Clear-Span Warehouse with
For Sale
$1,150,000
51 Us Highway 380, Bridgeport, TX 76426
Insulated warehouse with private offices, grade-level loading, a wash bay, and a fenced gravel yard.
Property Size6,336 SF
Lot Size2.33 Acres
Price / SF$113.58
Days on Market195
Property Features for 51 Us Highway 380
General Information
Standard status
Active
Size
6,336 SF
Lot size
2.33 Acres
Property subtype
Warehouse
Zoning
CM
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Span
Yes
Office Build-Out
2,000 SF
Drive-In Doors
5
Building Details
Building Size
6,336 SF
Year Built
1990
Listing Agency:
LanCarte Commercial
(817) 228-4247
Listed By:
Sarah LanCarte · License #601090
(817) 228-4247
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 5:50PM
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 LanCarte Commercial
Investment Insights
Based on property information with market context.
This 10,125-square-foot warehouse occupies 2.33 acres and includes approximately 2,000 square feet of office space arranged as four private offices. The clear-span interior is fully insulated and supported by five grade-level doors measuring 12 feet by 14 feet. Additional improvements include a large wash bay, paint booth, and floor drains. The property is zoned CM.
Positioned along US Highway 380 in Bridgeport, the site is approximately 50 miles northwest of Fort Worth. Regional transportation connections identified for the property include DFW International Airport, Alliance Airport, Bridgeport Municipal Airport, Union Pacific Railroad, I-35, and US 287. A fenced gravel yard provides secured exterior storage or operating area.
Positioned along US Highway 380 in Bridgeport, the site is approximately 50 miles northwest of Fort Worth. Regional transportation connections identified for the property include DFW International Airport, Alliance Airport, Bridgeport Municipal Airport, Union Pacific Railroad, I-35, and US 287. A fenced gravel yard provides secured exterior storage or operating area.
Key Highlights
- 10,125 SF warehouse on 2.33 acres
- Approximately 2,000 SF of office space with 4 private offices
- 5 grade‑level doors measuring 12’ x 14’
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
$65,389
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
5.69%
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%
$1,307,780
$1.3M
Cap Rate 7%
$934,129
$934.1K
Cap Rate 9%
$726,544
$726.5K
Market Conditions
NOI Build-Up for 10,125 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
$81.4K $8.04/SF
− Vacancy
−$4.5K −$0.44/SF
EGI
$76.9K $7.60/SF
− OpEx
−$11.5K −$1.14/SF
NOI
$65.4K $6.46/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$1,307,780
Cap Rate 7%
$934,129
Cap Rate 9%
$726,544
Alternative Uses
Best Use
Warehouse
$934.1K
$817.4K – $1.09M
NOI $65,389 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$7.63M
$6.67M – $8.90M
NOI $533,841 @ 7.0% cap · market cap 46.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Insulated warehouse with private offices, grade-level loading, a wash bay, and a fenced gravel yard.
Where is this warehouse located?
The property is located at 51 Us Highway 380 Bridgeport, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 10,125 SF warehouse on 2.33 acres; Approximately 2,000 SF of office space with 4 private offices; 5 grade‑level doors measuring 12’ x 14’
