Highway 377 Commercial
For Sale
Contact for pricing
23350 US-377 Lot- A, Whitesboro, TX 76273
3-acre commercial property off Highway 377 in Whitesboro, Texas.
Property Size3,000 SF
Lot Size3.00 Acres
Price / SF$216.67
Days on Market1248
Property Features for 23350 US-377 Lot- A
General Information
Standard status
Active
Size
3,000 SF
Lot size
3.00 Acres
Property subtype
Land, Mixed Use
Building Details
Year Built
2001
Listing Agency:
Texas Homes and Land
Listed By:
Coryann Johnson · License #Tx 0450333
(903) 870-6956
Source:
Crexi
Added: May 25, 2023
Changed: Oct 21
Last Checked: Oct 20 at 6:19PM
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 Texas Homes and Land
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 3-acre commercial property is located off Highway 377 in Whitesboro, Texas, and features a heavy gravel surface suitable for truck traffic. The property includes two buildings. The first building is 5,000 sq. ft. and contains a small office space and a bathroom. It is equipped with roll-up and slider doors on three sides, making it suitable for fabrication use. The second building is 3,000 sq. ft. and includes three roll-up bays and a 36 ft. x 16 ft. office with central heat and air conditioning. Potential business uses include a manufacturing facility, distribution center, or warehouse.
Key Highlights
- Prime 3‑acre commercial property located directly off Highway 377.
- Includes a 5,000 sq. ft. building suitable for fabrication with roll‑up and slider doors on three sides, plus a small office and bathroom.
- Features a second 3,000 sq. ft. building with three roll‑up bays and a 36 ft. x 16 ft. office with central heat and air.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,700
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,000
$594.0K
Cap Rate 7%
$424,286
$424.3K
Cap Rate 9%
$330,000
$330.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$6.5K −$2.16/SF
EGI
$47.5K $15.84/SF
− OpEx
−$17.8K −$5.94/SF
NOI
$29.7K $9.90/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,000
Cap Rate 7%
$424,286
Cap Rate 9%
$330,000
Alternative Uses
Best Use
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.54M
$1.35M – $1.80M
NOI $107,730 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 76273, TX
9,857
Population
4,182
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
206.9 sq mi
ZIP Area
48
Density / Sq Mi
$80,244
Median Household Income
$41,441
Median Earnings
$1,171
Median Rent
$234,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - 3-acre commercial property off Highway 377 in Whitesboro, Texas.
Where is this mixed-use property located?
The property is located at 23350 US-377 Lot- A Whitesboro, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime 3‑acre commercial property located directly off Highway 377.; Includes a **5,000 sq. ft. building suitable for fabrication** with roll‑up and slider doors on three sides, plus a small office and bathroom.; Features a second 3,000 sq. ft. building with three roll‑up bays and a 36 ft. x 16 ft. office with central heat and air.
