a range of shop-and-logistics style uses.
Key Highlights
- Fully renovated in 2025 flex warehouse in Forest Hill, built in 1968 and currently vacant
- Warehouse features 12' interior clear height with perimeter fencing and steel frame construction with metal roof on 12' vertical I‑beams
- 5,050 SF warehouse portion is fully insulated with expanding cell foam and includes 4‑ton commercial HVAC heat pump for 100% climate control
Local Financial Insights For Flex RnD
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 | $118.1k | $19.20 |
| − Vacancy | −$14.2k | −$2.30 |
| EGI | $103.9k | $16.90 |
| − OpEx | −$36.4k | −$5.91 |
| NOI | $67.5k | $10.98 |
6,150 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,272 @ 7.0% cap · market cap 11.81%
Second Best
Flex RnD
$964.9K
$844.3K – $1.13M
NOI $67,542 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,438 @ 7.0% cap · market cap 16.83%
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 For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully renovated flex warehouse offers climate-controlled warehouse space plus a finished office for versatile industrial use.
Where is this flex space located?
The property is located at 3115 Sabine Street Forest Hill, TX.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Fully renovated in 2025 flex warehouse in Forest Hill, built in 1968 and currently vacant; Warehouse features 12' interior clear height with perimeter fencing and steel frame construction with metal roof on 12' vertical I‑beams; 5,050 SF warehouse portion is fully insulated with expanding cell foam and includes 4‑ton commercial HVAC heat pump for 100% climate control
