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Property profile & analytics
FOR SALE
Industrial properties

2407 N Preston St Ennis, TX 75119

62,500 SF 2.13 ac lot Built 1962
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US82-2924233
Property summary
AI-generated overview

This Ennis, Texas industrial property, located at 2407 & 2411 N Preston Street, offers 66,500 square feet of warehouse and distribution space for sale. The property consists of two buildings: a large 62,500 square foot building and a smaller 4,000 square foot building, built in 1961, 1980, and 1994 respectively. Situated on a 3.21-acre lot (139,827 square feet), this Class C property features 6 dock-high doors and 1 grade-level door, providing ample loading and unloading capabilities. Ceiling heights range from 14 to 20 feet, offering versatile storage options. The property includes 30+ parking spaces and benefits from 3-phase, 240v, 200-amp power. Conveniently located with easy access to I-45 and 287, this property is zoned for industrial use and is offered at $5,250,000 ($78.95/sq ft). The sale is a Net Net lease (NN) with the property currently vacant. This presents a significant opportunity for light industrial manufacturing or warehousing operations.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1962
Total area 62,500 SF
Lot 2.13 ac (92,783 SF)
APN 25.0383.000.055.00.103
UPID US82-2924233
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • H & P Expo LLC Business Service Center Conference Center
  • Party Club of America Party Supply Store (Bike/Boat/Book/etc) Store
  • Creep It Cheap Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
by Request
Comparable Approach Comparable
$346k
Blend (final) Blend
$560k
Owner & transaction history
Rufeland LLC · 3 yrs held
Rufeland LLC
since 2023
5 recorded transactions
2023
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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