Fenced Flex Property with 3-Bay
For Sale
$750,000
315 Highway 114, Bridgeport, TX 76426
Fenced and gated commercial site combining workshop, offices, storage, and a separate mobile office.
Property Size5,000 SF
Lot Size2.70 Acres
Price / SF$150
Days on Market83
Property Features for 315 Highway 114
General Information
Standard status
Active
Size
5,000 SF
Lot size
2.70 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Building Details
Buildings
2
Listing Agency:
Texas Homes and Land Real Estate, LLC
(903) 870-6956
Listed By:
Jessica Self · License #0792629
(940) 395-9966
Source:
Suekrider
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 12 at 8:32PM
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 5,000-square-foot flex property occupies approximately 2.7 acres and includes a fully fenced, gated layout with gravel parking and outdoor workspace. The insulated workshop provides three bays, three roll-up doors, water, and electric service. The primary building adds six offices, three storage rooms, and two bathrooms, while a separate mobile office contributes eight private offices and a full bathroom.
The property fronts TX-114 at 315 Highway 114 in Bridgeport, Texas, and is located within city limits with city utilities in place. Its configuration brings office, shop, storage, parking, and equipment-handling areas together on one commercial site.
The property fronts TX-114 at 315 Highway 114 in Bridgeport, Texas, and is located within city limits with city utilities in place. Its configuration brings office, shop, storage, parking, and equipment-handling areas together on one commercial site.
Key Highlights
- Approximately 2.7 acres along TX‑114 in Bridgeport city limits
- 5,000‑square‑foot flex property with insulated 3‑bay workshop
- Three roll‑up doors with water and electric in the workshop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,291
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
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
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 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
Warehouse
$461.3K
$403.6K – $538.2K
NOI $32,291 @ 7.0% cap · market cap 4.31%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced and gated commercial site combining workshop, offices, storage, and a separate mobile office.
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 in Bridgeport city limits; 5,000‑square‑foot flex property with insulated 3‑bay workshop; Three roll‑up doors with water and electric in the workshop
