Warehouse with Office and Covered
504 Bolivar Street Sanger, TX 76266
New
For Sale
$750,000
Two-building warehouse property with an on-site office area, three roll-up doors, and extensive covered storage.
Property Size3,760 SF
Price / SF$199.47
Days on Market3
Property Features for 504 Bolivar Street
General Information
- Standard status
- Active
- Size
- 3,760 SF
- Property subtype
- Business
Building Details
- Year Built
- 1980
Listing Agency:
TruHome Real Estate
(972) 299-3959
Listed By:
Rene Jensen · License #0638031
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 4:04PM
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 TruHome Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property includes two separate buildings totaling 3,760 square feet, designed for flexible business use. The main 2,400-square-foot building features expansive warehouse space served by three overhead roll-up doors, along with a dedicated office area for day-to-day operations. The additional 1,360-square-foot building provides extra space that can support office use, storage, showroom needs, or support operations.
Extensive under-canopy covered storage extends the usable footprint for protected equipment, inventory, or outdoor work areas. The property also offers a large concrete parking and loading area and is described as being on a highly visible location, supporting convenient access for employees, deliveries, and fleet vehicles.
With a layout that supports multiple operational approaches, the property can accommodate an owner-user occupying one building while leveraging the other, or allow for separate tenancy depending on business needs.
Extensive under-canopy covered storage extends the usable footprint for protected equipment, inventory, or outdoor work areas. The property also offers a large concrete parking and loading area and is described as being on a highly visible location, supporting convenient access for employees, deliveries, and fleet vehicles.
With a layout that supports multiple operational approaches, the property can accommodate an owner-user occupying one building while leveraging the other, or allow for separate tenancy depending on business needs.
Key Highlights
- Two‑building commercial property totaling 3,760 SF with flexible space for owner‑users or leasing.
- Main 2,400 SF building includes expansive warehouse with 3 overhead roll‑up doors and an office area.
- Second 1,360 SF building adds office, storage, showroom, or support operation space.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $24.72 |
| − Vacancy | −$23.2k | −$6.18 |
| EGI | $69.7k | $18.54 |
| − OpEx | −$17.4k | −$4.64 |
| NOI | $52.3k | $13.91 |
3,760 SF · lease $24.72/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$746.9K
$653.5K – $871.4K
NOI $52,283 @ 7.0% cap · market cap 6.97%
Second Best
Warehouse
$334.8K
$292.9K – $390.6K
NOI $23,435 @ 7.0% cap · market cap 3.12%
Theoretical Best
Multifamily LT 5
$52.58M
$46.01M – $61.35M
NOI $3,680,701 @ 7.0% cap · market cap 490.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gentle's Oil & Tires
Auto Repair Shop
FAQs
What type of property is this?
Flex space - Two-building warehouse property with an on-site office area, three roll-up doors, and extensive covered storage.
Where is this flex space located?
The property is located at 504 Bolivar Street Sanger, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑building commercial property totaling 3,760 SF with flexible space for owner‑users or leasing.; Main 2,400 SF building includes expansive warehouse with 3 overhead roll‑up doors and an office area.; Second 1,360 SF building adds office, storage, showroom, or support operation space.
