Renovated Flex Warehouse with
3115 Sabine Street Forest Hill, TX 76119
3115 Sabine Street, Forest Hill, TX, 76119
$799,999
For Sale
$799,999
COMMERCIAL - Forest Hill, TX
Property Size6,150 SF
Lot Size0.31 Acres
Price / SF$130.08
Days on Market9
Property Features for 3115 Sabine Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot, On Street
- Security features
- Security
- Standard status
- Active
- APN
- 03172511
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- TRENTMAN CITY ADDITION BLOCK 19 LOT 18B
- Tax Annual Amount
- 4484
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Zoned, Electric (Heating)
- Cooling system
- Electric, Central Air, Zoned
- Water source
- Public
Building Details
- Year built
- 1968
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete, Vinyl
- Building materials
- MetalSiding, Rock, Stone, Stucco
- Roof type
- Metal
Listing Agency
Compass RE Texas, LLC
(214) 814-8100
Dallas, TX
Listed by
Michael Karol · License #0661261
(214) 814-8100
Added: Jul 10 Checked: Jul 18 at 5:06 am
MLS# 21288301
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.
Investment Insights
Based on property information with market context.
A fully renovated flex warehouse featuring a steel-frame warehouse with a metal roof and 12' interior clear height supported by 12' vertical I-beams. The property includes an office portion with 1,100 SF, updated lighting, fresh paint, and new LVP flooring, with an open reception area, three private office suites, a common area bathroom, and a galley kitchen with a secondary exterior entry door. The warehouse interior is fully encapsulated with new expanding cell foam insulation and includes a new 4-ton commercial HVAC heat pump system with spiral ducting for climate control throughout. Three-phase power, including new panels, conduits, and electrical wiring, supports multiple 60-amp receptacle locations.
The entrance from Sabine Street is controlled by a 25' wide metal security gate at the main office entrance. The warehouse provides a ground-level dock with a metal roll-up door opening to an interior bay, plus an additional 10' tall garage door to isolate bays. Perimeter fencing surrounds the building, and the rear abuts the BNSF Railway. Outdoor space includes roughly 2,500 SF of unpaved yard area, with a portion covered by a metal awning for dry storage.
Currently vacant and offered for sale, the location is described as within Loop I-820 and less than half of a mile from Bus Hwy 287.
The entrance from Sabine Street is controlled by a 25' wide metal security gate at the main office entrance. The warehouse provides a ground-level dock with a metal roll-up door opening to an interior bay, plus an additional 10' tall garage door to isolate bays. Perimeter fencing surrounds the building, and the rear abuts the BNSF Railway. Outdoor space includes roughly 2,500 SF of unpaved yard area, with a portion covered by a metal awning for dry storage.
Currently vacant and offered for sale, the location is described as within Loop I-820 and less than half of a mile from Bus Hwy 287.
Key Highlights
- Fully renovated in 2025 flex warehouse with 1,100 SF office and 5,050 SF warehouse space
- 12' interior clear height with steel frame warehouse, metal roof, and perimeter fencing
- Warehouse insulated with expanding cell foam and equipped with a new 4‑ton commercial HVAC heat pump for 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 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
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 with office buildout, fenced steel-frame warehouse, and dock-ready bays plus unpaved outdoor storage.
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 in 2025 flex warehouse with 1,100 SF office and 5,050 SF warehouse space; 12' interior clear height with steel frame warehouse, metal roof, and perimeter fencing; Warehouse insulated with expanding cell foam and equipped with a new 4‑ton commercial HVAC heat pump for climate control
