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    Flex Office-Warehouse Suite Title is generated by Realmo AI

    11277 Farmington Road, Van Alstyne, TX 75495

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    For Lease
    $2,850/Mo $4 SF/Yr (calc)

    COMMERCIAL - Van Alstyne, TX

    Property size:
    8,250 SF
    Lot size:
    11.01 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    42
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 11277 Farmington Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Assigned
    Standard status
    Active
    APN
    364767
    Lot size
    11.01 Acres

    Taxes and HOA fees

    Tax Description
    G-1328 WEST MICHAEL A-G1328, ACRES 11.01

    Utilities

    Sewer type
    Aerobic Septic
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air, ENERGY STAR Qualified Equipment

    Building Details

    Year built
    2021
    Floors in Building
    1
    Number of units
    20
    Flooring type
    Concrete, Laminate
    Building materials
    AluminumSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Michael Wilson
    Michael Wilson

    Listing agent Michael Wilson License #0664901

    Listing office KMW Real Estate & Associates Anna, TX

    Listing date Apr 24, 2026

    MLS# 21038420

    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

    • 10 flex office‑warehouse suites available in Phase 2; completion estimated August; Suite 13 (upgrade floorplan) available now
    • Newer single‑story construction built 2021–2022 with metal roof and aluminum siding
    • Each suite includes a 13x13 reception office, insulated warehouse, 14‑ft bay door, and private restroom
    • Suite sizes range from 1,650 SF up to 4,950–8,250 SF, with flexible demising layouts
    • 3 parking spaces per unit; HVAC available for the warehouse and ENERGY STAR‑qualified central heating/cooling
    • Aerobic septic; rent covers taxes, water, trash, maintenance, and building insurance (no triple‑net fees); minimum 2‑year lease term

    Overview

    Suite 13 is currently available with an upgrade floorplan. This build-to-suit flex office-warehouse community is single-story and was built in 2021–2022, with modern finishes designed for today’s operational needs. Each suite includes a 13x13 reception office, an insulated warehouse, a 14-ft bay door, and a private restroom, with the option depending on your package for additional offices and a coffee bar area. The warehouse is served by HVAC, supporting year-round use. Upgraded features and efficiency details include spray insulation, LED lighting, hardwood interiors, and energy-efficient HVAC systems. For tenants planning ahead, pre-leasing is underway for Phase 2, with 10 suites available and completion estimated for August.

    Located in Van Alstyne, the park is positioned about 10 minutes north of Highway 380 and roughly 3 miles west of Highway 75, supporting convenient regional connectivity across North DFW. The offering includes three parking spaces per unit. Leasing structure is also designed to simplify budgeting, with no triple-net fees and rent covering taxes, water, trash, maintenance, and building insurance.

    This configuration is well-suited for businesses such as office users paired with warehouse operations, including e-commerce and service providers that need a functional loading-door setup and temperature-controlled workspace. A minimum 2-year lease term provides stability for operators planning for growth, with automotive repair excluded.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Department Store Storage Facility Garden Center Discount Store Bakery (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Alstyne
    County
    Grayson
    State
    Texas
    Longitude
    -96.6471673
    Latitude
    33.4258926

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    FAQs

    What type of property is this?
    Flex space - Brand-new suite offers insulated warehouse HVAC, a private restroom, and included operating expenses with no triple-net charges.
    Where is this flex space located?
    The property is located at 11277 Farmington Road Van Alstyne, TX.
    What is the lease rate?
    The lease rate is $2,850 /Mo.
    What are key features of this property?
    This property features: 10 flex office‑warehouse suites available in Phase 2; completion estimated August; Suite 13 (upgrade floorplan) available now; Newer single‑story construction built 2021–2022 with metal roof and aluminum siding; Each suite includes a 13x13 reception office, insulated warehouse, 14‑ft bay door, and private restroom
    (214) 935-3211
    We can help!
    Listing Contact
    Michael Wilson
    Michael Wilson
    Real Estate License ID: 0664901
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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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    11277 Farmington Road, Van Alstyne, TX 75495
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