Manufacturing Warehouse with
602 Pershing Ave Lufkin, TX 75904
For Sale
Contact for pricing
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 Market88
Property Features for 602 Pershing Ave
General Information
- Standard status
- Active
- Size
- 73,500 SF
- Lot size
- 50.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1970
Listing Agency:
JBK Enterprises
(903) 753-2350
Listed By:
John King · License #TX
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 24 at 11:59AM
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
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 For Industrial
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 | $590.9k | $8.04 |
| − Vacancy | −$70.9k | −$0.96 |
| EGI | $520.0k | $7.08 |
| − OpEx | −$156.0k | −$2.12 |
| NOI | $364.0k | $4.95 |
73,500 SF · lease $8.04/SF/yr · vacancy 12.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
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
