Highway 377 Commercial
23350 US-377 Lot- A Whitesboro, TX 76273
For Sale
Contact for pricing
3-acre commercial property off Highway 377 in Whitesboro, Texas.
Property Size3,000 SF
Lot Size3.00 Acres
Price / SF$216.67
Days on Market1157
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
(214) 908-5468
Listed By:
Coryann Johnson · License #Tx 0450333
Source:
Crexi
Added: May 25, 2023
Changed: Jul 10
Last Checked: Jul 23 at 4:39PM
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
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 For Mixed Use
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 | $54.0k | $18.00 |
| − Vacancy | −$6.5k | −$2.16 |
| EGI | $47.5k | $15.84 |
| − OpEx | −$17.8k | −$5.94 |
| NOI | $29.7k | $9.90 |
3,000 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 4.57%
Second Best
Warehouse
$271.1K
$237.2K – $316.3K
NOI $18,977 @ 7.0% cap · market cap 2.92%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
FAQs
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.
