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    Two-Building Flex Warehouse Property Title is generated by Realmo AI

    535 W Kennedale Parkway, Kennedale, TX 76060

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    For Sale
    $1,975,000

    Industrial - Kennedale, TX

    Type:Industrial
    Property size:
    13,200 SF
    Lot size:
    1.38 Acres
    Price / SF:
    $149/SF
    Added:
    Feb 6, 2026
    Days on Market:
    105
    Last Refresh:
    May 22 at 12:06 pm

    Property Features for 535 W Kennedale Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Property condition
    New Construction
    Standard status
    Active
    APN
    04479815
    Size
    13,200 SF
    Lot size
    1.38 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1955
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    DeLario Bolton

    Listing agent DeLario Bolton License #0645317

    Listing office Keller Williams Fort Worth 4055 International Plaza #220, Fort Worth, TX

    Listing date Feb 6, 2026

    MLS# 21167473 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.

    HighLights

    • New 4,800 SF flex office warehouse built in 2025, featuring a modern layout.
    • Four (4) grade‑level garage doors (12 x 14) offer excellent loading capability.
    • Additional 8,400 SF usable warehouse space for storage or future repositioning.
    • Strategic location along the Kennedale Parkway industrial corridor.
    • Combines new construction with functional legacy warehouse space.
    • Suitable for owner‑users and investors seeking flexibility and frontage.

    Overview

    This property features two buildings totaling 13,200 square feet, situated along the Kennedale Parkway industrial corridor. The primary building, constructed in 2025, is a 4,800 square foot flex office warehouse with a modern layout and minimal office build-out. It includes four grade-level garage doors, each measuring approximately 12 x 14, suitable for loading trucks, equipment, and fleet vehicles. This makes it ideal for contractors, service businesses, and light industrial users. The secondary building, built in 1955, provides approximately 8,400 square feet of usable warehouse and storage space. While older, it offers substantial additional square footage for storage, overflow operations, equipment, or future value-add repositioning. Together, the buildings offer operational functionality, scalability, and long-term upside, creating an opportunity for owner-users and investors seeking flexibility and frontage in a high-demand corridor. The property is located in Kennedale, Tarrant County, Texas, and sits on a 1.377-acre lot.

    Financial Insights

    Value Estimation Calculated for Flex RnD

    Conservative
    $1.61M
    NOI $144,968 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.07M
    NOI $144,968 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.90M
    NOI $144,968 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Flex RnD

    Component $ $/SF
    Gross rent $253.4k $19.20
    − Vacancy −$30.4k −$2.30
    EGI $223.0k $16.90
    − OpEx −$78.1k −$5.91
    NOI $145.0k $10.98
    13,200 SF · lease $19.20/SF/yr · vacancy 12.00% · expense 35.00%

    Alternative Use Scenarios

    Best Use
    Flex RnD
    $2.07M
    $1.81M – $2.42M (±1% cap)
    NOI $144,968 @ 7.0% cap · market cap 7.34%
    Second Best
    Warehouse
    $1.31M
    $1.15M – $1.53M (±1% cap)
    NOI $91,791 @ 7.0% cap · market cap 4.65%
    Theoretical Best
    Office A
    $4.64M
    $4.06M – $5.42M (±1% cap)
    NOI $325,037 @ 7.0% cap · market cap 16.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diesel Engines of Texas Auto Parts Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Ruby Lee's Kitchen — 5317 Mansfield Hwy, Fort Worth, TX 76119
    • Professional Cater's of Amer — 6309 Anglin Dr, Forest Hill, TX 76119

    Location Insight

    • Map
    • Local Demand
    City
    Kennedale
    County
    Tarrant
    State
    Texas
    Longitude
    -97.230106
    Latitude
    32.653472

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    FAQs

    What type of property is this?
    Flex space - Two-building flex warehouse property with frontage in a high-demand corridor.
    Where is this flex space located?
    The property is located at 535 W Kennedale Parkway Kennedale, TX.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: New 4,800 SF flex office warehouse built in 2025, featuring a modern layout.; Four (4) grade‑level garage doors (12 x 14) offer excellent loading capability.; Additional 8,400 SF usable warehouse space for storage or future repositioning.
    (817) 441-4000
    We can help!
    Listing Contact
    DeLario Bolton
    Real Estate License ID: 0645317
    Learn More
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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
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