Mixed-Use Property with
New
For Sale
$899,000
9963 Us-377, Collinsville, TX 76233
CommercialSale, Collinsville, TX
Property Size1,800 SF
Lot Size2.19 Acres
Price / SF$499.44
Days on Market4
Property Features for 9963 Us-377
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot, Carport
Subdivision
Charles Quillen
Directions
Located just south of Collinsville on Highway 377 On West side of highway.
Standard status
Active
APN
128323
Lot size
2.19 Acres
Taxes and HOA fees
Tax Description
G-0989 QUILLEN CHARLES A-G0989, ACRES 2.188
Legal Description
G-0989 QUILLEN CHARLES A-G0989, ACRES 2.188
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2016
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Ritchey Real Estate Group
Listed By:
Karen Westfall
(903) 819-6739
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 23 at 2:06AM
MLS# 21416078
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 mixed-use property in Collinsville pairs an 1,800-square-foot office building with a separate 1,800-square-foot shop. The office has seven offices, a reception area, kitchen and bathroom, with central heating and air conditioning. The industrial workspace is supplemented by covered parking on both the north and south sides of the shop.
The 2.188-acre site is mostly rocked and fronts US-377 at the south end of Collinsville. Public water and sewer serve the property. Built in 2016, the buildings have metal siding and metal roofs.
The 2.188-acre site is mostly rocked and fronts US-377 at the south end of Collinsville. Public water and sewer serve the property. Built in 2016, the buildings have metal siding and metal roofs.
Key Highlights
- Two buildings: an 1,800‑square‑foot office and an 1,800‑square‑foot shop
- Office layout includes seven offices, reception area, kitchen and bathroom
- 2.188‑acre parcel with a mostly rocked yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,109
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,180
$602.2K
Cap Rate 7%
$430,129
$430.1K
Cap Rate 9%
$334,544
$334.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$55.3K $30.72/SF
− Vacancy
−$15.2K −$8.42/SF
EGI
$40.1K $22.30/SF
− OpEx
−$10.0K −$5.58/SF
NOI
$30.1K $16.73/SF
Area
Grayson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,180
Cap Rate 7%
$430,129
Cap Rate 9%
$334,544
Alternative Uses
Best Use
Office B
$430.1K
$376.4K – $501.8K
NOI $30,109 @ 7.0% cap · market cap 3.35%
Second Best
Mixed Use
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 1.98%
Theoretical Best
Hotel Hospitality
$923.4K
$808.0K – $1.08M
NOI $64,638 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 76233, TX
3,719
Population
1,433
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
60.3 sq mi
ZIP Area
62
Density / Sq Mi
$65,701
Median Household Income
$45,186
Median Earnings
$1,070
Median Rent
$228,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate office and workshop buildings are complemented by a largely surfaced yard and covered vehicle parking.
Where is this mixed-use property located?
The property is located at 9963 Us-377 Collinsville, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two buildings: an 1,800‑square‑foot office and an 1,800‑square‑foot shop; Office layout includes seven offices, reception area, kitchen and bathroom; 2.188‑acre parcel with a mostly rocked yard
