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For sale
Flex space
TX
Van Alstyne
75495
659 Martin Duke Road Van Alstyne

Two-Building Warehouse and Office

659 Martin Duke Road Van Alstyne Van Alstyne, TX 75495

New

659 Martin Duke Road Van Alstyne, Van Alstyne, TX, 75495

$3,200,000

For Sale

$3,200,000

Two-building industrial property offers warehouse bays with roll-up doors and central HVAC office space.

Property Size11,025 SF

Lot Size5.72 Acres

Price / SF$290.25

AddedJul 14

Days on Market2

Last RefreshJul 15 at 1:56 am

Property Features for 659 Martin Duke Road Van Alstyne

General Information

Standard status: Active
Size: 11,025 SF
Lot size: 5.72 Acres

Building Details

Year Built: 2004

Listing office

Listing date Jul 14, 2026

Source Jparhouston

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 Batts Synthiea

Investment Insights

Based on property information with market context.

This two-building industrial property includes a main building with approximately 9,625 SF and a secondary warehouse building of approximately 1,400 SF. The main facility features approximately 2,800 SF of central HVAC offices, multiple roll-up door bays (7 bays), and a shop manager office in the shop area. There are four bathrooms total, with two located in the office area and two in the shop. The second building has been used for overstock and storage only. The overall site totals approximately 5.717 acres, and the seller would consider dividing the shop and smaller acreage.

The property is offered for sale in the fast-growing Grayson County area of North Texas, with access to major hubs noted in the remarks. Availability is listed as January 15, 2026.

In addition to sale consideration, the remarks describe potential leasing of the large shop and approximately 2 acres on a 4-year minimum triple-net basis, or leasing the entire property on a higher monthly basis. Buyers should verify all details during due diligence.

Key Highlights

11,025 SF industrial facilities on 5.717 acres (Main: 9,625 SF; second building: 1,400 SF).
Main building includes approx 2,800 SF central HVAC office space and 7 bays with roll‑up doors.
Two buildings with 1,400 SF warehouse space; second building used for overstock and storage only.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$338.7k	$30.72
− Vacancy	−$92.8k	−$8.42
EGI	$245.9k	$22.30
− OpEx	−$61.5k	−$5.58
NOI	$184.4k	$16.73

11,025 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.63M

$2.31M – $3.07M (±1% cap)

NOI $184,416 @ 7.0% cap · market cap 5.76%

Second Best

Warehouse

$996.3K

$871.8K – $1.16M (±1% cap)

NOI $69,740 @ 7.0% cap · market cap 2.18%

Theoretical Best

Hotel Hospitality

$5.66M

$4.95M – $6.60M (±1% cap)

NOI $395,908 @ 7.0% cap · market cap 12.37%

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

Property Analytics

Location Intelligence

Current Use by Public Records

Cop Stuff (Bike/Boat/Book/etc) Store Priority Public Safety (Bike/Boat/Book/etc) Store

Suggested Use

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For sale
Flex space
TX
Van Alstyne
75495
659 Martin Duke Road Van Alstyne

What type of property is this?

Flex space - Two-building industrial property offers warehouse bays with roll-up doors and central HVAC office space.

Where is this flex space located?

The property is located at 659 Martin Duke Road Van Alstyne Van Alstyne, TX.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: 11,025 SF industrial facilities on 5.717 acres (Main: 9,625 SF; second building: 1,400 SF).; Main building includes approx 2,800 SF central HVAC office space and 7 bays with roll‑up doors.; Two buildings with 1,400 SF warehouse space; second building used for overstock and storage only.