Manufacturing Warehouse with
For Sale
Contact for pricing
602 Pershing Ave, Lufkin, TX 75904
Manufacturing and warehousing facility on a fenced concrete yard with dock-high doors and multiple overhead cranes.
Property Size73,500 SF
Lot Size50.00 Acres
Price / SF$61.39
Days on Market179
Property Features for 602 Pershing Ave
General Information
Standard status
Active
Size
73,500 SF
Class
C
Lot size
50.00 Acres
Property subtype
Industrial
Zoning
CB
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$327,075
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
34 ft
Heavy Power
Yes
Amenities
Heaters
Rail Line
Offices
Break-room
LED Lighting
Fabrication Shop
Wood Working Shop
Building Details
Year Built
1970
Year Renovated
2023
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
JBK Enterprises
Listed By:
John King · License #TX
(903) 753-2350
Source:
Crexi
Added: Apr 28
Changed: Oct 10
Last Checked: Oct 23 at 3:22AM
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 JBK Enterprises
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing warehouse facility totals 73,500 square feet and sits on 50 acres of fenced concrete yard. The main building offers clear heights ranging from 29 to 34 feet, a 10-inch-plus concrete slab, heavy power, heaters, and LED lighting. Loading includes dock-high doors and oversized electric grade-level doors. The property also includes office space, a break room, a fabrication shop, and a wood working shop, supported by 10 overhead cranes ranging from 3-ton to 25-ton capacity with a 30-foot hook height.
Additional improvements include a rail line and a separate bonus metal building of 30,370 square feet with 32-foot clear height that is not under lease. The bonus building needs maintenance work, including replacement of exterior metal panels.
The current lease covers the facility and portions of the yard, with the tenant not occupying the entire 50-acre site. The remainder of the yard may be suitable for development into additional income producing space, subject to applicable approvals.
Additional improvements include a rail line and a separate bonus metal building of 30,370 square feet with 32-foot clear height that is not under lease. The bonus building needs maintenance work, including replacement of exterior metal panels.
The current lease covers the facility and portions of the yard, with the tenant not occupying the entire 50-acre site. The remainder of the yard may be suitable for development into additional income producing space, subject to applicable approvals.
Key Highlights
- 73,500 SF manufacturing/warehouse facility on 50 acres of fenced concrete yard
- 29' to 34' clear heights with 10‑inch‑plus concrete slab for heavy‑duty operations
- Heavy power and 10 overhead cranes (3‑ton to 25‑ton) with up to 30' hook height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$364,019
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,280,380
$7.3M
Cap Rate 7%
$5,200,271
$5.2M
Cap Rate 9%
$4,044,656
$4.0M
Market Conditions
NOI Build-Up for 73,500 SF
Gross rent
$590.9K $8.04/SF
− Vacancy
−$70.9K −$0.96/SF
EGI
$520.0K $7.08/SF
− OpEx
−$156.0K −$2.12/SF
NOI
$364.0K $4.95/SF
Area
Angelina County, TX
Vacancy
12.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,280,380
Cap Rate 7%
$5,200,271
Cap Rate 9%
$4,044,656
Alternative Uses
Best Use
Warehouse
$6.31M
$5.53M – $7.37M
NOI $442,023 @ 7.0% cap · market cap 9.80%
Second Best
Industrial
$5.20M
$4.55M – $6.07M
NOI $364,019 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$20.71M
$18.13M – $24.17M
NOI $1,450,036 @ 7.0% cap · market cap 32.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
34 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 75904, TX
34,680
Population
14,829
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
88%
High-School Grad
160.5 sq mi
ZIP Area
216
Density / Sq Mi
$59,325
Median Household Income
$36,711
Median Earnings
$1,086
Median Rent
$173,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing and warehousing facility on a fenced concrete yard with dock-high doors and multiple overhead cranes.
Where is this manufacturing property located?
The property is located at 602 Pershing Ave Lufkin, TX.
What is the asking price?
The asking price for this property is $4,512,000.
What are key features of this property?
This property features: 73,500 SF manufacturing/warehouse facility on 50 acres of fenced concrete yard; 29' to 34' clear heights with 10‑inch‑plus concrete slab for heavy‑duty operations; Heavy power and 10 overhead cranes (3‑ton to 25‑ton) with up to 30' hook height
