Commercial Land with Existing
For Sale
$1,400,000
8866 State Highway 34 S, Quinlan, TX 75474
Hwy 34 frontage and an existing office layout support commercial repositioning or new construction plans.
Property Size5,500 SF
Price / SF$254.55
Days on Market78
Property Features for 8866 State Highway 34 S
General Information
Standard status
Active
Size
5,500 SF
Building Details
Year Built
1976
Listing Agency:
Exit Realty Pinnacle Group
Listed By:
Kathy Hobbs · License #0417256
(972) 741-2421
Source:
Yourdavisteam
Added: Aug 18
Changed: Oct 26
Last Checked: Oct 7 at 5:25PM
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 Exit Realty Pinnacle Group
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Investment Insights
Based on property information with market context.
This 0.89-acre commercial land offering includes a 5,500-square-foot building constructed in 1976. The existing improvements contain several offices that can be adapted for retail, office, or service-oriented use, along with an upstairs apartment. The property is currently occupied by an accounting office; the business is not included in the real estate transaction, and the seller will not make building updates.
Located at 8866 State Highway 34 S in Quinlan, the site has prominent Hwy 34 frontage. Starbucks is north of the property, with retail businesses to the south and Walmart among the surrounding commercial businesses. The property also presents a build-to-suit path for a new facility tailored to a future user's requirements.
Located at 8866 State Highway 34 S in Quinlan, the site has prominent Hwy 34 frontage. Starbucks is north of the property, with retail businesses to the south and Walmart among the surrounding commercial businesses. The property also presents a build-to-suit path for a new facility tailored to a future user's requirements.
Key Highlights
- 0.89 acres of commercial land with an existing building
- 5,500‑square‑foot building constructed in 1976
- Prominent frontage along Hwy 34
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,750
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,000
$1.4M
Cap Rate 7%
$996,429
$996.4K
Cap Rate 9%
$775,000
$775.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$120.8K $21.96/SF
− Vacancy
−$27.8K −$5.05/SF
EGI
$93.0K $16.91/SF
− OpEx
−$23.3K −$4.23/SF
NOI
$69.8K $12.68/SF
Area
Hunt County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,000
Cap Rate 7%
$996,429
Cap Rate 9%
$775,000
Alternative Uses
Best Use
Office B
$996.4K
$871.9K – $1.16M
NOI $69,750 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$5.47M
$4.78M – $6.38M
NOI $382,560 @ 7.0% cap · market cap 27.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
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Business Placement
Demographics for 75474, TX
16,010
Population
7,115
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
82%
High-School Grad
105.3 sq mi
ZIP Area
152
Density / Sq Mi
$66,299
Median Household Income
$35,770
Median Earnings
$1,101
Median Rent
$169,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Hwy 34 frontage and an existing office layout support commercial repositioning or new construction plans.
Where is this commercial land located?
The property is located at 8866 State Highway 34 S Quinlan, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.89 acres of commercial land with an existing building; 5,500‑square‑foot building constructed in 1976; Prominent frontage along Hwy 34
