Steel Warehouse with Overhead
For Sale
$110,000
845 Smith Street, Malakoff, TX 75148
Steel construction on a concrete slab offers a practical storage-oriented warehouse configuration.
Property Size1,200 SF
Price / SF$91.67
Days on Market38
Property Features for 845 Smith Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Business Opportunities
Amenities
3
Building Details
Year Built
2021
Listing Agency:
Cedar Creek Lake
(903) 880-7388
Listed By:
Ebby Halliday Realtors
(903) 880-7388
Source:
Xome
Added: Jul 4
Changed: Aug 9
Last Checked: Aug 10 at 3:15AM
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 Cedar Creek Lake
Investment Insights
Based on property information with market context.
Constructed in 2021, this 1,200-square-foot warehouse includes a steel building on a concrete slab and two 12-foot overhead doors. The 30-by-40-foot layout provides a straightforward enclosed space suited to storage use.
The property encompasses a little over an acre in the county at 845 Smith Street, with proximity to Malakoff. Utilities are not currently installed on the property.
The property encompasses a little over an acre in the county at 845 Smith Street, with proximity to Malakoff. Utilities are not currently installed on the property.
Key Highlights
- 1,200‑square‑foot warehouse building
- 30‑by‑40‑foot steel structure on a concrete slab
- Two 12 ft overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
208
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hunnybear Storage — 420 E Royall Blvd, Malakoff, TX 75148
Frequently Asked Questions
What type of property is this?
Warehouse - Steel construction on a concrete slab offers a practical storage-oriented warehouse configuration.
Where is this warehouse located?
The property is located at 845 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 warehouse building; 30‑by‑40‑foot steel structure on a concrete slab; Two 12 ft overhead doors
