Highway Frontage Flex
For Sale
$1,700,000
45 W Highway 380, Bridgeport, TX 76426
Warehouse and office improvements support distribution, manufacturing, storage, and related commercial operations.
Property Size9,250 SF
Lot Size0.75 Acres
Price / SF$176.17
Days on Market32
Property Features for 45 W Highway 380
General Information
Standard status
Active
Size
9,250 SF
Lot size
0.75 Acres
Property subtype
Commercial
Zoning
Unzoned, Out of city Limits
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Warehouse Space
9,000 SF
Building Details
Building Size
9,250 SF
Year Built
1986
Buildings
2
Stories
1
Units
2
Listing Agency:
Remi Lane Real Estate
(940) 255-3412
Listed By:
William Lane · License #0737091
(940) 255-3412
Source:
Fullhouserealtytx
Added: Jul 28
Changed: Aug 28
Last Checked: Aug 28 at 11:31AM
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 Remi Lane Real Estate
Investment Insights
Based on property information with market context.
This flex property combines a 9,000-square-foot warehouse with a separate office building on a 32,670-square-foot commercial lot. The warehouse includes high ceilings and multiple access points, with room for heavy equipment and vehicle movement. Dedicated office space supports administrative, customer service, and management functions. On-site utilities and infrastructure are in place, and the property includes parking and access suited to commercial operations.
The site fronts US Highway 380 at 45 W Highway 380 in Bridgeport, Texas, providing direct highway access and exposure. Located outside city zoning, the property supports a range of commercial applications, including distribution, manufacturing, storage, retail, service, and light industrial use. Built in 1986, the improvements offer a combination of warehouse capacity, office functionality, and highway-oriented access.
The site fronts US Highway 380 at 45 W Highway 380 in Bridgeport, Texas, providing direct highway access and exposure. Located outside city zoning, the property supports a range of commercial applications, including distribution, manufacturing, storage, retail, service, and light industrial use. Built in 1986, the improvements offer a combination of warehouse capacity, office functionality, and highway-oriented access.
Key Highlights
- 9,000± sqft warehouse on a 32,670± sqft commercial lot
- Separate office building for administrative and management functions
- Direct frontage on US Highway 380 in Bridgeport, TX
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,321
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,420
$1.2M
Cap Rate 7%
$890,300
$890.3K
Cap Rate 9%
$692,456
$692.5K
Market Conditions
NOI Build-Up for 9,650 SF
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.
Gross rent
$77.6K $8.04/SF
− Vacancy
−$4.3K −$0.44/SF
EGI
$73.3K $7.60/SF
− OpEx
−$11.0K −$1.14/SF
NOI
$62.3K $6.46/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,420
Cap Rate 7%
$890,300
Cap Rate 9%
$692,456
Alternative Uses
Best Use
Office B
$2.31M
$2.02M – $2.69M
NOI $161,416 @ 7.0% cap · market cap 9.50%
Second Best
Warehouse
$890.3K
$779.0K – $1.04M
NOI $62,321 @ 7.0% cap · market cap 3.67%
Theoretical Best
Hotel Hospitality
$7.27M
$6.36M – $8.48M
NOI $508,796 @ 7.0% cap · market cap 29.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office improvements support distribution, manufacturing, storage, and related commercial operations.
Where is this flex space located?
The property is located at 45 W Highway 380 Bridgeport, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,000± sqft warehouse on a 32,670± sqft commercial lot; Separate office building for administrative and management functions; Direct frontage on US Highway 380 in Bridgeport, TX
