Building Details

Year built 2002

Listing Agency: Martin's Real Estate Team Show Phone

Listed By: Sheilah Martin · License #0512212 Show Phone

Added: Jul 21 Changed: Aug 20 Last Checked: Aug 24 at 6:06AM

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MLS# 70014427

Copyright © 2026 Deep East Texas MLS. 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 flex property combines an existing commercial building with a substantial rear bay suited to storage, warehouse functions, or service operations. The improvements can accommodate office and retail activity, providing a mix of front-of-house and back-of-house space within one property. The building was constructed in 2002.

The site encompasses 4.237 acres at 4234 Highway 21 E in Hemphill, Texas, with direct positioning along State Highway 21. The property includes both the land and existing buildings, creating a broad commercial footprint for businesses requiring office, customer-facing, storage, or operational space.

Key Highlights

• 4.237‑acre commercial property in Hemphill, TX
• Existing building constructed in 2002
• Large rear bay for storage, warehouse, or service operations

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 75948, TX

5,582

Population

4,722

Households

1.2

Avg Household Size

57

Median Age

21%

College-Educated

88%

High-School Grad

229.4 sq mi

ZIP Area

24

Density / Sq Mi

$60,184

Median Household Income

$42,128

Median Earnings

$860

Median Rent

$170,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Existing improvements support office, retail, storage, warehouse, and service-related commercial uses.

Where is this flex space located?

The property is located at 4234 Highway 21 E Hemphill, TX.

What is the lease rate?

The lease rate is $279,000.

What are key features of this property?

This property features: 4.237‑acre commercial property in Hemphill, TX; Existing building constructed in 2002; Large rear bay for storage, warehouse, or service operations