Steel Warehouse with Overhead
For Sale
$110,000
845 Smith St, Malakoff, TX 75148
Commercial Sale, Malakoff, TX
Property Size1,200 SF
Lot Size1.03 Acres
Price / SF$91.67
Days on Market296
Property Features for 845 Smith St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Henderson
Standard status
Active
APN
0481.0100.0A1D.60
Size
1,200 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Description
10 A1D
Legal Description
10 A1D
Building Details
Year built
2021
Listing Agency:
Ebby Halliday Realtors - Cedar Creek Lake
(903) 340-8590
Listed By:
Kathy Martin · License #0472199
(903) 880-7388
Added: Jan 13
Changed: Oct 19
Last Checked: Nov 4 at 11:06PM
MLS# 110159
Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1200-square-foot warehouse was completed in 2021 and uses steel construction over a concrete slab. The building measures 30x40 and includes 2 overhead doors. It occupies a 1.03-acre site, providing the stated building and land configuration for the property.
The property is located at 845 Smith St in Malakoff, Texas, outside the city limits. Utilities are not currently present at the site.
The property is located at 845 Smith St in Malakoff, Texas, outside the city limits. Utilities are not currently present at the site.
Key Highlights
- 1200 square feet of warehouse space
- 30x40 steel building on a slab
- 2 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
207
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Malakoff Storage — 209 S Terry St, Malakoff, TX 75148
- Hunnybear Storage — 420 E Royall Blvd, Malakoff, TX 75148
Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2021, the property is outside city limits and currently has no utilities.
Where is this warehouse located?
The property is located at 845 Smith St 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: 1200 square feet of warehouse space; 30x40 steel building on a slab; 2 overhead doors
