Flex Space with Attached
New
For Sale
Contact for pricing
4022 OLD LORENA Road, Lorena, TX 76655
Office amenities and an unfinished loft complement the attached warehouse area.
Property Size2,600 SF
Price / SF$0.77
Days on Market5
Property Features for 4022 OLD LORENA Road
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Office
Warehouse & Industrial
Warehouse Space
1,400 SF
Office Build-Out
600 SF
Additional Details
Property Use
Warehouse/Office
Amenities
Full bathroom
Washer & dryer connections
Full kitchen
Building Details
Year Built
2023
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:51PM
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 Magnorum Realty Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,600-square-foot flex property, built in 2023, combines a 600-square-foot office with a 1,400-square-foot attached warehouse. The office includes a full bathroom, a full kitchen, and washer and dryer connections. An additional 600-square-foot unfinished loft above the office provides storage space. The warehouse has a 14-foot-by-14-foot metal roll-up door.
Key Highlights
- Built in 2023
- 2,600 square feet total
- 600‑square‑foot office with full bathroom and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,233
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,660
$264.7K
Cap Rate 7%
$189,043
$189.0K
Cap Rate 9%
$147,033
$147.0K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$20.2K $7.76/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$18.9K $7.27/SF
− OpEx
−$5.7K −$2.18/SF
NOI
$13.2K $5.09/SF
Area
McLennan County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,660
Cap Rate 7%
$189,043
Cap Rate 9%
$147,033
Alternative Uses
Best Use
Flex RnD
$266.5K
$233.2K – $311.0K
NOI $18,658 @ 7.0% cap · market cap 932.90%
Second Best
Warehouse
$229.6K
$200.9K – $267.8K
NOI $16,069 @ 7.0% cap · market cap 803.45%
Theoretical Best
Multifamily LT 5
$32.39M
$28.34M – $37.79M
NOI $2,267,275 @ 7.0% cap · market cap 113,363.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76655, TX
10,227
Population
3,478
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
97%
High-School Grad
77.7 sq mi
ZIP Area
132
Density / Sq Mi
$106,012
Median Household Income
$54,812
Median Earnings
$967
Median Rent
$294,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office amenities and an unfinished loft complement the attached warehouse area.
Where is this flex space located?
The property is located at 4022 OLD LORENA Road Lorena, TX.
What are key features of this property?
This property features: Built in 2023; 2,600 square feet total; 600‑square‑foot office with full bathroom and kitchen
