Flex Space with
For Sale
$1,100,000
94 N State Highway 205, Terrell, TX 75160
CommercialSale, Terrell, TX
Property Size3,840 SF
Lot Size0.45 Acres
Price / SF$286.46
Days on Market164
Property Features for 94 N State Highway 205
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Highway Corridor
Parking features
Open, Driveway, Parking Lot
Subdivision
Randall Noe Add
Lot features
Level
Directions
From Dallas take US Hwy 80 to Terrell, turn left at SH 205 to property on R, SOP.
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
Legal Description
RANDALL NOE ADDITION BLOCK 1 LOT 2
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
Listed By:
Frank Roberts · License #0524424
(972) 396-9100
Added: May 7
Changed: Oct 16
Last Checked: Oct 17 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 3,840-square-foot flex property occupies a 0.447-acre site and was constructed in 1999. The building provides an open interior suitable for owner-directed finish-out, with concrete flooring, brick and block construction, a metal roof, and central electric heating and cooling. A commercial drive-through lane and rear grade-level overhead door support customer access and shipping functions.
The property fronts State Highway 205 in Terrell and sits across from Walmart and Tractor Supply, with McDonald's, Arby's, and CVS nearby. On-site features include an open parking area and driveway, while public water and public sewer serve the property. Highway Corridor zoning supports retail and office uses as stated in the property information.
The property fronts State Highway 205 in Terrell and sits across from Walmart and Tractor Supply, with McDonald's, Arby's, and CVS nearby. On-site features include an open parking area and driveway, while public water and public sewer serve the property. Highway Corridor zoning supports retail and office uses as stated in the property information.
Key Highlights
- 3,840 SF flex building on a 0.447‑acre site
- Commercial drive‑through lane for customer access
- Rear grade‑level overhead door for shipping and receiving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,073
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,460
$1.3M
Cap Rate 7%
$915,329
$915.3K
Cap Rate 9%
$711,922
$711.9K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$95.8K $24.96/SF
− Vacancy
−$4.3K −$1.12/SF
EGI
$91.5K $23.84/SF
− OpEx
−$27.5K −$7.15/SF
NOI
$64.1K $16.69/SF
Area
Kaufman County, TX
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,460
Cap Rate 7%
$915,329
Cap Rate 9%
$711,922
Alternative Uses
Best Use
Retail
$915.3K
$800.9K – $1.07M
NOI $64,073 @ 7.0% cap · market cap 5.82%
Second Best
Industrial
$353.0K
$308.9K – $411.9K
NOI $24,711 @ 7.0% cap · market cap 2.25%
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 authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75160, TX
26,632
Population
8,895
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
82%
High-School Grad
118.2 sq mi
ZIP Area
225
Density / Sq Mi
$70,862
Median Household Income
$38,493
Median Earnings
$1,177
Median Rent
$221,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Highway Corridor-zoned building with an adaptable interior and rear loading access.
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 flex building on a 0.447‑acre site; Commercial drive‑through lane for customer access; Rear grade‑level overhead door for shipping and receiving
