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    17905 Us Highway 69 Lindale, TX 75771

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    71-Acre Industrial Site, 74K SF Warehouse

    Property size:
    74,452 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This expansive 71.85-acre industrial property in Lindale, Texas, presents a unique investment opportunity. Located at the northwest corner of US Hwy 69 N and Stewart Street, this site boasts exceptional visibility and access. The property includes a 74,452 square foot main warehouse building, constructed of steel and masonry with brick and metal siding, currently undergoing a new roof installation (August 2024). Additional structures include a 4,048 square foot shop/warehouse and a 640 square foot pump house. Extensive improvements from its previous use as a wholesale nursery remain, including approximately 73 greenhouses totaling 304,492 square feet, and 63 sun fields covering 9.3 acres. The property features significant concrete and asphalt paving, chain link fencing, and a 157-foot cell/radio tower. A robust irrigation system, supported by four 460-foot deep wells and a large reservoir, services the entire site. The property is comprised of eight adjacent tracts, with portions zoned MU-1 (Light Industrial) and other portions unzoned. Utilities including electricity, city water, sewer, natural gas, high-speed internet, and cable service are available. The site's topography is varied, including level and sloping areas, with a small portion within the 100-year floodplain. This vacant property offers significant potential for redevelopment and various commercial ventures, given its size, location, and existing infrastructure. The property's APN numbers are: 100000111800029010, 100000111800009030, 100000111800009011, 100000111800008020, 100000111800006050, 100000111800008000, 100000111800009010.

    Property Features for 17905 Us Highway 69

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    74,452 SF
    Lot Size
    3,129,917 SF

    Building Details

    Year Built/Renovated
    1970/1970
    Stories
    1

    We can help!

    Listing Contact
    Rockey Butler
    Rockey Butler

    Learn more

    HighLights

    • Former wholesale nursery; currently vacant. Located at 17905 US Hwy 69 N, Lindale, Smith County, TX 75771.
    • Prime corner lot at US Hwy 69 N and Stewart Street (CR 432).
    • High visibility location at the northern edge of Lindale city limits, near new commercial developments.
    • 71.85 acres total; includes 16.24‑acre support site and 55.61 acres of excess land.
    • Extensive improvements including a ~69,764 SF main building (average to below‑average condition), ~4,048 SF shop/warehouse, ~640 SF pump house, and 73 greenhouses totaling ~304,492 SF. Also includes sun fields, paved areas, fencing, and a cell tower.
    • Irrigation system with 4 deep wells, reservoir, and extensive PVC piping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lindale
    County
    Smith
    State
    Texas
    Longitude
    -95.41214303
    Latitude
    32.52785153

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 71-Acre Industrial Site, 74K SF Warehouse
    Where is this refrigerated / cold storage located?
    The property is located at 17905 Us Highway 69 Lindale, TX.
    What are key features of this property?
    This property features: Former wholesale nursery; currently vacant. Located at 17905 US Hwy 69 N, Lindale, Smith County, TX 75771.; Prime corner lot at US Hwy 69 N and Stewart Street (CR 432).; High visibility location at the northern edge of Lindale city limits, near new commercial developments.
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    17905 Us Highway 69 Lindale, TX 75771
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    Lindale, TX 75771
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17905 Us Highway 69 Lindale, TX 75771
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    We can help!
    Listing Contact
    Rockey Butler
    Rockey Butler
    Real Estate License ID: TX 0789967
    Learn more
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