Flex Space with Dual
For Sale
$820,000
8667 S Collinsville Fwy, Collinsville, TX 76233
Metal shop space is integrated with two separate residential layouts and dedicated kitchens.
Property Size10,000 SF
Lot Size5.00 Acres
Price / SF$82
Days on Market15
Property Features for 8667 S Collinsville Fwy
General Information
Standard status
Active
Size
10,000 SF
Lot size
5.00 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,648
Building Details
Buildings
1
Construction
metal
Listing Agency:
Post Oak Realty West
(940) 384-7355
Listed By:
Cason Caraway · License #0683009
(940) 384-7355
Source:
Exprealty
Added: Jul 21
Changed: Aug 3
Last Checked: Aug 3 at 5:39AM
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 Post Oak Realty West
Investment Insights
Based on property information with market context.
This 10,000 SF flex property combines a metal shop with two self-contained residential areas under one roof. Residence A includes 1 bedroom and 1 bath, an oversized primary suite with two walk-in closets, a safe room, a kitchen with two ovens including a convection oven, living and dining areas, and a laundry room. Residence B provides 2 bedrooms, 1 bath, a full kitchen, dining area, and living room. The shop includes a half bath and workspace for equipment, hobbies, or business operations.
The property encompasses 5 acres with frontage on Highway 377, providing a substantial land component and direct highway exposure. The address is 8667 S Collinsville Fwy, Collinsville, TX 76233. The configuration supports combined commercial and residential use as a single flex-space asset.
The property encompasses 5 acres with frontage on Highway 377, providing a substantial land component and direct highway exposure. The address is 8667 S Collinsville Fwy, Collinsville, TX 76233. The configuration supports combined commercial and residential use as a single flex-space asset.
Key Highlights
- 5 acres with Highway 377 frontage
- 10,000 SF flex property with metal shop and dual residences
- Residence A includes 1 bedroom, 1 bath, two walk‑in closets, and a safe room
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 | $81.6k | $8.16 |
| − Vacancy | −$7.2k | −$0.72 |
| EGI | $74.4k | $7.44 |
| − OpEx | −$11.2k | −$1.12 |
| NOI | $63.3k | $6.33 |
10,000 SF · lease $8.16/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,270 @ 7.0% cap · market cap 20.40%
Second Best
Mixed Use
$1.41M
$1.24M – $1.65M
NOI $99,000 @ 7.0% cap · market cap 12.07%
Theoretical Best
Hotel Hospitality
$5.13M
$4.49M – $5.99M
NOI $359,100 @ 7.0% cap · market cap 43.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76233, TX
3,719
Population
1,433
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
60.3 sq mi
ZIP Area
62
Density / Sq Mi
$65,701
Median Household Income
$45,186
Median Earnings
$1,070
Median Rent
$228,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal shop space is integrated with two separate residential layouts and dedicated kitchens.
Where is this flex space located?
The property is located at 8667 S Collinsville Fwy Collinsville, TX.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: 5 acres with Highway 377 frontage; 10,000 SF flex property with metal shop and dual residences; Residence A includes 1 bedroom, 1 bath, two walk‑in closets, and a safe room
