New Flex Building with Grade-Level
For Sale
$2,200,000
11416 BUS 287 Highway N N, Fort Worth, TX 76179
Shell-condition commercial space offers adaptable single-story configuration and multiple storefront entries.
Property Size10,000 SF
Lot Size1.77 Acres
Price / SF$220
Days on Market37
Property Features for 11416 BUS 287 Highway N N
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.77 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
2
Building Details
Buildings
1
Stories
1
Building Size
10,000 SF
Listing Agency:
Chase Realty DFW
(817) 237-7653
Listed By:
Zach Napier · License #0737406
Source:
Josephfloreshome
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 29 at 10:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chase Realty DFW
Investment Insights
Based on property information with market context.
Lot 7 at Peden Crossing presents a brand-new, single-story flex building with 10,000 square feet on a 1.77-acre site. Delivered in shell condition, the space can be finished for commercial, retail, or light industrial operations. The building includes 24-foot plate heights, two 12-foot by 14-foot grade-level roll-up doors, and multiple storefront entrances that support optional subdivision. On-site parking is provided for employees and visitors, while interior build-out can be completed by the sellers or finished by the occupant’s team.
The property fronts Business 287 for 453 feet in Fort Worth. Access to Route 287, FM 718, FM 156, and Interstate 35W places the site near several major transportation routes. Nearby development includes Eagle Mountain High School, Eagle Mountain Saginaw ISD, a 1,000-lot residential community, and established businesses such as Chick-fil-A, Texas Roadhouse, Lowe’s, and Walmart Supercenter.
The property fronts Business 287 for 453 feet in Fort Worth. Access to Route 287, FM 718, FM 156, and Interstate 35W places the site near several major transportation routes. Nearby development includes Eagle Mountain High School, Eagle Mountain Saginaw ISD, a 1,000-lot residential community, and established businesses such as Chick-fil-A, Texas Roadhouse, Lowe’s, and Walmart Supercenter.
Key Highlights
- 10,000‑square‑foot flex building on a 1.77‑acre lot
- 453 feet of direct frontage on Business 287
- 24‑foot plate heights with two 12‑foot by 14‑foot grade‑level roll‑up doors
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
$81,627
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
3.71%
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%
$1,632,540
$1.6M
Cap Rate 7%
$1,166,100
$1.2M
Cap Rate 9%
$906,967
$907.0K
Market Conditions
NOI Build-Up for 10,000 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
$138.0K $13.80/SF
− Vacancy
−$12.4K −$1.24/SF
EGI
$125.6K $12.56/SF
− OpEx
−$44.0K −$4.40/SF
NOI
$81.6K $8.16/SF
Area
ZIP 76179
Vacancy
9.00%
Lease Rate
$13.80 /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%
$1,632,540
Cap Rate 7%
$1,166,100
Cap Rate 9%
$906,967
Alternative Uses
Best Use
Industrial
$10.75M
$9.41M – $12.54M
NOI $752,598 @ 7.0% cap · market cap 34.21%
Second Best
Flex RnD
$1.17M
$1.02M – $1.36M
NOI $81,627 @ 7.0% cap · market cap 3.71%
Theoretical Best
Warehouse
$11.93M
$10.44M – $13.92M
NOI $835,406 @ 7.0% cap · market cap 37.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76179, TX
68,333
Population
26,227
Households
2.6
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
51.9 sq mi
ZIP Area
1,317
Density / Sq Mi
$108,428
Median Household Income
$53,878
Median Earnings
$1,840
Median Rent
$299,300
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 - Shell-condition commercial space offers adaptable single-story configuration and multiple storefront entries.
Where is this flex space located?
The property is located at 11416 BUS 287 Highway N N Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10,000‑square‑foot flex building on a 1.77‑acre lot; 453 feet of direct frontage on Business 287; 24‑foot plate heights with two 12‑foot by 14‑foot grade‑level roll‑up doors
