Automotive Flex
For Sale
Contact for pricing
704 E Houston St, Anna, TX 75409
Tilt-up construction supports specialized automotive operations and outdoor storage.
Property Size34,904 SF
Lot Size2.64 Acres
Price / SF$157.58
Days on Market54
Property Features for 704 E Houston St
General Information
Standard status
Active
Size
34,904 SF
Class
Class A
Lot size
2.64 Acres
Property subtype
Industrial
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
2016
Buildings
1
Building Size
34,904 SF
Construction
tilt-up concrete
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jennifer Pierson · License #424317-B
Source:
Crexi
Added: Aug 27
Changed: Oct 12
Last Checked: Oct 16 at 7:54AM
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 STRIVE Commercial Real Estate Advisors
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Investment Insights
Based on property information with market context.
Built in 2016, the 34,904-square-foot tilt-up facility occupies 2.64 acres and is configured for automotive-related operations. Improvements include commercial-grade hydraulic lifts, a spray booth, other specialized automotive features, and outdoor storage capability. The property’s flexible layout may support continued automotive use, owner occupancy, or repositioning, and the current tenant is expected to vacate.
The facility is contiguous to G2 Motorsports Park, which includes a 25,000-square-foot luxury event center and clubhouse with a private driving track. Highway 121 is nearby, providing access to North Dallas submarkets. The property is located at 704 E Houston St in Anna, Texas.
The facility is contiguous to G2 Motorsports Park, which includes a 25,000-square-foot luxury event center and clubhouse with a private driving track. Highway 121 is nearby, providing access to North Dallas submarkets. The property is located at 704 E Houston St in Anna, Texas.
Key Highlights
- 34,904 SF tilt‑up facility on 2.64 acres
- Built in 2016 with commercial‑grade hydraulic lifts and a spray booth
- Outdoor storage capability included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$255,916
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,118,320
$5.1M
Cap Rate 7%
$3,655,943
$3.7M
Cap Rate 9%
$2,843,511
$2.8M
Market Conditions
NOI Build-Up for 34,904 SF
Gross rent
$418.8K $12.00/SF
− Vacancy
−$25.1K −$0.72/SF
EGI
$393.7K $11.28/SF
− OpEx
−$137.8K −$3.95/SF
NOI
$255.9K $7.33/SF
Area
Collin County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,118,320
Cap Rate 7%
$3,655,943
Cap Rate 9%
$2,843,511
Alternative Uses
Best Use
Industrial
$34.68M
$30.35M – $40.46M
NOI $2,427,793 @ 7.0% cap · market cap 44.14%
Second Best
Retail
$8.02M
$7.02M – $9.36M
NOI $561,621 @ 7.0% cap · market cap 10.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75409, TX
21,292
Population
8,558
Households
2.5
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
78.3 sq mi
ZIP Area
272
Density / Sq Mi
$97,941
Median Household Income
$48,632
Median Earnings
$1,947
Median Rent
$316,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Tilt-up construction supports specialized automotive operations and outdoor storage.
Where is this flex space located?
The property is located at 704 E Houston St Anna, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 34,904 SF tilt‑up facility on 2.64 acres; Built in 2016 with commercial‑grade hydraulic lifts and a spray booth; Outdoor storage capability included
