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Concrete-Wall Flex Space
For Sale
$399,900

550 S FM 1138, Nevada, TX 75173

CommercialSale, Nevada, TX

Property SizeContact for details
Lot Size1.44 Acres
Days on Market190

Property Features for 550 S FM 1138

General Information

Property type Commercial Sale
Property subtype Other
Zoning description J4
Parking features Assigned, Oversize, Garage
Subdivision ABS A0312 J W FOOTE SURVEY, TRACT 1
Directions Going East on FM 6, turn Right onto FM 1138. A little less then a mile down, the property is to your Left.
Standard status Active
APN R631200000101
Lot size 1.44 Acres

Taxes and HOA fees

Tax Description ABS A0312 J W FOOTE SURVEY, TRACT 1, 1.436 AC
Tax Annual Amount 8862
Legal Description ABS A0312 J W FOOTE SURVEY, TRACT 1, 1.436 AC

Building Details

Year built 1974
Floors in Building 1
Number of units 1
Flooring type Concrete
Building materials Concrete
Roof type Concrete
Listing Agency: U Property Management
Listed By: Jay Fang · License #0671181
Added: Apr 10 Changed: Sep 15 Last Checked: Oct 16 at 11:06AM
MLS# 21189596

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 freestanding flex property was built in 1974 with concrete construction, concrete flooring, and a concrete roof. The building includes more than 3,000 square feet of open interior area, 15-foot ceilings, and 24-inch concrete walls. Existing plumbing and electrical connections serve planned kitchen, bathroom, and office areas.

The electrical system was updated by the most recent tenant for crypto mining operations and includes three EATON PRL1a panels. Each panel supports Phase 3 Wire 4, 208Y 120V service. The property encompasses 1.44 acres, with fenced parking that includes garage, assigned, and oversized spaces. Located in Nevada, Texas, the site is accessed from S FM 1138 in Collin County.

Key Highlights

  • More than 3,000 square feet of open interior space
  • 24‑inch concrete walls and 15‑foot ceilings
  • Three EATON PRL1a electrical panels

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Plumbing Service Hair Salon (Bike/Boat/Book/etc) Store Restaurant Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15 ft
Clear height
Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby
Well-served
Demand for This Use

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
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Freestanding concrete flex property with open interior space, upgraded electrical capacity, and fenced on-site parking.
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: More than 3,000 square feet of open interior space; 24‑inch concrete walls and 15‑foot ceilings; Three EATON PRL1a electrical panels
More about this property
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