Industrial Service Facility on
For Sale
Contact for pricing
7659 US-281, Pleasanton, TX 78064
21,400 SF industrial facility on 5.8 acres.
Property Size21,400 SF
Lot Size5.80 Acres
Price / SF$70.05
Days on Market1125
Property Features for 7659 US-281
General Information
Standard status
Active
Size
21,400 SF
Lot size
5.80 Acres
Property subtype
Industrial
Zoning
Outside City Limits
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
NRG Realty Group
Listed By:
Justin Dodd · License #9004023
(432) 363-4777
Source:
Crexi
Added: Sep 25, 2023
Changed: Oct 18
Last Checked: Oct 20 at 5:39PM
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 NRG Realty Group
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Investment Insights
Based on property information with market context.
This industrial service facility offers a total of 21,400 square feet of space on 5.8 acres, featuring approximately 830 feet of frontage on US Highway 281. The main building encompasses 12,600 square feet, which includes 5,600 square feet of office space and 7,000 square feet of shop area. The office area is equipped with 5 private offices, 2 restrooms, a large kitchen/break room, a large conference room or cubicle space, and additional office space on the second floor. The warehouse portion features six 16-foot overhead doors configured as 3 drive-through bays, a 3-ton crane, and a covered 2-bay wash-bay. Additional amenities include an air compressor, mechanic inspection pit, shop heaters, a truck weighing station, and an oil change station. A second 8,000-square-foot warehouse is also located on the property, featuring one dock-high door and one grade-level door. The site is equipped with 3-phase/480V power, a water well, and a septic system.
Key Highlights
- 21,400 SF industrial service facility on 5.8 acres with ±830' frontage on US Hwy 281.
- Main building: 12,600 SF (5,600 SF office, 7,000 SF shop) with 6 overhead doors creating 3 drive‑through bays.
- 8,000 SF secondary warehouse with 1 dock‑high and 1 grade‑level door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,868
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,497,360
$2.5M
Cap Rate 7%
$1,783,829
$1.8M
Cap Rate 9%
$1,387,422
$1.4M
Market Conditions
NOI Build-Up for 21,400 SF
Gross rent
$195.2K $9.12/SF
− Vacancy
−$16.8K −$0.78/SF
EGI
$178.4K $8.34/SF
− OpEx
−$53.5K −$2.50/SF
NOI
$124.9K $5.83/SF
Area
Atascosa County, TX
Vacancy
8.60%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,497,360
Cap Rate 7%
$1,783,829
Cap Rate 9%
$1,387,422
Alternative Uses
Best Use
Flex RnD
$2.38M
$2.08M – $2.77M
NOI $166,478 @ 7.0% cap · market cap 11.11%
Second Best
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,868 @ 7.0% cap · market cap 8.33%
Theoretical Best
Hotel Hospitality
$16.12M
$14.10M – $18.81M
NOI $1,128,315 @ 7.0% cap · market cap 75.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 78064, TX
15,710
Population
6,179
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
281.4 sq mi
ZIP Area
56
Density / Sq Mi
$69,407
Median Household Income
$36,185
Median Earnings
$1,109
Median Rent
$216,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 21,400 SF industrial facility on 5.8 acres.
Where is this flex space located?
The property is located at 7659 US-281 Pleasanton, TX.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 21,400 SF industrial service facility on 5.8 acres with ±830' frontage on US Hwy 281.; Main building: 12,600 SF (5,600 SF office, 7,000 SF shop) with 6 overhead doors creating 3 drive‑through bays.; 8,000 SF secondary warehouse with 1 dock‑high and 1 grade‑level door.
