Industrial Flex Facility With
For Sale
Contact for pricing
464 Cool Junction, Millsap, TX 76066
Industrial-oriented flex property with separate administrative offices and infrastructure for manufacturing, warehousing, or heavy equipment operations.
Property Size15 SF
Lot Size15.00 Acres
Price / SF$1,295
Days on Market52
Property Features for 464 Cool Junction
General Information
Standard status
Active
Size
15 SF
Lot size
15.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Buildings
2
Listing Agency:
Trinity Country Real Estate
(817) 694-1121
Listed By:
Matt Milligan · License #0500456
(817) 694-1121
Source:
Trinitycountryrealestate
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 30 at 8:04AM
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 Trinity Country Real Estate
Investment Insights
Based on property information with market context.
This flex space offering includes a 12,550-square-foot industrial building and a separate 3,000-square-foot office building on approximately 15 acres at 464 Cool Junction Road in Millsap, Texas. The industrial facility contains a private office, IT room, break room, and storage closet, along with four 20-foot overhead roll-up doors, two 25-foot sliding doors, and two 25-ton overhead cranes. Three-phase electrical power supports industrial operations.
The companion office building provides a reception area, seven private offices, a conference room, file room, two restrooms, and four storage closets. The property is positioned just outside Weatherford city limits with access from Highway 180 and is available on an NNN lease basis. The combination of production or warehouse space, administrative offices, substantial site area, overhead doors, cranes, and industrial power creates a unified operating facility for manufacturing, warehousing, and heavy equipment uses.
The companion office building provides a reception area, seven private offices, a conference room, file room, two restrooms, and four storage closets. The property is positioned just outside Weatherford city limits with access from Highway 180 and is available on an NNN lease basis. The combination of production or warehouse space, administrative offices, substantial site area, overhead doors, cranes, and industrial power creates a unified operating facility for manufacturing, warehousing, and heavy equipment uses.
Key Highlights
- 12,550‑square‑foot industrial building plus a separate 3,000‑square‑foot office building
- Approximately 15 acres at 464 Cool Junction Road in Millsap, Texas
- Four 20‑foot overhead roll‑up doors and two 25‑foot sliding doors
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
$1,043
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
5.37%
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%
$20,860
$20.9K
Cap Rate 7%
$14,900
$14.9K
Cap Rate 9%
$11,589
$11.6K
Market Conditions
NOI Build-Up for 15 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
$1.7K $110.04/SF
− Vacancy
−$160 −$10.67/SF
EGI
$1.5K $99.37/SF
− OpEx
−$447 −$29.81/SF
NOI
$1.0K $69.56/SF
Area
Parker County, TX
Vacancy
9.70%
Lease Rate
$110.04 /SF/Yr
Expense Ratio
30.00%
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%
$20,860
Cap Rate 7%
$14,900
Cap Rate 9%
$11,589
Alternative Uses
Best Use
Industrial
$14.9K
$13.0K – $17.4K
NOI $1,043 @ 7.0% cap · market cap 5.37%
Second Best
Office B
$2.7K
$2.4K – $3.2K
NOI $190 @ 7.0% cap · market cap 0.98%
Theoretical Best
—
—
same as Best Use
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
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76066, TX
3,816
Population
1,977
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
87%
High-School Grad
88.0 sq mi
ZIP Area
43
Density / Sq Mi
$102,931
Median Household Income
$55,859
Median Earnings
$834
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-oriented flex property with separate administrative offices and infrastructure for manufacturing, warehousing, or heavy equipment operations.
Where is this flex space located?
The property is located at 464 Cool Junction Millsap, TX.
What are key features of this property?
This property features: 12,550‑square‑foot industrial building plus a separate 3,000‑square‑foot office building; Approximately 15 acres at 464 Cool Junction Road in Millsap, Texas; Four 20‑foot overhead roll‑up doors and two 25‑foot sliding doors
