Industrial Flex Space
For Sale
$2,800,000
7240 Fm 1044, Marion, TX 78124
2017 construction with additional acreage along FM 1044 between IH-10 and IH-35.
Property Size12,850 SF
Price / SF$217.90
Days on Market48
Property Features for 7240 Fm 1044
General Information
Standard status
Active
Size
12,850 SF
Property subtype
Industrial
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Building Details
Building Size
12,850 SF
Year Built
2017
Buildings
1
Listing Agency:
Legacy Commercial Real Estate
Listed By:
Cory Elrod · License #0565826
(830) 214-3489
Source:
Legacycommercialre
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 12 at 6:59PM
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 Legacy Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex space property includes a 12,850-square-foot building completed in 2017, along with additional acreage. The combination provides an owner-user with an established building and adjoining land within the same property. The asset is positioned on FM 1044 in Marion, Texas, between IH-10 and IH-35. Its highway-accessible setting places the property along a corridor connecting two interstate routes. The building and surrounding acreage create a straightforward industrial/flex configuration for an owner-user evaluating space for current operations and future property needs.
Key Highlights
- 12,850 SF flex space building
- Constructed in 2017
- Additional acreage included with the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,311
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,220
$2.7M
Cap Rate 7%
$1,933,014
$1.9M
Cap Rate 9%
$1,503,456
$1.5M
Market Conditions
NOI Build-Up for 12,850 SF
Gross rent
$231.3K $18.00/SF
− Vacancy
−$23.1K −$1.80/SF
EGI
$208.2K $16.20/SF
− OpEx
−$72.9K −$5.67/SF
NOI
$135.3K $10.53/SF
Area
Guadalupe County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,220
Cap Rate 7%
$1,933,014
Cap Rate 9%
$1,503,456
Alternative Uses
Best Use
Flex RnD
$1.93M
$1.69M – $2.26M
NOI $135,311 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$1.10M
$961.3K – $1.28M
NOI $76,907 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,926 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78124, TX
6,860
Population
2,674
Households
2.6
Avg Household Size
43
Median Age
22%
College-Educated
85%
High-School Grad
56.9 sq mi
ZIP Area
121
Density / Sq Mi
$82,534
Median Household Income
$44,510
Median Earnings
$1,326
Median Rent
$282,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 2017 construction with additional acreage along FM 1044 between IH-10 and IH-35.
Where is this flex space located?
The property is located at 7240 Fm 1044 Marion, TX.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 12,850 SF flex space building; Constructed in 2017; Additional acreage included with the building
