Flex Space with Interstate
3151 S Interstate Highway 45, Corsicana, TX 75109
For Sale
$4,500,000
Versatile commercial facility with showroom, offices, reception area, and expansive shop space.
Property Size6,000 SF
Lot Size19.00 Acres
Price / SF$264.71
Days on Market101
Property Features for 3151 S Interstate Highway 45
General Information
Standard status
Size
Lot size
Site & Location
Highway Access
Road Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
Keller Williams Lonestar DFW
Listed By:
Laura Smith · License TX #0645005
(817) 795-2500
Source:
Exprealty
Added: Aug 4
Changed: Oct 27
Last Checked: Nov 12 at 8:37AM
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 Keller Williams Lonestar DFW
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Investment Insights
Based on property information with market context.
This flex-space property includes a showroom, front reception area, multiple private offices, and substantial shop space within an approximately 6,000-square-foot facility. The improvements can accommodate showroom, office, service, manufacturing, inventory, or retail functions. The property previously operated as a tractor dealership.
Located at 3151 S Interstate Highway 45 in Corsicana, the site offers direct access to Interstate 45 and extends along a highly traveled commercial corridor. The property sits between Dallas and Houston, with proximity to Waco and Tyler. More than 19 acres and over 1,300 feet of Interstate 45 frontage provide room for outdoor storage, inventory, equipment, expansion, or additional development.
Located at 3151 S Interstate Highway 45 in Corsicana, the site offers direct access to Interstate 45 and extends along a highly traveled commercial corridor. The property sits between Dallas and Houston, with proximity to Waco and Tyler. More than 19 acres and over 1,300 feet of Interstate 45 frontage provide room for outdoor storage, inventory, equipment, expansion, or additional development.
Key Highlights
- More than 19 acres of commercial property
- Over 1300 ft of Interstate 45 frontage
- Approximately 6,000‑square‑foot facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,799
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,980
$2.6M
Cap Rate 7%
$1,868,557
$1.9M
Cap Rate 9%
$1,453,322
$1.5M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$171.4K $10.08/SF
− Vacancy
−$17.5K −$1.03/SF
EGI
$153.9K $9.05/SF
− OpEx
−$23.1K −$1.36/SF
NOI
$130.8K $7.69/SF
Area
Navarro County, TX
Vacancy
10.20%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,980
Cap Rate 7%
$1,868,557
Cap Rate 9%
$1,453,322
Alternative Uses
Best Use
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,799 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$1.56M
$1.36M – $1.82M
NOI $109,036 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$5.98M
$5.23M – $6.98M
NOI $418,608 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75109, TX
4,766
Population
2,210
Households
2.2
Avg Household Size
46
Median Age
20%
College-Educated
86%
High-School Grad
119.8 sq mi
ZIP Area
40
Density / Sq Mi
$85,009
Median Household Income
$38,571
Median Earnings
$1,233
Median Rent
$216,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with showroom, offices, reception area, and expansive shop space.
Where is this flex space located?
The property is located at 3151 S Interstate Highway 45 Corsicana, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: More than 19 acres of commercial property; Over 1300 ft of Interstate 45 frontage; Approximately 6,000‑square‑foot facility
