Distribution Center with Dock
For Sale
Contact for pricing
355 W McLeroy Blvd, Saginaw, TX 76131
Front-load distribution building offering 32-foot clear height and 66 dock-high doors with extensive trailer parking.
Property Size321,193 SF
Price / SF$138.50
Days on Market1211
Property Features for 355 W McLeroy Blvd
General Information
Standard status
Active
Size
321,193 SF
Total Parking Spaces
152
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
32 ft
Dock-High Doors
66
Listing Agency:
NAI Robert Lynn-Fort Worth
(817) 885-8333
Listed By:
Todd Hubbard
(817) 872-3901
Source:
Moodyscre
Added: May 23, 2023
Changed: Sep 12
Last Checked: Sep 13 at 5:07AM
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 NAI Robert Lynn-Fort Worth
Investment Insights
Based on property information with market context.
This distribution center features a front-load configuration with 32’ clear height and 66 dock-high doors. The facility includes 2 ramps measuring 14’ x 16’ and is described as having a February 2023 delivery date.
The building is laid out with 60’ depth on either end and 50’ interior spacing, supported by 54’ (W) x 40’ (D) column spacing. The property is also described as having the ability to secure a truck court, with 152 car parks and 101 trailer parks.
The configuration is designed for high-volume receiving and distribution, supported by multiple loading positions and dock-door capacity.
The building is laid out with 60’ depth on either end and 50’ interior spacing, supported by 54’ (W) x 40’ (D) column spacing. The property is also described as having the ability to secure a truck court, with 152 car parks and 101 trailer parks.
The configuration is designed for high-volume receiving and distribution, supported by multiple loading positions and dock-door capacity.
Key Highlights
- Front‑load distribution building with 32’ clear height
- 66 dock‑high doors with front‑load configuration
- February 2023 delivery
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
$2,223,699
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
5.00%
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%
$44,473,980
$44.5M
Cap Rate 7%
$31,767,129
$31.8M
Cap Rate 9%
$24,707,767
$24.7M
Market Conditions
NOI Build-Up for 321,193 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
$2.89M $9.00/SF
− Vacancy
−$274.6K −$0.86/SF
EGI
$2.62M $8.15/SF
− OpEx
−$392.4K −$1.22/SF
NOI
$2.22M $6.92/SF
Area
ZIP 76131
Vacancy
9.50%
Lease Rate
$9.00 /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%
$44,473,980
Cap Rate 7%
$31,767,129
Cap Rate 9%
$24,707,767
Alternative Uses
Best Use
Warehouse
$31.77M
$27.80M – $37.06M
NOI $2,223,699 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$26.16M
$22.89M – $30.52M
NOI $1,831,282 @ 7.0% cap · market cap 4.12%
Theoretical Best
Multifamily LT 5
$80.68M
$70.60M – $94.13M
NOI $5,647,692 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
32 ft
Clear height
66
Dock-high doors
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 76131, TX
48,515
Population
18,145
Households
2.7
Avg Household Size
33
Median Age
35%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
3,130
Density / Sq Mi
$104,301
Median Household Income
$56,912
Median Earnings
$1,780
Median Rent
$316,000
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
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Frequently Asked Questions
What type of property is this?
Distribution center - Front-load distribution building offering 32-foot clear height and 66 dock-high doors with extensive trailer parking.
Where is this distribution center located?
The property is located at 355 W McLeroy Blvd Saginaw, TX.
What is the asking price?
The asking price for this property is $44,485,230.
What are key features of this property?
This property features: Front‑load distribution building with 32’ clear height; 66 dock‑high doors with front‑load configuration; February 2023 delivery
