Steel Warehouse with Overhead
For Sale
$110,000
845 Smith St, Malakoff, TX 75148
COMMERCIAL - Malakoff, TX
Property Size1,200 SF
Lot Size1.03 Acres
Price / SF$91.67
Days on Market204
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: Aug 4
Last Checked: Aug 5 at 2:06AM
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.
Investment Insights
Based on property information with market context.
Built in 2021, this 1,200-square-foot warehouse features steel construction, a slab foundation, and a 30-by-40-foot footprint. Two overhead doors provide access to the interior, which is configured for warehouse or storage use. The building sits on a 1.03-acre tract at 845 Smith St in Malakoff, Texas.
The property is outside municipal limits and does not currently have utilities in place. Its combination of a freestanding warehouse structure and acreage provides a straightforward commercial storage configuration, subject to the buyer’s intended use and utility requirements.
The property is outside municipal limits and does not currently have utilities in place. Its combination of a freestanding warehouse structure and acreage provides a straightforward commercial storage configuration, subject to the buyer’s intended use and utility requirements.
Key Highlights
- 1,200‑square‑foot steel warehouse built in 2021
- 30‑by‑40‑foot building with slab foundation
- Two overhead doors
Financial Insights For Warehouse
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 | $9.8k | $8.16 |
| − Vacancy | −$999 | −$0.83 |
| EGI | $8.8k | $7.33 |
| − OpEx | −$1.3k | −$1.10 |
| NOI | $7.5k | $6.23 |
1,200 SF · lease $8.16/SF/yr · vacancy 10.20% · expense 15.00%
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
Property Profile
Current Use
Lease Details
2
Drive-in doors
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
Properties on Market for Warehouses in Henderson County
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
- 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 - Steel construction, a slab foundation, and overhead-door access support storage use.
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: 1,200‑square‑foot steel warehouse built in 2021; 30‑by‑40‑foot building with slab foundation; Two overhead doors
