Steel Warehouse with Overhead
New
For Sale
$110,000
845 N Smith Street, Malakoff, TX 75148
A county-located building offers a slab foundation and warehouse space for storage.
Property Size1,200 SF
Price / SF$91.67
Days on Market5
Property Features for 845 N Smith Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Additional Details
Utilities to Site
No
Building Details
Building Size
1,200 SF
Year Built
2021
Buildings
1
Stories
1
Units
1
Construction
steel
Listing Agency:
Ebby Halliday Realtors
(903) 340-8590
Listed By:
Kathy Martin · License #0472199
(903) 880-7388
Source:
Bourquinrealty
Added: Oct 20
Changed: Oct 22
Last Checked: Oct 22 at 2:41PM
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 Ebby Halliday Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot steel warehouse was built in 2021 and sits on a concrete slab. The building measures 30 by 40 feet and has two 12-foot overhead doors, providing direct access to the interior. It is situated on a little over an acre in the county, close to Malakoff.
Key Highlights
- 1,200‑square‑foot steel building constructed in 2021
- 30‑by‑40‑foot footprint with a slab foundation
- Two 12‑foot overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,474
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,480
$149.5K
Cap Rate 7%
$106,771
$106.8K
Cap Rate 9%
$83,044
$83.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$9.8K $8.16/SF
− Vacancy
−$999 −$0.83/SF
EGI
$8.8K $7.33/SF
− OpEx
−$1.3K −$1.10/SF
NOI
$7.5K $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%
$149,480
Cap Rate 7%
$106,771
Cap Rate 9%
$83,044
Alternative Uses
Best Use
Warehouse
$106.8K
$93.4K – $124.6K
NOI $7,474 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.1K
$369.4K – $492.5K
NOI $29,549 @ 7.0% cap · market cap 26.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75148, TX
5,796
Population
3,625
Households
1.6
Avg Household Size
46
Median Age
22%
College-Educated
85%
High-School Grad
88.8 sq mi
ZIP Area
65
Density / Sq Mi
$59,923
Median Household Income
$33,318
Median Earnings
$838
Median Rent
$159,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Hunnybear Storage — 420 E Royall Blvd, Malakoff, TX 75148
Frequently Asked Questions
What type of property is this?
Warehouse - A county-located building offers a slab foundation and warehouse space for storage.
Where is this warehouse located?
The property is located at 845 N Smith Street Malakoff, TX.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: 1,200‑square‑foot steel building constructed in 2021; 30‑by‑40‑foot footprint with a slab foundation; Two 12‑foot overhead doors
