Flex Space with Metal
For Sale
$240,000
Pending
8208 Pearl Street, Lillian, TX 76061
CommercialSale, Lillian, TX
Property Size1,200 SF
Lot Size0.79 Acres
Days on Market57
Property Features for 8208 Pearl Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Not Zoned
Parking features
RV, Garage
Subdivision
Original Town
Lot features
Back Yard, Cleared, Corner Lot, Lawn
Directions
Hwy 35 South to FM 917 East. Left on FM 2738. Right on Pearl St. Property is the whole block on Pearl St. Road frontage on three sides.
Standard status
Pending
APN
R000055839
Size
1,608 SF
Lot size
0.79 Acres
Utilities
Sewer type
Septic Tank, Aerobic Septic
Water source
Well, Public
Amenities
metal shop
RV parking structure
storage workspace
private water well
residential structure
Building Details
Year built
1960
Floors in Building
1
Number of units
3
Flooring type
Combination
Building materials
MetalSiding, Concrete
Roof type
Mixed
Listing Agency:
Texas Prime Real Estate
(979) 695-3300
Listed By:
Paula Hardee · License #0525707
(817) 404-9569
Added: Aug 13
Changed: Sep 15
Last Checked: Oct 8 at 6:06PM
MLS# 21357698
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex-space property occupies approximately 0.79 acres and includes an approximately 1,200 SF insulated metal shop with three roll-up doors. Improvements also include extensive electrical service, an RV parking structure, additional storage workspace, and an existing residential structure. A private water well is present, while city water and electric services are connected. The property was built in 1960 and features metal siding, concrete, combination flooring, and a mixed roof system.
The site fronts FM 2738, Pearl St., and Walnut St. in Lillian, with FM 917 nearby. It consists of Lots 13 through 24 platted in Original Town Lillian and is identified as being in the Tarrant County ETJ and unincorporated Johnson County. No known deed restrictions are reported.
The site fronts FM 2738, Pearl St., and Walnut St. in Lillian, with FM 917 nearby. It consists of Lots 13 through 24 platted in Original Town Lillian and is identified as being in the Tarrant County ETJ and unincorporated Johnson County. No known deed restrictions are reported.
Key Highlights
- Approximately 0.79 acres comprising Lots 13 through 24 in Original Town Lillian
- Approximately 1,200 SF insulated metal shop with three roll up doors
- Road frontage on FM 2738, Pearl St., and Walnut St.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,182
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,640
$223.6K
Cap Rate 7%
$159,743
$159.7K
Cap Rate 9%
$124,244
$124.2K
Market Conditions
NOI Build-Up for 1,608 SF
Gross rent
$14.5K $9.00/SF
− Vacancy
−$1.3K −$0.82/SF
EGI
$13.2K $8.18/SF
− OpEx
−$2.0K −$1.23/SF
NOI
$11.2K $6.95/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,640
Cap Rate 7%
$159,743
Cap Rate 9%
$124,244
Alternative Uses
Best Use
Warehouse
$159.7K
$139.8K – $186.4K
NOI $11,182 @ 7.0% cap · market cap 4.66%
Second Best
Industrial
$118.7K
$103.9K – $138.5K
NOI $8,308 @ 7.0% cap · market cap 3.46%
Theoretical Best
Multifamily LT 5
$19.27M
$16.87M – $22.49M
NOI $1,349,217 @ 7.0% cap · market cap 562.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76061, TX
192
Population
56
Households
3.4
Avg Household Size
35
Median Age
2.2 sq mi
ZIP Area
87
Density / Sq Mi
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated metal shop with substantial electrical capacity, RV parking, storage workspace, and connected public water service.
Where is this flex space located?
The property is located at 8208 Pearl Street Lillian, TX.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Approximately 0.79 acres comprising Lots 13 through 24 in Original Town Lillian; Approximately 1,200 SF insulated metal shop with three roll up doors; Road frontage on FM 2738, Pearl St., and Walnut St.
