Flex Space with 3-Bay Insulated
For Sale
$750,000
315 Highway 114, Bridgeport, TX 76426
COMMERCIAL - Bridgeport, TX
Property Size5,000 SF
Lot Size2.70 Acres
Price / SF$150
Days on Market96
Property Features for 315 Highway 114
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
A0155
Directions
Consult Gps
Standard status
Active
APN
733895
Size
5,000 SF
Lot size
2.70 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Number of units
1
Flooring type
Concrete, Carpet
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Texas Homes and Land Real Estate, LLC
(903) 870-6956
Listed By:
Jessica Self · License #0792629
(214) 908-5468
Added: May 18
Changed: Aug 13
Last Checked: Aug 21 at 7:06PM
MLS# 21272415
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.
Flex space on approximately 2.7 acres along TX-114 featuring a fully fenced and gated yard with expansive gravel parking. The insulated 3-bay workshop is equipped with water and electric and offers 3 roll-up doors for efficient equipment and workflow access.
The main building includes 6 offices, 3 storage rooms, and 2 bathrooms, supporting administrative use alongside on-site storage and day-to-day operations. An additional mobile office building adds 8 private offices and a full bathroom, providing separate workspaces for growing teams or multiple departments.
Located within Bridgeport city limits with city utilities in place, the property was built in 1982. Construction includes aluminum siding and a metal roof, with central air and electric heating, plus public water and public sewer services.
The main building includes 6 offices, 3 storage rooms, and 2 bathrooms, supporting administrative use alongside on-site storage and day-to-day operations. An additional mobile office building adds 8 private offices and a full bathroom, providing separate workspaces for growing teams or multiple departments.
Located within Bridgeport city limits with city utilities in place, the property was built in 1982. Construction includes aluminum siding and a metal roof, with central air and electric heating, plus public water and public sewer services.
Key Highlights
- Approximately 2.7 acres along TX‑114 with a fully fenced and gated yard
- Insulated 3‑bay workshop with water and electric plus 3 roll‑up doors
- Expansive gravel parking for equipment, trailers, fleet vehicles, or expansion
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
Warehouse
$461.3K
$403.6K – $538.2K
NOI $32,291 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$379.9K
$332.4K – $443.2K
NOI $26,592 @ 7.0% cap · market cap 3.55%
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
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-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 Industrial 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 - Fully fenced and gated flex property on TX-114 with an insulated 3-bay workshop and roll-up doors for day-to-day operations.
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 with a fully fenced and gated yard; Insulated 3‑bay workshop with water and electric plus 3 roll‑up doors; Expansive gravel parking for equipment, trailers, fleet vehicles, or expansion
