Flex Property with Shop
For Sale
Contact for pricing
8667 Us-377, Collinsville, TX 76233
Climate-controlled finished areas offer office or residential configuration alongside substantial shop and covered work space.
Property Size10,000 SF
Price / SF$0.75
Days on Market13
Property Features for 8667 Us-377
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Mezzanine
1,200 SF
Drive-In Doors
2
Additional Details
Property Use
Shop
Building Details
Year Built
2017
Listing Agency:
Talley and Company, LTD
(940) 310-6218
Listed By:
Kelsey Whitesell · License #0724414
(254) 718-6791
Source:
Ember-realty
Added: Oct 21
Changed: Nov 1
Last Checked: Nov 1 at 12:26AM
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 Talley and Company, LTD
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines a 77-by-60-foot shop with nearly 3,000 square feet of finished, climate-controlled space. The shop has two 12-by-12-foot overhead doors, a half bath with separate access, and a 20-by-60-foot mezzanine that adds about 1,200 square feet of storage. Two overhangs provide additional covered area: one measures 60 by 41 feet, and the other is 40 by 20 feet. The grounds are fenced and cross-fenced, with up to 5 acres available.
The finished portion includes two distinct layouts. One has a bedroom, bathroom, oversized suite, two walk-in closets, a built-in safe room, and a full kitchen with two ovens, including a convection oven. The other offers two bedrooms, one bathroom, a full kitchen, dining area, and living room. The property is located on Highway 377 between Tioga and Collinsville and was built in 2017.
The finished portion includes two distinct layouts. One has a bedroom, bathroom, oversized suite, two walk-in closets, a built-in safe room, and a full kitchen with two ovens, including a convection oven. The other offers two bedrooms, one bathroom, a full kitchen, dining area, and living room. The property is located on Highway 377 between Tioga and Collinsville and was built in 2017.
Key Highlights
- 77' x 60' shop with more than 4,600 square feet of ground‑level area
- Two 12' x 12' roll‑up doors and a 20' x 60' mezzanine
- Up to 5 acres available; property is fully fenced and cross‑fenced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,818
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,360
$956.4K
Cap Rate 7%
$683,114
$683.1K
Cap Rate 9%
$531,311
$531.3K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$80.4K $8.04/SF
− Vacancy
−$6.8K −$0.68/SF
EGI
$73.6K $7.36/SF
− OpEx
−$25.7K −$2.57/SF
NOI
$47.8K $4.78/SF
Area
Grayson County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,360
Cap Rate 7%
$683,114
Cap Rate 9%
$531,311
Alternative Uses
Best Use
Office B
$2.39M
$2.09M – $2.79M
NOI $167,270 @ 7.0% cap · market cap 2,230.27%
Second Best
Mixed Use
$1.41M
$1.24M – $1.65M
NOI $99,000 @ 7.0% cap · market cap 1,320.00%
Theoretical Best
Hotel Hospitality
$5.13M
$4.49M – $5.99M
NOI $359,100 @ 7.0% cap · market cap 4,788.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
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
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled finished areas offer office or residential configuration alongside substantial shop and covered work space.
Where is this flex space located?
The property is located at 8667 Us-377 Collinsville, TX.
What are key features of this property?
This property features: 77' x 60' shop with more than 4,600 square feet of ground‑level area; Two 12' x 12' roll‑up doors and a 20' x 60' mezzanine; Up to 5 acres available; property is fully fenced and cross‑fenced
