Flex Space with Shop
4429 W State Highway 31, Corsicana, TX 75110
For Sale
$675,000
CommercialSale, Corsicana, TX
Property Size5,500 SF
Lot Size1.97 Acres
Price / SF$122.73
Days on Market92
Property Features for 4429 W State Highway 31
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Directions
Standard status
APN
Lot size
Tenancy & Operations
Tenant in Place
Real Estate Included
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
multiple shop and work areas
overhead access
concrete flooring
office space
separate living quarters
generous parking
city water and sewer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Katie Miller · License TX #0711670
Added: Aug 14
Changed: Oct 31
Last Checked: Nov 13 at 8:06PM
MLS# 21359417
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.
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Investment Insights
Based on property information with market context.
This flex-space property includes a metal building with multiple shop and work areas, overhead access, concrete flooring, office space, and separate living quarters. The improvements are positioned on approximately 1.97 acres and include generous parking with gated, oversized, driveway, garage, and parking-lot areas. Public water and public sewer serve the property, while central and electric heating and cooling are installed. The building was constructed in 2004 and has a metal roof and metal siding.
The property fronts State Highway 31 in Corsicana with direct access and highway exposure. Nearby national retailers and businesses provide surrounding commercial activity. A long-term tenant is in place and handles utilities, maintenance, and repairs, supporting an ownership structure with limited day-to-day property obligations. Additional land provides flexibility for future use or expansion.
The property fronts State Highway 31 in Corsicana with direct access and highway exposure. Nearby national retailers and businesses provide surrounding commercial activity. A long-term tenant is in place and handles utilities, maintenance, and repairs, supporting an ownership structure with limited day-to-day property obligations. Additional land provides flexibility for future use or expansion.
Key Highlights
- Approximately 1.97 acres along State Highway 31
- Metal building constructed in 2004 with metal roof and metal siding
- Multiple shop and work areas with overhead access and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,317
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,340
$846.3K
Cap Rate 7%
$604,529
$604.5K
Cap Rate 9%
$470,189
$470.2K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$55.4K $10.08/SF
− Vacancy
−$5.7K −$1.03/SF
EGI
$49.8K $9.05/SF
− OpEx
−$7.5K −$1.36/SF
NOI
$42.3K $7.69/SF
Area
Navarro County, TX
Vacancy
10.20%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,340
Cap Rate 7%
$604,529
Cap Rate 9%
$470,189
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,291 @ 7.0% cap · market cap 13.52%
Second Best
Warehouse
$604.5K
$529.0K – $705.3K
NOI $42,317 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.93M
$1.69M – $2.26M
NOI $135,432 @ 7.0% cap · market cap 20.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Metal commercial building with offices, separate living quarters, overhead access, concrete floors, and public utilities.
Where is this flex space located?
The property is located at 4429 W State Highway 31 Corsicana, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Approximately 1.97 acres along State Highway 31; Metal building constructed in 2004 with metal roof and metal siding; Multiple shop and work areas with overhead access and concrete flooring
