Current Use by Public Records
- Warehouses
Property Details for 727/731 Stallings Dr
- Year built
- 1979
- Lot size
- 2.96 lot acres
- Property type
- Warehouses
- Property subtype
- Office Spaces
Description
This stabilized Nacogdoches, Texas industrial property offers a compelling investment opportunity. The 15,450 square foot complex, comprising two buildings on a 2.96-acre lot, is currently under a modified, single-tenant lease with Stallion Metal Steel Buildings, expiring October 31, 2027, with a five-year renewal option. The property boasts 1,250 square feet of office space and 14,200 square feet of warehouse space, featuring an 18-foot clear height ceiling. Loading facilities include two 10' x 12' dock-high bays and one loading dock with a 12' x 15' bay. Recent improvements (late 2022) include office upgrades (HVAC, lighting, restrooms), warehouse electrical upgrades, and exterior enhancements (parking lot, fencing). The property also includes approximately 1.7 acres of undeveloped land, offering potential for expansion. The asking price is $695,000, representing a 5.18% cap rate and a net operating income (NOI) of $36,000. The property's location provides approximately 190 feet of frontage on Loop 224, benefiting from an estimated 17,000 vehicles per day traffic count. The property is fully fenced and secured. APN: 25402, 25426.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nacogdoches
- County
- Nacogdoches
- State
- Texas
- Longitude
- -94.6641
- Latitude
- 31.5758
