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15602 State Highway 160 15602 State Highway 160 10,600 SF 100% Leased Industrial Building Blue Ridge, TX 75424 $2,320,000 ($218.87/SF) 5.20% Cap Rate
Investment Highlights
- Completely fenced and Gated
- Additional space for a new building or parking. Currently leased for parking and storage.
- All buildings are leased 2-3 years. 5 Tenants in place
Executive Summary
Great investment opportunity! Instant rental income of 11,100 monthly. Fenced and gated. 4 acres with road frontage on Highway 160. There are 3 separate shops built in 2019, 2021 and 2024. All shops have offices, bathrooms and warehouse space. Shop 1 is 2400 sqft with 1 tenant, Shop 2 is 3200 sqft with 1 tenant and Shop 3 is 5000 sqft. Shared space with 2 tenants. There is room for an additional shop or more parking with highway road frontage. Outside city limits. Close to shopping and restaurants. 10 minutes from Melissa and Anna area. 30 minutes from Mckinney. One hour from the DFW International Airport. New Survey available.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$133,200
|
$41.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$133,200
|
$41.63
|
| Taxes |
$12,000
|
$3.75
|
| Operating Expenses |
$1,000
|
$0.31
|
| Total Expenses |
$13,000
|
$4.06
|
| Net Operating Income |
$120,200
|
$37.56
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $133,200 |
| Annual Per SF | $41.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $133,200 |
| Annual Per SF | $41.63 |
| Taxes | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $3.75 |
| Operating Expenses | |
|---|---|
| Annual | $1,000 |
| Annual Per SF | $0.31 |
| Total Expenses | |
|---|---|
| Annual | $13,000 |
| Annual Per SF | $4.06 |
| Net Operating Income | |
|---|---|
| Annual | $120,200 |
| Annual Per SF | $37.56 |
Property Facts
Amenities
- Controlled Access
- Fenced Lot
- Security System
- Storage Space
- Perimeter Security Fence
Utilities
- Lighting - Halogen
- Gas - Propane
- Water - County
- Sewer - Septic Field
- Heating - Electric
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | R-6887-000-0100-1 | Total Assessment | $848,399 |
| Land Assessment | $482,181 | Annual Taxes | $12,000 ($1.13/SF) |
| Improvements Assessment | $366,218 | Tax Year | 2025 |
Property Taxes
Parcel Number
R-6887-000-0100-1
Land Assessment
$482,181
Improvements Assessment
$366,218
Total Assessment
$848,399
Annual Taxes
$12,000 ($1.13/SF)
Tax Year
2025
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15602 State Highway 160 | 15602 State Highway 160
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