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    2000 Northwest Pkwy Sanctuary, TX 76020

    Sponsored
    For Lease
    $2,500 /Mo ($0.45 SF/Yr)

    Industrial - Sanctuary, TX

    Type:Industrial
    Property size:
    1,537 SF
    Lot size:
    1.52 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 25 at 7:06 pm

    Property Features for 2000 Northwest Pkwy

    General Information

    Property type
    Other
    Property subtype
    Industrial
    Standard status
    Active
    APN
    R000124236
    Parking features
    Open, Parking Lot
    Size
    1,537 SF
    Lot size
    1.52 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2005
    Flooring type
    Concrete
    Building materials
    Concrete, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Delange

    eXp Realty, LLC (888) 519-7431

    Listing agent Robert Delange (888) 519-7431 License #0695219

    Listing date Feb 23, 2026

    MLS# 21187195 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

    Automotive Shop Space For Lease

    Automotive shop space is available for lease in the rapidly growing Azle market. This functional industrial facility offers excellent accessibility, strong visibility, and a flexible layout suitable for automotive repair. The available unit has approximately 1,537 rentable square footage and features two large two-post car lifts and two generous 11' x 11' overhead bay doors in front, in addition to two overhead bay doors in the back of the unit. Ample on-site parking and yard space provide room for customer access, equipment, trailers, or fleet vehicles. Conveniently located northwest of Fort Worth, the property offers easy access to the greater DFW area while maintaining the advantages of a suburban setting. Situated on a 1.517-acre lot, this space is ideal for an owner-operator or expanding business seeking well-located, functional automotive repair space. Please note that the entire building of which this unit is part is also separately available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    Motley Automotive, Crystal Auto Glass, Alan Thompson Automotive, Walls Garage and Performance Tuning, Z's Rotor Works

    Location Insight

    • Map
    • Local Demand
    City
    Sanctuary
    County
    Tarrant
    State
    Texas
    Longitude
    -97.583753
    Latitude
    32.912554

    Nearby Similar for Lease

    • New
      $5,000 /Mo
      7,697 SF

      Functional Warehouse and Automotive Shop

      Versatile industrial space in Sanctuary, TX, suitable for various businesses.
      2000 Northwest Pkwy, Sanctuary, TX 76020
      View Details
    • New
      $1,500 /Mo
      66,081 SF

      Sanctuary, TX Warehouse For Lease

      Functional industrial space in a growing market, suitable for various businesses.
      2000 Northwest Pkwy, Sanctuary, TX 76020
      View Details
    • New
      $1,500 /Mo
      66,081 SF

      Sanctuary, TX Warehouse Space

      Versatile warehouse space in a rapidly growing market.
      2000 Northwest Pkwy, Sanctuary, TX 76020
      View Details

    FAQs

    What type of property is this?
    Auto shop - Functional automotive shop space available for lease in Azle market.
    Where is this auto shop located?
    The property is located at 2000 Northwest Pkwy Sanctuary, TX.
    What is the lease rate?
    The lease rate is $0.45 SF/Yr.
    What are key features of this property?
    This property features: - Functional automotive shop space in rapidly growing Azle market.; - Includes **two large two-post car lifts** and **four 11' x 11' overhead bay doors**.; - Approximately 1,537 RSF with a flexible layout suitable for automotive repair.
    (888) 519-7431
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    2000 Northwest Pkwy Sanctuary, TX 76020
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    Sanctuary, TX 76020
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    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
    2000 Northwest Pkwy Sanctuary, TX 76020
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    We can help!
    Listing Contact
    Robert Delange
    Real Estate License ID: 0695219
    (888) 519-7431
    Learn more
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