Industrial Service Facility on
7659 US-281 Pleasanton, TX 78064
For Sale
Contact for pricing
21,400 SF industrial facility on 5.8 acres.
Property Size21,400 SF
Lot Size5.80 Acres
Price / SF$70.05
Days on Market1034
Property Features for 7659 US-281
General Information
- Standard status
- Active
- Size
- 21,400 SF
- Lot size
- 5.80 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing Agency:
NRG Realty Group
(432) 363-4777
Listed By:
Justin Dodd · License #9004023
Source:
Crexi
Added: Sep 25, 2023
Changed: Jul 10
Last Checked: Jul 24 at 11:55AM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.2k | $9.12 |
| − Vacancy | −$16.8k | −$0.78 |
| EGI | $178.4k | $8.34 |
| − OpEx | −$53.5k | −$2.50 |
| NOI | $124.9k | $5.83 |
21,400 SF · lease $9.12/SF/yr · vacancy 8.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$5.25M
$4.59M – $6.12M
NOI $367,163 @ 7.0% cap · market cap 24.49%
Second Best
Flex RnD
$2.38M
$2.08M – $2.77M
NOI $166,478 @ 7.0% cap · market cap 11.11%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
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.
