Flex Space with Shop
For Sale
$599,000
5608 Hwy 82, Blossom, TX 75416
Dual-zoned commercial property with a large insulated shop, office components, and separate residential improvements.
Property Size5,000 SF
Lot Size3.18 Acres
Price / SF$119.80
Days on Market25
Property Features for 5608 Hwy 82
General Information
Standard status
Active
Size
5,000 SF
Lot size
3.18 Acres
Property subtype
CommercialSale
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Clear Height
12 ft
Amenities
Office
Kitchenette
Half Bath
Paint Room
Overhangs
HVAC
220V Plugs
Building Details
Buildings
5
Construction
Metal
Listing Agency:
Top Notch Realty & Associates
(903) 348-3196
Listed By:
Jaime Huddleston · License #0562778
Source:
Suekrider
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 25 at 9:58AM
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 Top Notch Realty & Associates
Investment Insights
Based on property information with market context.
This flex-space property includes a 5,000-square-foot insulated metal shop with five bay doors, 12-foot ceilings, HVAC, multiple 220V plugs, an office, kitchenette, half bath, paint room, and expansive overhangs. The site also includes a 1,920-square-foot barndominium-style residence built in 2020, configured with two suites and an open-concept interior. Additional improvements include an approximately 1,152-square-foot finished pool house and storage buildings measuring 336 square feet and 56 square feet.
The 3.179-acre property has direct frontage on Hwy 82 and three access points. Dual zoning, two septic systems, a separate septic system serving the commercial side, and two RV hookups support varied commercial and residential site configurations. The property is located at 5608 Hwy 82 in Blossom, Texas.
The 3.179-acre property has direct frontage on Hwy 82 and three access points. Dual zoning, two septic systems, a separate septic system serving the commercial side, and two RV hookups support varied commercial and residential site configurations. The property is located at 5608 Hwy 82 in Blossom, Texas.
Key Highlights
- 5,000‑square‑foot insulated metal shop with five bay doors and 12‑foot ceilings
- Multiple 220V plugs, HVAC, office, kitchenette, half bath, paint room, and expansive overhangs
- 3.179‑acre property with direct Hwy 82 frontage and three access points
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
$43,125
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
7.20%
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%
$862,500
$862.5K
Cap Rate 7%
$616,071
$616.1K
Cap Rate 9%
$479,167
$479.2K
Market Conditions
NOI Build-Up for 5,000 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
$75.0K $15.00/SF
− Vacancy
−$6.0K −$1.20/SF
EGI
$69.0K $13.80/SF
− OpEx
−$25.9K −$5.18/SF
NOI
$43.1K $8.63/SF
Area
Lamar County, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
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%
$862,500
Cap Rate 7%
$616,071
Cap Rate 9%
$479,167
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,400 @ 7.0% cap · market cap 14.42%
Second Best
Mixed Use
$616.1K
$539.1K – $718.8K
NOI $43,125 @ 7.0% cap · market cap 7.20%
Theoretical Best
Hotel Hospitality
$3.77M
$3.30M – $4.39M
NOI $263,625 @ 7.0% cap · market cap 44.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75416, TX
2,848
Population
1,257
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
92%
High-School Grad
76.4 sq mi
ZIP Area
37
Density / Sq Mi
$78,967
Median Household Income
$41,827
Median Earnings
$940
Median Rent
$169,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Savory Sisters Catering — 1200 W Front St, Blossom, TX 75416
Frequently Asked Questions
What type of property is this?
Flex space - Dual-zoned commercial property with a large insulated shop, office components, and separate residential improvements.
Where is this flex space located?
The property is located at 5608 Hwy 82 Blossom, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5,000‑square‑foot insulated metal shop with five bay doors and 12‑foot ceilings; Multiple 220V plugs, HVAC, office, kitchenette, half bath, paint room, and expansive overhangs; 3.179‑acre property with direct Hwy 82 frontage and three access points
