Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11871 Cleveland Gibbs Rd Roanoke, TX 76262

    View on Map
    Sponsored
    For Lease
    $6,950 /Mo ($4 SF/Yr)

    Warehouse - Roanoke, TX

    Type:Warehouse
    Property size:
    4,900 SF
    Lot size:
    0.44 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 28 at 5:06 am

    Property Features for 11871 Cleveland Gibbs Rd

    General Information

    Property type
    Other
    Property subtype
    Warehouse
    Standard status
    Active
    APN
    R68979
    Parking features
    Carport, Covered, Gated, Other, Oversized, Parking Lot
    Size
    4,900 SF
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Year built
    2002
    Flooring type
    Other
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Rita Gozlan-Derjavetz

    Wisdom REALTORS

    Listing agent Rita Gozlan-Derjavetz License #0579999

    Listing date Mar 26, 2026

    MLS# 21220524 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Roanoke Industrial-Flex Opportunity

    This industrial-flex opportunity is located in Roanoke's Aero Valley Airport industrial corridor. Situated outside city limits, the property benefits from no zoning restrictions, offering operational flexibility. The 0.441-acre site features a fenced yard and multiple structures, including approximately 1,900 square feet of office space with a kitchen break area. The property has easy access to I-35 and US-377. The 4,900 square feet represents the approximate combined total of all buildings on the property, including warehouses and office space, not including the 1,200 square feet of covered parking area. The property is available immediately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Pharmacy Auto Parts Store Storage Facility Auto Repair Shop Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Denton
    State
    Texas
    Longitude
    -97.236146
    Latitude
    33.051853

    Nearby Similar for Lease

    • $5,000 /Mo
      19,646 SF

      Roanoke Office Building For Rent

      3,700 SF office building near Old Town Roanoke.
      208 Highway 377 N, Roanoke, TX 76262
      View Details
    • $1,850 /Mo
      32,060 SF

      Versatile Commercial Space in Roanoke

      1200 SF commercial space in the heart of Roanoke, TX.
      905 N Oak St, Roanoke, TX 76262
      View Details
    • $2,000 /Mo
      6,447 SF

      Roanoke Office/Retail Space Available

      Office or retail spaces for lease in Roanoke, Texas.
      504 N Oak St, Roanoke, TX 76262
      View Details
    • $2,100 /Mo
      5,310 SF

      Charming Roanoke Property on Oak

      Charming property on Oak Street in Roanoke, suitable for various businesses.
      505 N Oak St, Roanoke, TX 76262
      View Details
    • $1,849 /Mo
      53,143 SF

      Roanoke Industrial Flex Space

      Meticulously maintained industrial building in Roanoke Airport area.
      11975 Cleveland Gibbs Rd, Roanoke, TX 76262
      View Details
    • $5,500 /Mo
      7,080 SF

      Roanoke Industrial/Live-Work Space For Lease

      Versatile industrial/live-work space with modern finishes and convenient location.
      11544 Cockelburr Rd, Roanoke, TX 76262
      View Details
    • $4,400 /Mo
      102,802 SF

      Former Medical Office Space Available

      Roanoke office space, previously Baylor Scott and White medical office.
      610 E Byron Nelson Blvd, Roanoke, TX 76262
      View Details
    • Contact for pricing

      Office Space Near Downtown

      6,000 SF vacant office space, prime location.
      200-204 E State Highway 114, Roanoke, TX 76262
      View Details
    • Contact for pricing

      Updated Office Space in Roanoke

      Newly updated office space near downtown Roanoke, TX.
      216 James St, Roanoke, TX 76262
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Drive Thru

      Retail spaces available in new development with highway visibility.
      1355 Us-377, Roanoke, TX
      View Details
    • Contact for pricing
      60,408 SF

      Roanoke Warehouse Space Available

      60408 square foot warehouse space for lease in Roanoke.
      4251 Dale Earnhardt Way, Roanoke, TX
      View Details
    • Contact for pricing
      2,022 SF

      Retail Space with Highway Access

      Retail space with excellent visibility and easy highway access.
      1711 Hwy 99 S, Roanoke, TX
      View Details

    FAQs

    What type of property is this?
    Flex space - Industrial-flex space with fenced yard in Roanoke's Aero Valley.
    Where is this flex space located?
    The property is located at 11871 Cleveland Gibbs Rd Roanoke, TX.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - No zoning restrictions offer operational flexibility.; - Located in Roanoke's Aero Valley Airport industrial corridor with easy access to I-35 and US-377.; - Approximately 1,900 SF of office space with a kitchen break area.
    (903) 600-0616
    Request Owner's contact information
    11871 Cleveland Gibbs Rd Roanoke, TX 76262
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11871 Cleveland Gibbs Rd
    Roanoke, TX 76262
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11871 Cleveland Gibbs Rd Roanoke, TX 76262
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rita Gozlan-Derjavetz
    Real Estate License ID: 0579999
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!