Mixed-Use Property with Storage
New
For Sale
$539,000
453A Depot, Deport, TX 75435
Land, Deport, TX
Property Size1,600 SF
Lot Size1.80 Acres
Price / SF$336.88
Days on Market1
Property Features for 453A Depot
General Information
Property type
Land
Property subtype
Other
Lot features
Acreage, City Lot
Elementary school
Deport
Middle school
Prairiland
High school
Prairiland
Elementary school district
Prairiland ISD
Middle school district
Prairiland ISD
High school district
Prairiland ISD
Directions
HWY 271 South to left on Depot St. Property on left
Standard status
Active
APN
40903
Lot size
1.80 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
drive-thru window
walk-in cooler
climate controlled storage units
Listing Agency:
Keller Williams Legacy · Keller Williams Realty
(972) 599-7000
Listed By:
Teresa Burt · License #0687636
(903) 782-4876
Added: Sep 28
Last Checked: Sep 28 at 5:06PM
MLS# 21397440
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.
Investment Insights
Based on property information with market context.
The property includes a 1,600-square-foot building operating as a sandwich-and-coffee shop, with a dining area, storage room, office, drive-through window, and 8 x 8 walk-in cooler. The 1.8-acre site also contains 16 double-walled, climate-controlled storage units, each measuring 10 x 10 feet.
The business and storage component are situated on a major thoroughfare. The site is described as having room for expansion.
The business and storage component are situated on a major thoroughfare. The site is described as having room for expansion.
Key Highlights
- 1.8‑acre mixed‑use property with food service and storage components
- 1,600‑square‑foot sandwich‑and‑coffee shop building
- 16 double‑walled, climate‑controlled storage units, each 10 x 10 feet
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
$28,454
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
5.28%
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%
$569,080
$569.1K
Cap Rate 7%
$406,486
$406.5K
Cap Rate 9%
$316,156
$316.2K
Market Conditions
NOI Build-Up for 1,600 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
$39.9K $24.96/SF
− Vacancy
−$2.0K −$1.25/SF
EGI
$37.9K $23.71/SF
− OpEx
−$9.5K −$5.93/SF
NOI
$28.5K $17.78/SF
Area
Lamar County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$569,080
Cap Rate 7%
$406,486
Cap Rate 9%
$316,156
Alternative Uses
Best Use
Specialty Retail
$406.5K
$355.7K – $474.2K
NOI $28,454 @ 7.0% cap · market cap 5.28%
Second Best
Mixed Use
$197.1K
$172.5K – $230.0K
NOI $13,800 @ 7.0% cap · market cap 2.56%
Theoretical Best
Hotel Hospitality
$1.21M
$1.05M – $1.41M
NOI $84,360 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 75435, TX
994
Population
589
Households
1.7
Avg Household Size
43
Median Age
16%
College-Educated
85%
High-School Grad
58.3 sq mi
ZIP Area
17
Density / Sq Mi
$52,941
Median Household Income
$39,271
Median Earnings
$633
Median Rent
$110,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A sandwich-and-coffee shop and climate-controlled storage units share a single commercial property.
Where is this mixed-use property located?
The property is located at 453A Depot Deport, TX.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 1.8‑acre mixed‑use property with food service and storage components; 1,600‑square‑foot sandwich‑and‑coffee shop building; 16 double‑walled, climate‑controlled storage units, each 10 x 10 feet
