Freestanding Flex Shop and
406 N Gray St Caldwell, TX 77836
406 N Gray St, Caldwell, TX, 77836
$650,000
For Sale
$650,000
Freestanding facility includes heated and cooled shop space with five bay doors plus about 1,000 SF of finished office.
Property Size7,200 SF
Price / SF$90.28
Days on Market392
Property Features for 406 N Gray St
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing agency
(979) 777-5396
Listed by
Armstrong Properties
(979) 777-5396
Source
Xome
Added: Jun 27, 2025 Updated: Jul 22 at 1:24PM Checked: Jul 23 at 4:31AM
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 Armstrong Properties
Investment Insights
Based on property information with market context.
This freestanding flex facility combines heated and cooled shop/warehouse space with finished office improvements. The shop/warehouse is spray-foam insulated and includes five bay doors and a mezzanine for storage, along with multiple power stations suitable for equipment, fabrication, or service operations. The office portion is approximately 1,000 SF and features three private offices, a conference room, reception and waiting areas, a kitchenette, a full bathroom, an IT closet, and a dedicated shop-manager workspace.
The property is located on a prominent corner within the city limits of Caldwell at the intersection of Hwy 21 and Gray Street, providing convenient access for customers, clients, and deliveries.
With a flexible interior layout and a mix of professional office space and functional shop capacity, the building is set up for day-to-day operations requiring both office administration and industrial service or fabrication capabilities.
The property is located on a prominent corner within the city limits of Caldwell at the intersection of Hwy 21 and Gray Street, providing convenient access for customers, clients, and deliveries.
With a flexible interior layout and a mix of professional office space and functional shop capacity, the building is set up for day-to-day operations requiring both office administration and industrial service or fabrication capabilities.
Key Highlights
- 7,200 SF freestanding commercial facility on the corner of Hwy 21 and Gray Street in Caldwell city limits
- About 1,000 SF of finished office space with 3 private offices, conference room, reception/waiting, kitchenette, and full bathroom
- Heated and cooled shop/warehouse totaling 4,720 SF, fully spray‑foam insulated
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 | $64.8k | $9.00 |
| − Vacancy | −$3.1k | −$0.43 |
| EGI | $61.7k | $8.57 |
| − OpEx | −$9.3k | −$1.29 |
| NOI | $52.4k | $7.28 |
7,200 SF · lease $9.00/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,689 @ 7.0% cap · market cap 14.57%
Second Best
Flex RnD
$932.7K
$816.1K – $1.09M
NOI $65,286 @ 7.0% cap · market cap 10.04%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,105 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Direct Manufacturing & Design
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Freestanding facility includes heated and cooled shop space with five bay doors plus about 1,000 SF of finished office.
Where is this flex space located?
The property is located at 406 N Gray St Caldwell, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7,200 SF freestanding commercial facility on the corner of Hwy 21 and Gray Street in Caldwell city limits; About 1,000 SF of finished office space with 3 private offices, conference room, reception/waiting, kitchenette, and full bathroom; Heated and cooled shop/warehouse totaling 4,720 SF, fully spray‑foam insulated
