Flex Space with
94 N State Highway 205 Terrell, TX 75160
94 N State Highway 205, Terrell, TX, 75160
$1,100,000
For Sale
$1,100,000
COMMERCIAL - Terrell, TX
Property Size3,840 SF
Lot Size0.45 Acres
Price / SF$286.46
Days on Market73
Property Features for 94 N State Highway 205
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Open, Driveway, Parking Lot
- Standard status
- Active
- APN
- 50331
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Description
- RANDALL NOE ADDITION BLOCK 1 LOT 2
- Tax Annual Amount
- 11154
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Brick, Block
- Roof type
- Metal
Listing Agency
RE/MAX Landmark
(972) 524-2525
Terrell, TX
Listed by
Frank Roberts · License #0524424
(972) 524-2525
Added: May 7 Checked: Jul 18 at 4:06 am
MLS# 20887422
Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 space includes an open, adaptable interior layout that can be finished to suit a new owner’s needs. The property is offered as a ready canvas for a customized retail, office, or related commercial build-out, supported by practical distribution and access features. A commercial drive-thru lane is in place, along with a grade level overhead door at the rear for shipping and receiving.
The building is located on high-traffic State Highway 205 in Terrell, TX. It benefits from strong visibility and convenient accessibility, positioned across from Walmart and Tractor Supply. Additional nearby retailers and quick-service options include McDonald’s, Arby’s, and CVS, supporting a shopping and services-oriented trade area.
Zoned Highway Corridor, the property is well suited for users seeking prominent frontage and flexible programming. The combination of an open layout, drive-thru capability, and rear delivery access can support a variety of retail and office concepts, particularly those that value customer visibility and straightforward logistics.
The building is located on high-traffic State Highway 205 in Terrell, TX. It benefits from strong visibility and convenient accessibility, positioned across from Walmart and Tractor Supply. Additional nearby retailers and quick-service options include McDonald’s, Arby’s, and CVS, supporting a shopping and services-oriented trade area.
Zoned Highway Corridor, the property is well suited for users seeking prominent frontage and flexible programming. The combination of an open layout, drive-thru capability, and rear delivery access can support a variety of retail and office concepts, particularly those that value customer visibility and straightforward logistics.
Key Highlights
- 3,840 SF commercial building with open, flexible layout for custom finish‑out
- Located on high‑traffic State Highway 205 in Terrell, TX, across from Walmart and Tractor Supply
- Drive‑thru lane plus rear grade‑level overhead door for shipping and receiving
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.0k | $30.72 |
| − Vacancy | −$29.8k | −$7.77 |
| EGI | $88.1k | $22.95 |
| − OpEx | −$22.0k | −$5.74 |
| NOI | $66.1k | $17.21 |
3,840 SF · lease $30.72/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$944.1K
$826.1K – $1.10M
NOI $66,090 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$915.3K
$800.9K – $1.07M
NOI $64,073 @ 7.0% cap · market cap 5.82%
Theoretical Best
Multifamily LT 5
$48.33M
$42.29M – $56.38M
NOI $3,382,969 @ 7.0% cap · market cap 307.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flexible commercial building with drive-thru lane and rear overhead door, positioned for high-visibility retail or office use.
Where is this flex space located?
The property is located at 94 N State Highway 205 Terrell, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,840 SF commercial building with open, flexible layout for custom finish‑out; Located on high‑traffic State Highway 205 in Terrell, TX, across from Walmart and Tractor Supply; Drive‑thru lane plus rear grade‑level overhead door for shipping and receiving
