Highway 69 Office Warehouse
For Sale
$1,200,000
7588 Neely Rd, Lumberton, TX 77657
Turnkey office suites with attached warehouse and fenced laydown yard.
Property Size4,050 SF
Lot Size1.36 Acres
Price / SF$296.30
Days on Market1216
Property Features for 7588 Neely Rd
General Information
Standard status
Active
Size
4,050 SF
Lot size
1.36 Acres
Listing Agency:
Coldwell Banker Lumberton
Listed By:
Darci Piel
(409) 767-1576
Source:
Exprealty
Added: Jun 12, 2023
Changed: Oct 8
Last Checked: Oct 7 at 2:12PM
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 Coldwell Banker Lumberton
Investment Insights
Based on property information with market context.
Located off Highway 69 on Neely Road, this property features professional office suites with a reception area, kitchen, and restrooms. An attached warehouse area and a fenced and gated laydown yard are also included. The total land size is 1.36 acres. The office space measures 2,850 square feet. The property is turnkey and features neutral colors. The office area is designed to provide a prestigious and welcoming impression. The building includes a 5-camera security system with inside office monitoring and Wi-Fi access from a phone. The total square footage is 4,050. The property is located outside city limits.
Key Highlights
- Prime location directly off Highway 69 on Neely Road, offering excellent accessibility.
- Turnkey professional office suites with reception area, kitchen, and restrooms.
- Attached warehouse area and fenced/gated laydown yard, ideal for storage and operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,911
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,220
$938.2K
Cap Rate 7%
$670,157
$670.2K
Cap Rate 9%
$521,233
$521.2K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$80.2K $19.80/SF
− Vacancy
−$17.6K −$4.36/SF
EGI
$62.5K $15.44/SF
− OpEx
−$15.6K −$3.86/SF
NOI
$46.9K $11.58/SF
Area
Hardin County, TX
Vacancy
22.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$938,220
Cap Rate 7%
$670,157
Cap Rate 9%
$521,233
Alternative Uses
Best Use
Office B
$670.2K
$586.4K – $781.9K
NOI $46,911 @ 7.0% cap · market cap 3.91%
Second Best
Flex RnD
$574.9K
$503.1K – $670.8K
NOI $40,246 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$956.4K
$836.9K – $1.12M
NOI $66,951 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77657, TX
22,161
Population
9,044
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
384
Density / Sq Mi
$93,225
Median Household Income
$55,129
Median Earnings
$1,039
Median Rent
$243,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Turnkey office suites with attached warehouse and fenced laydown yard.
Where is this flex space located?
The property is located at 7588 Neely Rd Lumberton, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location directly off Highway 69 on Neely Road, offering excellent accessibility.; Turnkey professional office suites with reception area, kitchen, and restrooms.; Attached warehouse area and fenced/gated laydown yard, ideal for storage and operations.
