Flex Property with Multiple
562 Fm 1810 Decatur, TX 76234
562 Fm 1810, Decatur, TX, 76234
$589,000
For Sale
$589,000
Three updated buildings combine office, warehouse, and insulated warehouse space with outside storage and three separate units.
Property Size3,075 SF
Price / SF$191.54
Days on Market27
Property Features for 562 Fm 1810
General Information
- Standard status
- Active
- Size
- 3,075 SF
- Property subtype
- INDUSTRIAL/FLEX/OFFICE
Building Details
- Year Built
- 2009
Listing agency
Silver Oak Commercial Realty
(214) 926-8654
Listed by
Jim Leatherwood · License #TX #493949
(214) 926-8654
Source
Silveroakcre
Added: Jun 25 Updated: Jul 21 at 6:39PM Checked: Jul 21 at 6:39PM
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 Silver Oak Commercial Realty
Investment Insights
Based on property information with market context.
This flex property includes three updated, move-in-ready buildings designed to support business use with office space and shop/warehouse components. Building 1 offers approximately 1,500+/- square feet with a warehouse area and five offices, plus a kitchenette and restroom, served by split system HVAC. Building 2 provides approximately 875+/- square feet featuring a finished office area with restroom and HVAC, along with a warehouse that is insulated and includes HVAC, and includes one grade-level door. Building 3 includes approximately 700+/- square feet with an office/showroom, restroom with shower, and split system HVAC.
The property is described as having high traffic with great visibility, along with frontage and signage. Outside storage is available for cars, equipment, trailers, and materials. Security cameras are noted as being in place, and utilities include a well and septic. Split system HVAC is also described as newly installed.
The property is described as having high traffic with great visibility, along with frontage and signage. Outside storage is available for cars, equipment, trailers, and materials. Security cameras are noted as being in place, and utilities include a well and septic. Split system HVAC is also described as newly installed.
Key Highlights
- Three updated buildings totaling three separate units for office and shop/warehouse use, with outside storage available
- Building 1 offers 1,500+/- SF with warehouse plus 5 offices, kitchenette, restroom, and split system HVAC
- Building 2 is 875+/- SF with one grade‑level door, finished office space, restroom, and HVAC
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.5k | $30.72 |
| − Vacancy | −$25.9k | −$8.42 |
| EGI | $68.6k | $22.30 |
| − OpEx | −$17.1k | −$5.58 |
| NOI | $51.4k | $16.73 |
3,075 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$734.8K
$643.0K – $857.3K
NOI $51,436 @ 7.0% cap · market cap 8.73%
Second Best
Warehouse
$283.7K
$248.2K – $331.0K
NOI $19,859 @ 7.0% cap · market cap 3.37%
Theoretical Best
Hotel Hospitality
$2.32M
$2.03M – $2.70M
NOI $162,129 @ 7.0% cap · market cap 27.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hook It Up ...
Car Rental Facility
Extreme Roofing & Construction
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Three updated buildings combine office, warehouse, and insulated warehouse space with outside storage and three separate units.
Where is this flex space located?
The property is located at 562 Fm 1810 Decatur, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Three updated buildings totaling three separate units for office and shop/warehouse use, with outside storage available; Building 1 offers 1,500+/- SF with warehouse plus 5 offices, kitchenette, restroom, and split system HVAC; Building 2 is 875+/- SF with one grade‑level door, finished office space, restroom, and HVAC
