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    Industrial Warehouse with Office Title is generated by Realmo AI

    6274 FM 148, Terrell, TX 75160

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    For Lease
    $3,500/Mo $10 SF/Yr (calc)

    COMMERCIAL - Terrell, TX

    Property size:
    4,000 SF
    Lot size:
    0.35 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 12:06 am

    Property Features for 6274 FM 148

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    52168
    Size
    4,000 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Description
    ADAMS STREET ACRES, LOT 1; & BUILDING

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2004
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    MetalSiding, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    John Morrison

    Listing agent John Morrison License #0676114

    Listing office Exalt Realty Forney, TX

    Listing date Jun 2, 2026

    MLS# 21287084

    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.

    HighLights

    • 4,000 SF industrial warehouse built in 2004 with office area and warehouse space designed for flexible use
    • Fully air‑conditioned with central heating and central air
    • 3 front‑facing roll‑up doors for convenient loading and workflow
    • Warehouse ceilings approx. 15–20 ft with metal roof and concrete flooring
    • Mezzanine‑style storage above the office adds additional usable space
    • Aerobic septic system and a rear bay that can be closed off from the main warehouse for dedicated storage or workspace

    Overview

    This versatile industrial warehouse provides a functional layout for a range of commercial, manufacturing, or service-based uses. The fully air-conditioned building includes an office area and clear, high-volume warehouse space with ceiling heights estimated around 15 to 20 feet. For loading and workflow, there are three front-facing roll-up doors that support practical access to the main production and storage areas.

    Additional flexibility comes from mezzanine-style storage above the office, helping maximize organized space without compromising day-to-day usability. The building also features a separate rear bay that can be closed off from the main warehouse, which can accommodate a specialty workspace, dedicated storage, or an operations split when needed. Located at 6274 FM 148 in Terrell, the property offers a self-contained industrial setup sized for owner-users or investors seeking a well-equipped facility.

    The configuration makes this space a strong fit for businesses that want on-site administrative space alongside a working warehouse environment, including light production, distribution, or service operations. It also suits investors looking for an industrial asset with both flexible warehouse access and additional storage options, including the mezzanine and the ability to segment the rear bay. Overall, the layout supports efficient operations today while providing room to adapt as needs evolve.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • FREZ-n-STOR Terrell — Frez-N-Stor, 200 Apache Trail, Terrell, TX 75160

    Location Insight

    • Map
    • Local Demand
    City
    Terrell
    County
    Kaufman
    State
    Texas
    Longitude
    -96.3938027
    Latitude
    32.6743834

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    FAQs

    What type of property is this?
    Warehouse - Air-conditioned warehouse with office space, three roll-up doors, and flexible rear bay for efficient operations.
    Where is this warehouse located?
    The property is located at 6274 FM 148 Terrell, TX.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: 4,000 SF industrial warehouse built in 2004 with office area and warehouse space designed for flexible use; Fully air‑conditioned with central heating and central air; 3 front‑facing roll‑up doors for convenient loading and workflow
    (972) 757-1837
    We can help!
    Listing Contact
    John Morrison
    Real Estate License ID: 0676114
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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