10,000 sq ft Flex Warehouse Budget

[Ken Baker]

Hi BP community! I’m looking to build my first flex warehouse and wondering if my $1,000,000 budget is realistic. Im looking at a lot that is .97 acres, already graded and has water and sewer taps at the front of the property for $160,000. There are other similar buildings already built on this street.

My aim is to have 6,000 sq ft for my own business and then to rent out two 2,000 sq ft flex spaces for a total of 10,000 sq ft.

We’ll definitely do a PEMB, but I’m trying to understand what other costs, like site work options, is necessary. For example, one GC has provided us with an estimate for the project, but it includes items like $22,000 for a trash enclosure, which is non-essential to me.

The current rate for rebar enforced concrete slab is $13/sq ft per this GC.

Building costs seem to be going up so fast that older posts on this topic seem already outdated and inaccurate. I appreciate anyone who has the time to provide any insight into this, and I’m happy to provide more details if I’ve left out anything pertinent.

Thank you so much!