Commercial Office and Storage
402 Legendary Lane Gun Barrel City, TX 75156
402 Legendary Lane, Gun Barrel City, TX, 75156
$300,000
For Sale
$300,000
COMMERCIAL - Gun Barrel City, TX
Property Size4,860 SF
Lot Size1.00 Acre
Price / SF$61.73
Days on Market117
Property Features for 402 Legendary Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 04820140000053
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- ACRES: 1.000 AB 482 G MARTINEZ SUR TR 14
- Tax Annual Amount
- 898
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Linoleum, Carpet
- Building materials
- Block
- Roof type
- Composition
Listing Agency
Elsie Halbert Real Estate, LLC
(972) 962-2110
Kaufman, TX
Listed by
Adra Ricks · License #0478330
(972) 962-2110
Added: Mar 24 Checked: Jul 18 at 6:06 am
MLS# 21216629
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.
This commercial property includes a standalone building with approximately 4,860 square feet set on one acre of land. The interior layout features three huge rooms, a kitchen, two restrooms, and three small offices, making it adaptable for a range of business uses. Built-in utility and functionality are supported by notable recent improvements, including a roof estimated at about seven years old and an electrical panel upgraded in 2022. Additional on-site storage is provided by a separate storage building, helping keep the main space organized and ready for day-to-day operations.
Located at 402 Legendary Lane in Gun Barrel City, Texas, the property offers plenty of space for parking, which can support customer visits, staff needs, and inventory management. The overall site configuration is geared toward practicality, with both the primary building and the storage structure set on the same acre lot.
With its combination of open room capacity, multiple private office areas, and upgraded electrical service, this is a strong fit for an owner-operator seeking flexibility or an investor looking for a property with multiple potential uses. The straightforward restroom and kitchen setup, along with the separate storage building, can support both administrative functions and operational storage in one location.
Located at 402 Legendary Lane in Gun Barrel City, Texas, the property offers plenty of space for parking, which can support customer visits, staff needs, and inventory management. The overall site configuration is geared toward practicality, with both the primary building and the storage structure set on the same acre lot.
With its combination of open room capacity, multiple private office areas, and upgraded electrical service, this is a strong fit for an owner-operator seeking flexibility or an investor looking for a property with multiple potential uses. The straightforward restroom and kitchen setup, along with the separate storage building, can support both administrative functions and operational storage in one location.
Key Highlights
- Commercial property with 4,860 SF building on 1 acre lot
- Block construction with composition roof
- Roof is approximately 7 years old and electrical panel was upgraded in 2022
Local Financial Insights For Industrial
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 | $39.7k | $8.16 |
| − Vacancy | −$3.6k | −$0.74 |
| EGI | $36.0k | $7.42 |
| − OpEx | −$10.8k | −$2.23 |
| NOI | $25.2k | $5.19 |
4,860 SF · lease $8.16/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.35M
NOI $81,293 @ 7.0% cap · market cap 27.10%
Second Best
Warehouse
$432.4K
$378.4K – $504.5K
NOI $30,271 @ 7.0% cap · market cap 10.09%
Theoretical Best
Office A
$1.71M
$1.50M – $1.99M
NOI $119,673 @ 7.0% cap · market cap 39.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Masonic Lodge
Volunteer Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Versatile commercial building with offices, restrooms, and updated major systems—plus room to park and additional storage.
Where is this office building located?
The property is located at 402 Legendary Lane Gun Barrel City, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Commercial property with 4,860 SF building on 1 acre lot; Block construction with composition roof; Roof is approximately 7 years old and electrical panel was upgraded in 2022
