Flex Warehouse with 12' Clear
3115 Sabine Street Forest Hill, TX 76119
New
3115 Sabine Street, Forest Hill, TX, 76119
$799,999
For Sale
$799,999
Renovated flex warehouse includes office space, dock and roll-up doors, perimeter fencing, and climate-controlled warehouse area.
Property Size6,150 SF
Price / SF$130.08
Days on Market2
Property Features for 3115 Sabine Street
General Information
- Standard status
- Active
- Size
- 6,150 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1968
Listing agency
Compass RE Texas, LLC
(214) 814-8100
Listed by
Michael Karol · License #0661261
Source
Nilesrealtygroup
Added: Jul 20 Updated: Jul 21 at 1:18PM Checked: Jul 21 at 1:18PM
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 flex warehouse was fully renovated in 2025 and is currently vacant, offering a combined office and warehouse setup designed for operational flexibility. The office portion includes updated lighting, fresh paint, and new LVP flooring, with an open reception area featuring high ceilings, three private office suites, a common area bathroom, and a galley kitchen with a secondary exterior entry door.
The warehouse is a steel frame structure with a metal roof and perimeter fencing, providing approximately 12' of interior clear height. The 5,050 SF warehouse area is fully encapsulated with new expanding cell foam insulation and served by a new 4-ton commercial HVAC heat pump system with spiral ducting for climate control throughout. Electrical is upgraded with 3-phase power, new panels, conduits, and wiring, plus multiple 60-amp receptacle locations.
Operational access includes a ground-level dock with a metal roll-up door to the main interior bay, along with an additional 10' tall garage door that can be used to isolate interior bays as needed. The rear of the property abuts BNSF Railway and includes approximately 2,500 SF of unpaved outdoor yard space, with a portion covered by a metal awning for dry storage.
The warehouse is a steel frame structure with a metal roof and perimeter fencing, providing approximately 12' of interior clear height. The 5,050 SF warehouse area is fully encapsulated with new expanding cell foam insulation and served by a new 4-ton commercial HVAC heat pump system with spiral ducting for climate control throughout. Electrical is upgraded with 3-phase power, new panels, conduits, and wiring, plus multiple 60-amp receptacle locations.
Operational access includes a ground-level dock with a metal roll-up door to the main interior bay, along with an additional 10' tall garage door that can be used to isolate interior bays as needed. The rear of the property abuts BNSF Railway and includes approximately 2,500 SF of unpaved outdoor yard space, with a portion covered by a metal awning for dry storage.
Key Highlights
- Fully renovated flex warehouse (1968) with modern office finishes and major functional upgrades in 2025
- Office space totals 1,100 SF with updated lighting, fresh paint, new LVP flooring, open reception, 3 private offices, bath, and galley kitchen
- 5,050 SF steel frame warehouse with 12' interior clear height via 12' vertical I‑beams and perimeter fencing
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 13.28%
Second Best
Flex RnD
$964.9K
$844.3K – $1.13M
NOI $67,542 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,438 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Renovated flex warehouse includes office space, dock and roll-up doors, perimeter fencing, and climate-controlled warehouse area.
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 $799,999.
What are key features of this property?
This property features: Fully renovated flex warehouse (1968) with modern office finishes and major functional upgrades in 2025; Office space totals 1,100 SF with updated lighting, fresh paint, new LVP flooring, open reception, 3 private offices, bath, and galley kitchen; 5,050 SF steel frame warehouse with 12' interior clear height via 12' vertical I‑beams and perimeter fencing
