Turnkey Climate-Controlled Flex
For Sale
$600,000
9734 Wildflower Way, Justin, TX 76247
COMMERCIAL - Dish, TX
Property Size3,000 SF
Lot Size1.24 Acres
Price / SF$200
Days on Market63
Property Features for 9734 Wildflower Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PD
Subdivision
Green Prairie Estates Ph Two
Directions
FM 156 North of Justin to Eakin Cemetery Rd turn left, turn right on Tim Donald - Turn right on Wildflower Way building is the second one on the left
Standard status
Active
APN
R982375
Lot size
1.24 Acres
Taxes and HOA fees
Tax Description
GREEN PRAIRIE ESTATES PH TWO BLK A LOT 5B
Tax Annual Amount
8889
Legal Description
GREEN PRAIRIE ESTATES PH TWO BLK A LOT 5B
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
furnished
office setup
kitchen appliances
Building Details
Year built
2021
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
United Real Estate DFW
(817) 360-8499
Listed By:
Christie Christian · License #0627699
(817) 360-8499
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 30 at 11:06PM
MLS# 21147768
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.
Turnkey, climate-controlled flex space set on a private 1.24-acre lot, featuring a 3,000 SF fully enclosed metal-sided building with concrete flooring. Built in 2021, the space is furnished with an office setup and includes kitchen appliances for immediate owner-user occupancy. Central air and electric heating support year-round comfort, and foam encapsulation is included to help maintain energy efficiency and stable interior conditions.
The property is suited for professional offices, showroom warehouse use, or light assembly, with the building fully enclosed for operational flexibility. It also offers private access and ample parking to support daily operations.
Served by public water and a septic tank, the building is topped with a metal roof and is configured for a combined workspace and storage layout.
The property is suited for professional offices, showroom warehouse use, or light assembly, with the building fully enclosed for operational flexibility. It also offers private access and ample parking to support daily operations.
Served by public water and a septic tank, the building is topped with a metal roof and is configured for a combined workspace and storage layout.
Key Highlights
- 3,000 SF fully enclosed flex space on a private 1.24‑acre lot
- Built in 2021 with metal siding and a metal roof
- Furnished office setup plus kitchen appliances for immediate owner‑user occupancy
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
$41,715
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
6.95%
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%
$834,300
$834.3K
Cap Rate 7%
$595,929
$595.9K
Cap Rate 9%
$463,500
$463.5K
Market Conditions
NOI Build-Up for 3,000 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
$74.2K $24.72/SF
− Vacancy
−$18.5K −$6.18/SF
EGI
$55.6K $18.54/SF
− OpEx
−$13.9K −$4.64/SF
NOI
$41.7K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
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%
$834,300
Cap Rate 7%
$595,929
Cap Rate 9%
$463,500
Alternative Uses
Best Use
Office B
$595.9K
$521.4K – $695.3K
NOI $41,715 @ 7.0% cap · market cap 6.95%
Second Best
Industrial
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 2.57%
Theoretical Best
Multifamily LT 5
$41.95M
$36.71M – $48.95M
NOI $2,936,729 @ 7.0% cap · market cap 489.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76247, TX
17,178
Population
6,610
Households
2.6
Avg Household Size
36
Median Age
34%
College-Educated
97%
High-School Grad
74.4 sq mi
ZIP Area
231
Density / Sq Mi
$123,173
Median Household Income
$61,878
Median Earnings
$2,070
Median Rent
$372,700
Median Home Value
Market
Vacancy Rate% for Office 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 - Turnkey flex space on a private lot with central HVAC and zoning for professional offices, showroom warehouse, or light assembly.
Where is this flex space located?
The property is located at 9734 Wildflower Way Justin, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,000 SF fully enclosed flex space on a private 1.24‑acre lot; Built in 2021 with metal siding and a metal roof; Furnished office setup plus kitchen appliances for immediate owner‑user occupancy
