Industrial Building with
3811 1/2 Fm 646 N Santa Fe, TX 77510
3811 1/2 Fm 646 N, Santa Fe, TX, 77510
$1,720,000
For Sale
$1,720,000
Industrial building combines a shop with multiple overhead doors and a second-floor office apartment.
Property Size9,124 SF
Lot Size1.80 Acres
Price / SF$188.51
Days on Market49
Property Features for 3811 1/2 Fm 646 N
General Information
- Standard status
- Active
- Size
- 9,124 SF
- Lot size
- 1.80 Acres
- Property subtype
- Industrial
Listing agency
Caldwell Companies
(281) 413-7404
Listed by
Mark Terpstra · License #TX #443855
(281) 413-7404
Source
Caldwellcos
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 6:13AM
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 Caldwell Companies
Investment Insights
Based on property information with market context.
This for-sale industrial building is built around a shop component and a dedicated office level. The property includes 4,000 SF of warehouse space and 5,124 SF of office space on the second floor that is configured as an apartment. The shop totals 240 and 480V power availability and is served by seven overhead doors. In addition, there are two garages with overhead doors, supporting flexible vehicle and material movement.
The building sits on approximately 1.8 acres and includes gated access. City utilities are available, helping support everyday operations. Additional land is also available if your use requires more outdoor or storage area.
For buyers seeking a single-site setup with both production and office functions, the layout offers an on-property shop plus an upstairs office apartment configuration. The presence of multiple overhead doors and overhead-door garages can be useful for tenants or operators looking to load and stage equipment and inventory with more than one access point. The property’s combination of warehouse, shop, and office space may fit light industrial users that need operational space alongside dedicated administrative area.
The building sits on approximately 1.8 acres and includes gated access. City utilities are available, helping support everyday operations. Additional land is also available if your use requires more outdoor or storage area.
For buyers seeking a single-site setup with both production and office functions, the layout offers an on-property shop plus an upstairs office apartment configuration. The presence of multiple overhead doors and overhead-door garages can be useful for tenants or operators looking to load and stage equipment and inventory with more than one access point. The property’s combination of warehouse, shop, and office space may fit light industrial users that need operational space alongside dedicated administrative area.
Key Highlights
- 9,124 SF industrial building with a 4,000 SF warehouse, 5,124 SF office (2nd floor apartment), and shop space
- Shop includes 7 overhead doors plus 2 additional garages with overhead doors
- Shop offers 240V and 480V power
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.8k | $7.76 |
| − Vacancy | −$4.5k | −$0.49 |
| EGI | $66.3k | $7.27 |
| − OpEx | −$10.0k | −$1.09 |
| NOI | $56.4k | $6.18 |
9,124 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$805.6K
$704.9K – $939.8K
NOI $56,390 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$663.4K
$580.5K – $774.0K
NOI $46,439 @ 7.0% cap · market cap 2.70%
Theoretical Best
Multifamily LT 5
$102.29M
$89.51M – $119.34M
NOI $7,160,548 @ 7.0% cap · market cap 416.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial building combines a shop with multiple overhead doors and a second-floor office apartment.
Where is this flex space located?
The property is located at 3811 1/2 Fm 646 N Santa Fe, TX.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: 9,124 SF industrial building with a 4,000 SF warehouse, 5,124 SF office (2nd floor apartment), and shop space; Shop includes 7 overhead doors plus 2 additional garages with overhead doors; Shop offers 240V and 480V power
