Flex Property with Industrial
For Sale
$1,750,000
8835 Fm 893, Taft, TX 78390
Industrial operations, office space, yard improvements, and an on-site residence occupy this adaptable commercial property.
Property Size6,710 SF
Lot Size7.89 Acres
Price / SF$194.92
Days on Market11
Property Features for 8835 Fm 893
General Information
Standard status
Active
Size
6,710 SF
Lot size
7.89 Acres
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
5,000 SF
Office Build-Out
1,710 SF
Additional Details
Furnished
Yes
Outdoor Storage
Yes
Amenities
covered entrance
kitchen area
Wi-Fi
surveillance system
Building Details
Year Built
1971
Buildings
2
Building Size
6,710 SF
Listing Agency:
Cravey Real Estate Services, I
Listed By:
Matthew Cravey
Source:
Thebranchinc
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 25 at 5:37AM
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 Cravey Real Estate Services, I
Investment Insights
Based on property information with market context.
This flex property combines a 6,710 SF industrial building with a 2,268 SF ranch-style residence on approximately 7.89 acres. The commercial building contains 1,710 SF of furnished office space with 4-5 offices, a kitchen area, covered entry, Wi-Fi, and surveillance coverage. Its 5,000 SF warehouse includes 20' clear height, four overhead doors, a floor pit, secured tool storage, and an in-warehouse restroom. Indoor and outdoor employee restrooms and customer and employee parking are also provided.
Approximately 2 acres are configured as an industrial yard with a covered fueling area, diesel and lube oil tanks, air compressor, gated tool room, tire racks, wash rack, and equipment laydown area. Dual entrances support circulation, while the yard accommodates oversized trailers. An additional 5.89 acres provides expansion area. The residence includes vaulted wood ceilings, wood flooring, and a backyard swimming pool. The property was built in 1971 and is located at 8835 FM 893 in Taft, Texas.
Approximately 2 acres are configured as an industrial yard with a covered fueling area, diesel and lube oil tanks, air compressor, gated tool room, tire racks, wash rack, and equipment laydown area. Dual entrances support circulation, while the yard accommodates oversized trailers. An additional 5.89 acres provides expansion area. The residence includes vaulted wood ceilings, wood flooring, and a backyard swimming pool. The property was built in 1971 and is located at 8835 FM 893 in Taft, Texas.
Key Highlights
- +/-7.89 acre property with 6,710 SF industrial building and 2,268 SF residence
- 5,000 SF warehouse with 20' clear height, four overhead doors, and floor pit
- 1,710 SF furnished office area with 4‑5 offices, kitchen area, and covered entrance
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
$116,151
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
6.64%
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%
$2,323,020
$2.3M
Cap Rate 7%
$1,659,300
$1.7M
Cap Rate 9%
$1,290,567
$1.3M
Market Conditions
NOI Build-Up for 8,978 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
$213.3K $23.76/SF
− Vacancy
−$58.4K −$6.51/SF
EGI
$154.9K $17.25/SF
− OpEx
−$38.7K −$4.31/SF
NOI
$116.2K $12.94/SF
Area
San Patricio County, TX
Vacancy
27.40%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
25.00%
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%
$2,323,020
Cap Rate 7%
$1,659,300
Cap Rate 9%
$1,290,567
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,151 @ 7.0% cap · market cap 6.64%
Second Best
Mixed Use
$1.30M
$1.14M – $1.52M
NOI $90,902 @ 7.0% cap · market cap 5.19%
Theoretical Best
Hotel Hospitality
$4.61M
$4.03M – $5.37M
NOI $322,400 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78390, TX
5,447
Population
2,364
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
76%
High-School Grad
201.6 sq mi
ZIP Area
27
Density / Sq Mi
$71,940
Median Household Income
$42,352
Median Earnings
$1,034
Median Rent
$134,200
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?
Flex space - Industrial operations, office space, yard improvements, and an on-site residence occupy this adaptable commercial property.
Where is this flex space located?
The property is located at 8835 Fm 893 Taft, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: +/-7.89 acre property with 6,710 SF industrial building and 2,268 SF residence; 5,000 SF warehouse with 20' clear height, four overhead doors, and floor pit; 1,710 SF furnished office area with 4‑5 offices, kitchen area, and covered entrance
