Building Details

Year built 1990

Floors in Building 1

Number of units 1

Flooring type Carpet, Concrete

Building materials MetalSiding

Roof type Metal

Listing Agency: Coldwell Banker American Dream · Coldwell Banker Real Estate a***@yahoo.com Show Phone

Listed By: Robert Blaase · License #0393397 Show Phone

Added: Oct 8 Last Checked: Oct 9 at 6:06AM

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MLS# 21407403

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Investment Insights

Based on property information with market context.

Located at 735 W Main Street, the mixed-use property includes a storefront, six separate rooms, and a warehouse served by three roll-up doors. The 6,170-square-foot building was constructed in 1990 and sits on 2.928 acres. Interior flooring includes carpet and concrete, with metal siding and a metal roof.

The entire site is fenced, with two gated points of entry leading to the rear area. Open parking is available, and the property has public water and public sewer service.

Key Highlights

• 6,170‑square‑foot building on 2.928 acres
• Storefront, six additional rooms, and warehouse space
• Warehouse has three roll‑up doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,430

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$768,600 $768.6K

Cap Rate 7%

$549,000 $549.0K

Cap Rate 9%

$427,000 $427.0K

Market Conditions

NOI Build-Up for 6,170 SF

Gross rent

$50.3K $8.16/SF

− Vacancy

−$5.1K −$0.83/SF

EGI

$45.2K $7.33/SF

− OpEx

−$6.8K −$1.10/SF

NOI

$38.4K $6.23/SF

Area

Henderson County, TX

Vacancy

10.20%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$768,600

Cap Rate 7%

$549,000

Cap Rate 9%

$427,000

Alternative Uses

Best Use

Retail

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,649 @ 7.0% cap · market cap 12.18%

Second Best

Warehouse

$549.0K

$480.4K – $640.5K (±1% cap)

NOI $38,430 @ 7.0% cap · market cap 5.53%

Theoretical Best

Office A

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,930 @ 7.0% cap · market cap 21.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Home Medical Production Facility

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Bakery HVAC Service Carpet & Flooring Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

405

Businesses Nearby

Explore this area Business Placement

Demographics for 75156, TX

15,708

Population

8,969

Households

1.8

Avg Household Size

48

Median Age

17%

College-Educated

86%

High-School Grad

32.1 sq mi

ZIP Area

489

Density / Sq Mi

$59,303

Median Household Income

$35,316

Median Earnings

$932

Median Rent

$209,100

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A street-facing storefront and enclosed warehouse provide distinct commercial spaces within one property.

Where is this mixed-use property located?

The property is located at 735 W Main Street Gun Barrel City, TX.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 6,170‑square‑foot building on 2.928 acres; Storefront, six additional rooms, and warehouse space; Warehouse has three roll‑up doors