Fenced Flex Space with
New
For Sale
$750,000
315 Highway 114, Bridgeport, TX 76426
Commercially zoned property combines office areas, storage, and a secured workshop setting.
Property Size5,000 SF
Days on Market4
Property Features for 315 Highway 114
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
5,000 SF
Year Built
1982
Stories
1
Units
1
Listing Agency:
Texas Homes and Land Real Estate, LLC
(940) 395-9966
Listed By:
Jessica Self · License #0792629
(940) 395-9966
Source:
Cuddrealtyinc
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 2:15PM
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 Texas Homes and Land Real Estate, LLC
Investment Insights
Based on property information with market context.
This flex-space property occupies approximately 2.7 acres at 315 Highway 114 in Bridgeport, Texas. The site includes a fully fenced and gated layout with gravel parking and work areas suitable for equipment, trailers, and fleet vehicles. Built in 1982, the main building contains 6 offices, 3 storage rooms, and 2 bathrooms, along with an insulated 3-bay workshop equipped with water, electric, and 3 roll-up doors.
A separate mobile office adds 8 private offices and a full bathroom, expanding the available workspace for administrative functions, teams, or departmental separation. The property is within Bridgeport city limits, carries Commercial zoning, and has city utilities in place. Its position along TX-114 provides direct highway frontage and access to surrounding communities and the broader North Texas market.
A separate mobile office adds 8 private offices and a full bathroom, expanding the available workspace for administrative functions, teams, or departmental separation. The property is within Bridgeport city limits, carries Commercial zoning, and has city utilities in place. Its position along TX-114 provides direct highway frontage and access to surrounding communities and the broader North Texas market.
Key Highlights
- Approximately 2.7 acres along TX‑114 at 315 Highway 114
- Fully fenced and gated site with gravel parking and work areas
- Insulated 3‑bay workshop with water, electric, and 3 roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,820
$645.8K
Cap Rate 7%
$461,300
$461.3K
Cap Rate 9%
$358,789
$358.8K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$40.2K $8.04/SF
− Vacancy
−$2.2K −$0.44/SF
EGI
$38.0K $7.60/SF
− OpEx
−$5.7K −$1.14/SF
NOI
$32.3K $6.46/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,820
Cap Rate 7%
$461,300
Cap Rate 9%
$358,789
Alternative Uses
Best Use
Office B
$1.19M
$1.05M – $1.39M
NOI $83,635 @ 7.0% cap · market cap 11.15%
Second Best
Retail
$1.19M
$1.04M – $1.38M
NOI $82,992 @ 7.0% cap · market cap 11.07%
Theoretical Best
Hotel Hospitality
$3.77M
$3.30M – $4.39M
NOI $263,625 @ 7.0% cap · market cap 35.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combines office areas, storage, and a secured workshop setting.
Where is this flex space located?
The property is located at 315 Highway 114 Bridgeport, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 2.7 acres along TX‑114 at 315 Highway 114; Fully fenced and gated site with gravel parking and work areas; Insulated 3‑bay workshop with water, electric, and 3 roll‑up doors
