Mixed-Use Property with Metal
New
For Sale
$820,000
8667 Us-377, Collinsville, TX 76233
Two separate residences accompany a flexible shop area and highway frontage.
Property Size10,000 SF
Days on Market3
Property Features for 8667 Us-377
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Zoning
not zoned
Building Details
Building Size
10,000 SF
Year Built
2017
Stories
1
Units
2
Listing Agency:
Post Oak Realty West
(940) 399-5990
Listed By:
Cason Caraway · License #0683009
(940) 399-5990
Source:
1111brokerage
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 6 at 12:07PM
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 2017 mixed-use property combines a metal shop with two independent residential areas under one roof on 5 acres. Residence A provides 1 bedroom and 1 bath, along with a kitchen featuring two ovens, a living room with a Murphy bed, dining space, laundry room, two walk-in closets, and a built-in safe room within one closet. The shop supplies workspace for equipment, hobbies, or business operations and includes a half bath accessible without entering either residence.
Residence B includes 2 bedrooms, 1 bath, a full kitchen, dining area, and living room. The separate layouts support multi-household occupancy, guest accommodations, employee housing, or a live-work arrangement, as described for the property. Highway 377 frontage provides direct roadway exposure, while the 5-acre tract is fully usable. The property is identified as not zoned.
Residence B includes 2 bedrooms, 1 bath, a full kitchen, dining area, and living room. The separate layouts support multi-household occupancy, guest accommodations, employee housing, or a live-work arrangement, as described for the property. Highway 377 frontage provides direct roadway exposure, while the 5-acre tract is fully usable. The property is identified as not zoned.
Key Highlights
- 5‑acre tract with Highway 377 frontage
- 2017 mixed‑use property with a metal shop and two residences under one roof
- Residence A includes 1 bedroom, 1 bath, two ovens, two walk‑in closets, and a built‑in safe room
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
$52,093
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
6.35%
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%
$1,041,860
$1.0M
Cap Rate 7%
$744,186
$744.2K
Cap Rate 9%
$578,811
$578.8K
Market Conditions
NOI Build-Up for 10,000 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
$81.6K $8.16/SF
− Vacancy
−$7.2K −$0.72/SF
EGI
$74.4K $7.44/SF
− OpEx
−$22.3K −$2.23/SF
NOI
$52.1K $5.21/SF
Area
Grayson County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
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%
$1,041,860
Cap Rate 7%
$744,186
Cap Rate 9%
$578,811
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
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate residences accompany a flexible shop area and highway frontage.
Where is this mixed-use property located?
The property is located at 8667 Us-377 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‑acre tract with Highway 377 frontage; 2017 mixed‑use property with a metal shop and two residences under one roof; Residence A includes 1 bedroom, 1 bath, two ovens, two walk‑in closets, and a built‑in safe room
