Flex Space with Concrete
New
For Sale
$399,900
550 S Fm 1138, Nevada, TX 75173
J4-zoned property has electrical and plumbing provisions for kitchen, bathroom, and office areas.
Property Size3,136 SF
Lot Size1.40 Acres
Price / SF$127.52
Days on Market4
Property Features for 550 S Fm 1138
General Information
Standard status
Active
Size
3,136 SF
Lot size
1.40 Acres
Property subtype
Commercial
Zoning
J4
Warehouse & Industrial
Clear Height
15 ft
Voltage
208 V
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
3,136 SF
Year Built
1974
Stories
1
Units
1
Construction
concrete
Listing Agency:
U Property Management
Listed By:
Jay Fang · License #0671181
(469) 500-1268
Source:
Cogburnrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:05PM
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 U Property Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The flex property contains 3,136 square feet on 1.4 acres. Its 24-inch concrete walls and 15-foot ceilings frame a large open area. Electrical and plumbing provisions are in place for kitchen, bathroom, and office areas. The building was constructed in 1974 and is zoned J4.
Electrical equipment was updated during a crypto-mining tenancy. The system includes three EATON PRL1a panels, each specified for Phase 3 Wire 4, 208Y 120V. Fenced parking is included on the property.
Electrical equipment was updated during a crypto-mining tenancy. The system includes three EATON PRL1a panels, each specified for Phase 3 Wire 4, 208Y 120V. Fenced parking is included on the property.
Key Highlights
- 3,136‑square‑foot flex property on 1.4 acres
- 24‑inch concrete walls and 15‑foot ceilings
- Three EATON PRL1a panels, each specified for Phase 3 Wire 4, 208Y 120V
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,993
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,860
$459.9K
Cap Rate 7%
$328,471
$328.5K
Cap Rate 9%
$255,478
$255.5K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$37.6K $12.00/SF
− Vacancy
−$2.3K −$0.72/SF
EGI
$35.4K $11.28/SF
− OpEx
−$12.4K −$3.95/SF
NOI
$23.0K $7.33/SF
Area
Collin County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,860
Cap Rate 7%
$328,471
Cap Rate 9%
$255,478
Alternative Uses
Best Use
Industrial
$3.12M
$2.73M – $3.64M
NOI $218,129 @ 7.0% cap · market cap 54.55%
Second Best
Flex RnD
$328.5K
$287.4K – $383.2K
NOI $22,993 @ 7.0% cap · market cap 5.75%
Theoretical Best
—
—
same as Best Use
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
Lease Details
15 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75173, TX
7,733
Population
3,040
Households
2.5
Avg Household Size
36
Median Age
21%
College-Educated
88%
High-School Grad
32.7 sq mi
ZIP Area
236
Density / Sq Mi
$100,373
Median Household Income
$44,524
Median Earnings
$1,396
Median Rent
$322,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - J4-zoned property has electrical and plumbing provisions for kitchen, bathroom, and office areas.
Where is this flex space located?
The property is located at 550 S Fm 1138 Nevada, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,136‑square‑foot flex property on 1.4 acres; 24‑inch concrete walls and 15‑foot ceilings; Three EATON PRL1a panels, each specified for Phase 3 Wire 4, 208Y 120V
