Flex Property With Industrial
For Sale
$1,750,000
8835 FM 893, Taft, TX 78390
CommercialSale, Taft, TX
Property Size6,710 SF
Lot Size7.89 Acres
Price / SF$194.92
Days on Market524
Property Features for 8835 FM 893
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage
Subdivision
(TR2250) TAFT PAUL SUB
Standard status
Active
APN
43617
Size
8,978 SF
Lot size
7.89 Acres
Taxes and HOA fees
Tax Description
GEO H PAUL SUBD CFP CO, PT NW1/4 SW1/4 SEC 75 (2 ACRES) GEO H PAUL SUBD CFP CO, PT NW/4 SW/4 SEC 75 (5.89 ACRES)
Legal Description
GEO H PAUL SUBD CFP CO, PT NW1/4 SW1/4 SEC 75 (2 ACRES) GEO H PAUL SUBD CFP CO, PT NW/4 SW/4 SEC 75 (5.89 ACRES)
Utilities
Cooling system
Central Air
Water source
Public
Amenities
covered entrance
kitchen area
Wi-Fi
surveillance system
in-warehouse restroom
covered fueling area
air compressor
tool room
tire racks
wash rack
Building Details
Year built
1971
Floors in Building
1
Listing Agency:
Cravey Real Estate Services, I
(361) 289-5168
Listed By:
Matthew Cravey · License #0203443
(361) 877-2463
Added: Mar 19, 2025
Changed: Aug 19
Last Checked: Aug 24 at 4:06AM
MLS# 456332
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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.
This flex property at 8835 FM 893 includes a 6,710 SF industrial building with 1,710 SF of furnished office space and a 5,000 SF warehouse. The office area has four to five offices, a kitchen, covered entry, Wi-Fi, and surveillance coverage. Warehouse features include 20-foot clear height, four overhead doors, a floor pit, secured tool storage, and an in-warehouse restroom. Central air, public water, and a 1971 construction date are also reported.
Approximately 7.89 acres comprise the property, including about 2 acres of dedicated industrial yard and an additional 5.89 acres of yard space. Site improvements include a covered fueling area, diesel and lube oil tanks, air compressor, wash rack, tire racks, tool room with locking gate, and laydown space for oversized trailers. Two entrances serve the property. A 2,268 SF ranch-style residence includes vaulted wood ceilings, wood flooring, and a backyard swimming pool.
Approximately 7.89 acres comprise the property, including about 2 acres of dedicated industrial yard and an additional 5.89 acres of yard space. Site improvements include a covered fueling area, diesel and lube oil tanks, air compressor, wash rack, tire racks, tool room with locking gate, and laydown space for oversized trailers. Two entrances serve the property. A 2,268 SF ranch-style residence includes vaulted wood ceilings, wood flooring, and a backyard swimming pool.
Key Highlights
- 6,710 SF industrial building with 1,710 SF of furnished office space and a 5,000 SF warehouse
- 20' clear warehouse height with four overhead doors and a floor pit
- Approximately 7.89 acres, including about 2 acres of dedicated industrial yard
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
Warehouse
$851.7K
$745.2K – $993.6K
NOI $59,616 @ 7.0% cap · market cap 3.41%
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
Yes
Highway access
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial improvements include office, warehouse, secured yard areas, and an on-site residence.
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: 6,710 SF industrial building with 1,710 SF of furnished office space and a 5,000 SF warehouse; 20' clear warehouse height with four overhead doors and a floor pit; Approximately 7.89 acres, including about 2 acres of dedicated industrial yard
