Building Details

Building Size 5,000 SF

Year Built 1991

Stories 1

Units 3

Tenancy Multi

Listing Agency: BOURQUIN REALTY

Listed By: David Bourquin · License #0596715 Show Phone

Source: Bourquinrealty

Added: Oct 19 Changed: Oct 22 Last Checked: Oct 22 at 2:15PM

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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 BOURQUIN REALTY

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

The property contains a 5,000-square-foot main commercial building with three individual units. Two are leased, while the owner-occupied unit is expected to be delivered vacant at closing. A separate warehouse shop building and vacant land at the rear are also part of the property. The buildings date to 1991.

Positioned on W Moore Avenue in Terrell, the property is next to AutoZone and across the street from Taco Bell. Its commercial zoning is identified as “Commercial, Commercial Building, Commerc.”

Key Highlights

• 5,000‑square‑foot main building with three units
• Two units are leased; the owner‑occupied unit is expected to be vacant at closing
• Separate warehouse shop building included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,429

Cap Rate

8.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,668,580 $1.7M

Cap Rate 7%

$1,191,843 $1.2M

Cap Rate 9%

$926,989 $927.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$124.8K $24.96/SF

− Vacancy

−$5.6K −$1.12/SF

EGI

$119.2K $23.84/SF

− OpEx

−$35.8K −$7.15/SF

NOI

$83.4K $16.69/SF

Area

Kaufman County, TX

Vacancy

4.50%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,668,580

Cap Rate 7%

$1,191,843

Cap Rate 9%

$926,989

Alternative Uses

Best Use

Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,429 @ 7.0% cap · market cap 8.51%

Second Best

Mixed Use

$735.3K

$643.4K – $857.8K (±1% cap)

NOI $51,469 @ 7.0% cap · market cap 5.25%

Theoretical Best

Multifamily LT 5

$62.93M

$55.06M – $73.42M (±1% cap)

NOI $4,404,907 @ 7.0% cap · market cap 449.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Terrell Insurance Insurance Agency Metro by T-Mobile Mobile Phone Store Amazon Hub Counter ... Courier Service Boost Mobile Mobile Phone Store Restaurante el Sinaloense Restaurant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Bakery Pharmacy Skin Care Clinic (Bike/Boat/Book/etc) 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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

834

Businesses Nearby

Explore this area Business Placement

Demographics for 75160, TX

26,632

Population

8,895

Households

3

Avg Household Size

38

Median Age

20%

College-Educated

82%

High-School Grad

118.2 sq mi

ZIP Area

225

Density / Sq Mi

$70,862

Median Household Income

$38,493

Median Earnings

$1,177

Median Rent

$221,900

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three storefront units include two leased spaces and one owner-occupied unit expected to be vacant at closing.

Where is this mixed-use property located?

The property is located at 501 W Moore Avenue Terrell, TX.

What is the asking price?

The asking price for this property is $980,000.

What are key features of this property?

This property features: 5,000‑square‑foot main building with three units; Two units are leased; the owner‑occupied unit is expected to be vacant at closing; Separate warehouse shop building included