Flex Warehouse with Grade-Level
For Sale
$1,975,000
535 W Kennedale Parkway, Kennedale, TX 76060
CommercialSale, Kennedale, TX
Property Size13,200 SF
Lot Size1.38 Acres
Price / SF$149.62
Days on Market205
Property Features for 535 W Kennedale Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Commercial Zoning
Subdivision
Woodlea Acres Add
Directions
Use GPS
Standard status
Active
APN
04479815
Size
13,200 SF
Lot size
1.38 Acres
Taxes and HOA fees
Tax Description
WOODLEA ACRES ADDITION BLOCK 2 LOT 10B NW PT
Tax Annual Amount
5688
Legal Description
WOODLEA ACRES ADDITION BLOCK 2 LOT 10B NW PT
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1955
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
Brick
Roof type
Metal
Listing Agency:
Keller Williams Fort Worth · Keller Williams Realty
(817) 920-7700
Listed By:
DeLario Bolton · License #0645317
(817) 920-7700
Added: Feb 7
Changed: Aug 19
Last Checked: Aug 31 at 7:06AM
MLS# 21167473
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.
Investment Insights
Based on property information with market context.
This flex property includes two buildings totaling 13,200 square feet on 1.377 acres. The newer 4,800-square-foot building, completed in 2025, provides a streamlined office-warehouse layout with limited office improvements and four grade-level garage doors measuring approximately 12 by 14 feet. Central heating and central air serve the building, with concrete and tile flooring and a metal roof.
A separate 8,400-square-foot warehouse, built in 1955, adds substantial storage and operational capacity. The older structure is offered in its existing condition and can support storage, equipment, or overflow functions. The property is located at 535 W Kennedale Parkway in Kennedale, Texas, with public water and public sewer service.
A separate 8,400-square-foot warehouse, built in 1955, adds substantial storage and operational capacity. The older structure is offered in its existing condition and can support storage, equipment, or overflow functions. The property is located at 535 W Kennedale Parkway in Kennedale, Texas, with public water and public sewer service.
Key Highlights
- Two‑building flex and warehouse property totaling 13,200 SF
- 1.377‑acre site at 535 W Kennedale Parkway, Kennedale, TX 76060
- 4,800 SF flex office warehouse completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,899,360
$2.9M
Cap Rate 7%
$2,070,971
$2.1M
Cap Rate 9%
$1,610,756
$1.6M
Market Conditions
NOI Build-Up for 13,200 SF
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.
Gross rent
$253.4K $19.20/SF
− Vacancy
−$30.4K −$2.30/SF
EGI
$223.0K $16.90/SF
− OpEx
−$78.1K −$5.91/SF
NOI
$145.0K $10.98/SF
Area
Tarrant County, TX
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,899,360
Cap Rate 7%
$2,070,971
Cap Rate 9%
$1,610,756
Alternative Uses
Best Use
Flex RnD
$2.07M
$1.81M – $2.42M
NOI $144,968 @ 7.0% cap · market cap 7.34%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,791 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,037 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-building configuration combines modern flex workspace with additional warehouse capacity for storage, equipment, and operational expansion.
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: Two‑building flex and warehouse property totaling 13,200 SF; 1.377‑acre site at 535 W Kennedale Parkway, Kennedale, TX 76060; 4,800 SF flex office warehouse completed in 2025
