Ennis Warehouse and Industrial
For Sale
Contact for pricing
2407 & 2411 N Preston Street, Ennis, TX 75119
Warehouse and industrial property available for sale in Ennis, Texas.
Property Size66,500 SF
Price / SF$78.95
Days on Market1198
Property Features for 2407 & 2411 N Preston Street
General Information
Standard status
Active
Size
66,500 SF
Class
C
Total Parking Spaces
30
Property subtype
Industrial
Zoning
Industrial
Lease Type
NN
Building Details
Year Built
1961
Listing Agency:
The Jackson Company
Listed By:
David Jackson · License #0276047
(972) 478-5757
Source:
Crexi
Added: Jul 20, 2023
Changed: Oct 27
Last Checked: Oct 28 at 8:19AM
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 The Jackson Company
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 property, located in Ennis, Texas, is available for sale. It encompasses 66,500 square feet and is suitable for warehouse and industrial use.
Key Highlights
- No property information provided.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$462,431
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,248,620
$9.2M
Cap Rate 7%
$6,606,157
$6.6M
Cap Rate 9%
$5,138,122
$5.1M
Market Conditions
NOI Build-Up for 66,500 SF
Gross rent
$598.5K $9.00/SF
− Vacancy
−$54.5K −$0.82/SF
EGI
$544.0K $8.18/SF
− OpEx
−$81.6K −$1.23/SF
NOI
$462.4K $6.95/SF
Area
Ellis County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,248,620
Cap Rate 7%
$6,606,157
Cap Rate 9%
$5,138,122
Alternative Uses
Best Use
Warehouse
$6.61M
$5.78M – $7.71M
NOI $462,431 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$4.92M
$4.31M – $5.75M
NOI $344,723 @ 7.0% cap · market cap 6.57%
Theoretical Best
Multifamily LT 5
$725.62M
$634.92M – $846.56M
NOI $50,793,721 @ 7.0% cap · market cap 967.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75119, TX
28,973
Population
11,738
Households
2.5
Avg Household Size
35
Median Age
20%
College-Educated
80%
High-School Grad
264.2 sq mi
ZIP Area
110
Density / Sq Mi
$76,983
Median Household Income
$41,861
Median Earnings
$1,230
Median Rent
$238,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Ideal Self Storage - Ennis — 2312 N Preston St, Ennis, TX 75119
- Preston Self Storage — 2408 N Preston St, Ennis, TX 75119
- Go Store It Self Storage — 2501 N Kaufman St, Ennis, TX 75119
- The Storage Center — 3000 NE Main St, Ennis, TX 75119
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and industrial property available for sale in Ennis, Texas.
Where is this warehouse located?
The property is located at 2407 & 2411 N Preston Street Ennis, TX.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: No property information provided.
