Flex Space with Shop
New
For Sale
$450,000
731 Ferguson Dr, Corsicana, TX 75110
Office and shop areas are complemented by a new HVAC unit and multiple roll-up doors.
Property Size6,000 SF
Price / SF$75
Days on Market5
Property Features for 731 Ferguson Dr
General Information
Standard status
Active
Size
6,000 SF
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Year Built
2002
Listing Agency:
Premier Realty
Listed By:
Stormy Hornik · License #0770931
(903) 205-1717
Source:
Thefryerealtyteam
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 2:26PM
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 Premier Realty
Investment Insights
Based on property information with market context.
This 6,000-square-foot flex property includes dedicated office space and approximately 4,000 square feet of shop area. A new HVAC unit serves the building, which was constructed in 2002. Seven roll-up doors provide access to the shop, and chain-link fencing encloses the property.
The site is in a small industrial area of Corsicana, just off Interstate 45 and U.S. Highway 287. The combination of office and shop space, multiple building access points, and a secured perimeter defines the property's existing configuration.
The site is in a small industrial area of Corsicana, just off Interstate 45 and U.S. Highway 287. The combination of office and shop space, multiple building access points, and a secured perimeter defines the property's existing configuration.
Key Highlights
- 6,000‑square‑foot flex property built in 2002
- Approximately 4,000 square feet of shop space plus dedicated office area
- Seven roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,483
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,660
$769.7K
Cap Rate 7%
$549,757
$549.8K
Cap Rate 9%
$427,589
$427.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$60.5K $10.08/SF
− Vacancy
−$5.5K −$0.92/SF
EGI
$55.0K $9.16/SF
− OpEx
−$16.5K −$2.75/SF
NOI
$38.5K $6.41/SF
Area
Navarro County, TX
Vacancy
9.10%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,660
Cap Rate 7%
$549,757
Cap Rate 9%
$427,589
Alternative Uses
Best Use
Industrial
$549.8K
$481.0K – $641.4K
NOI $38,483 @ 7.0% cap · market cap 8.55%
Second Best
Flex RnD
$419.7K
$367.3K – $489.7K
NOI $29,381 @ 7.0% cap · market cap 6.53%
Theoretical Best
Multifamily LT 5
$65.92M
$57.68M – $76.90M
NOI $4,614,139 @ 7.0% cap · market cap 1,025.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75110, TX
30,336
Population
11,980
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
137.5 sq mi
ZIP Area
221
Density / Sq Mi
$53,053
Median Household Income
$29,804
Median Earnings
$1,043
Median Rent
$169,200
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 - Office and shop areas are complemented by a new HVAC unit and multiple roll-up doors.
Where is this flex space located?
The property is located at 731 Ferguson Dr Corsicana, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6,000‑square‑foot flex property built in 2002; Approximately 4,000 square feet of shop space plus dedicated office area; Seven roll‑up doors
