Clear-Span Warehouse and
For Sale
$1,200,000
509 Clark Street #1 1, Italy, TX 76651
Industrial property combines a large warehouse with a separate office building and specialized storage improvements.
Property Size16,200 SF
Price / SF$74.07
Days on Market96
Property Features for 509 Clark Street #1 1
General Information
Standard status
Active
Size
16,200 SF
Listing Agency:
Powerstar Realty
(855) 659-3400
Listed By:
Carl Wright · License #0825033
(800) 952-8988
Source:
Diligentcre
Added: Jul 13
Changed: Oct 3
Last Checked: Oct 14 at 11:06PM
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 Powerstar Realty
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Investment Insights
Based on property information with market context.
The property includes a 14,000 SF clear-span warehouse and a separate 2,200 SF office building. The warehouse is constructed on 10-ft centers with reinforced sidewalls, and its exterior siding has been recently updated. The improvements also include an accessory storage building, multiple grain bins, and several overhead winch systems.
Located at 509 Clark Street #1 in Italy, TX, the site occupies over 1 acre. The combination of warehouse, office, storage, and handling improvements provides a consolidated industrial property with distinct work and administrative areas.
Located at 509 Clark Street #1 in Italy, TX, the site occupies over 1 acre. The combination of warehouse, office, storage, and handling improvements provides a consolidated industrial property with distinct work and administrative areas.
Key Highlights
- 14,000 SF clear‑span warehouse
- Separate 2,200 SF standalone office building
- Warehouse constructed on 10‑ft centers with reinforced sidewalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,978
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,560
$1.7M
Cap Rate 7%
$1,199,686
$1.2M
Cap Rate 9%
$933,089
$933.1K
Market Conditions
NOI Build-Up for 16,200 SF
Gross rent
$131.5K $8.12/SF
− Vacancy
−$11.6K −$0.71/SF
EGI
$120.0K $7.41/SF
− OpEx
−$36.0K −$2.22/SF
NOI
$84.0K $5.18/SF
Area
Ellis County, TX
Vacancy
8.80%
Lease Rate
$8.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,679,560
Cap Rate 7%
$1,199,686
Cap Rate 9%
$933,089
Alternative Uses
Best Use
Office B
$3.87M
$3.39M – $4.52M
NOI $270,978 @ 7.0% cap · market cap 22.58%
Second Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,652 @ 7.0% cap · market cap 9.39%
Theoretical Best
Multifamily LT 5
$176.77M
$154.67M – $206.23M
NOI $12,373,809 @ 7.0% cap · market cap 1,031.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76651, TX
3,373
Population
1,539
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
90%
High-School Grad
94.9 sq mi
ZIP Area
36
Density / Sq Mi
$69,191
Median Household Income
$41,169
Median Earnings
$1,152
Median Rent
$213,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- City Of Italy Storage Barn — 101-103 W Main St, Italy, TX 76651
- Safe & Secure Storage — 160 Poplar St, Italy, TX 76651
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property combines a large warehouse with a separate office building and specialized storage improvements.
Where is this warehouse located?
The property is located at 509 Clark Street #1 1 Italy, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 14,000 SF clear‑span warehouse; Separate 2,200 SF standalone office building; Warehouse constructed on 10‑ft centers with reinforced sidewalls
