Clear-Span Warehouse with
For Sale
$1,200,000
509 Clark Street, Italy, TX 76651
CommercialSale, Italy, TX
Property Size16,200 SF
Lot Size1.44 Acres
Price / SF$74.07
Days on Market259
Property Features for 509 Clark Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Assigned
Subdivision
O T Italy-Rev
Lot features
Acreage
Directions
Interstate 35E (I-35E) crosses the north-western corner of Italy, Texas at Exit 386. Use GPS
Standard status
Active
APN
164235
Size
16,200 SF
Lot size
1.44 Acres
Taxes and HOA fees
Tax Description
1-4 512 16 O T ITALY E D HARRISON 1.437 ACRES
Tax Annual Amount
3671
Legal Description
1-4 512 16 O T ITALY E D HARRISON 1.437 ACRES
Utilities
Sewer type
Public Sewer
Cooling system
ENERGY STAR Qualified Equipment
Water source
Public
Amenities
multiple grain bins
accessory storage building
overhead winch systems
Building Details
Year built
1995
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding, Concrete
Roof type
Metal
Listing Agency:
Powerstar Realty
(855) 659-3400
Listed By:
Carl Wright
(800) 952-8988
Added: Feb 5
Changed: Oct 2
Last Checked: Oct 22 at 4:06PM
MLS# 21094587
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.
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Investment Insights
Based on property information with market context.
This industrial property combines a 14,000-square-foot clear-span warehouse with a separate 2,200-square-foot office building. The improvements occupy 1.437 acres and include 10-foot structural centers, reinforced sidewalls, recently updated exterior siding, and concrete flooring. Multiple grain bins, an accessory storage building, and overhead winch systems add specialized functionality for storage, industrial, and operational uses.
Located at 509 Clark Street in Italy, Texas, the property has public water and public sewer service. The metal-roofed improvements were constructed in 1995 and include assigned parking and ENERGY STAR Qualified Equipment for cooling. The overall building area totals 16,200 square feet.
Located at 509 Clark Street in Italy, Texas, the property has public water and public sewer service. The metal-roofed improvements were constructed in 1995 and include assigned parking and ENERGY STAR Qualified Equipment for cooling. The overall building area totals 16,200 square feet.
Key Highlights
- 14,000 SF clear‑span warehouse plus a 2,200 SF standalone office building
- 1.437‑acre property with 16,200 square feet of total building area
- 10‑ft structural centers and 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Avid Storage — 553 Derrs Chapel Rd, Italy, TX 76651
- 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 - The property includes a standalone office component alongside its warehouse improvements.
Where is this warehouse located?
The property is located at 509 Clark Street 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 plus a 2,200 SF standalone office building; 1.437‑acre property with 16,200 square feet of total building area; 10‑ft structural centers and reinforced sidewalls
