Single-Story Flex
New
For Sale
$2,223,100
11436 BUS 287 Highway N N, Fort Worth, TX 76179
Shell-condition flex space with utilities in place and a layout adaptable to office, showroom, warehouse, retail, or light industrial use.
Property Size10,340 SF
Lot Size1.18 Acres
Price / SF$215
Days on Market2
Property Features for 11436 BUS 287 Highway N N
General Information
Standard status
Active
Size
10,340 SF
Lot size
1.18 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
2
Building Details
Buildings
1
Stories
1
Building Size
10,340 SF
Listing Agency:
Chase Realty DFW
(817) 237-7653
Listed By:
Zach Napier · License #0737406
(817) 614-6833
Source:
Pinkston-harris
Added: Sep 21
Last Checked: Sep 21 at 4:18AM
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.
This single-story flex building contains 10,340 square feet on 1.18 acres and is delivered in shell condition with utilities already in place. The interior can be configured for office, showroom, warehouse, retail, or light industrial operations. A 20-foot plate height, two grade-level roll-up doors measuring 12 feet by 14 feet, multiple storefront entrances, and on-site parking support a range of business layouts and future suite divisions.
The property is outside city limits along Business 287 between Peden Road and W Bonds Ranch Road, with approximately 232 feet of frontage. Access to Interstate 35W, US HWY 287, HWY 820, and FM 156 connects the site with the Dallas-Fort Worth Metroplex. The building is near Eagle Mountain High School and expanding residential and commercial development, including a 1,000-home community. No city zoning, permits, or impact fees are identified for the site.
The property is outside city limits along Business 287 between Peden Road and W Bonds Ranch Road, with approximately 232 feet of frontage. Access to Interstate 35W, US HWY 287, HWY 820, and FM 156 connects the site with the Dallas-Fort Worth Metroplex. The building is near Eagle Mountain High School and expanding residential and commercial development, including a 1,000-home community. No city zoning, permits, or impact fees are identified for the site.
Key Highlights
- 10,340‑square‑foot flex building on 1.18 acres
- Approximately 232 feet of frontage along Business 287
- 20‑foot plate height 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
$166,201
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
7.48%
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%
$3,324,020
$3.3M
Cap Rate 7%
$2,374,300
$2.4M
Cap Rate 9%
$1,846,678
$1.8M
Market Conditions
NOI Build-Up for 10,340 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
$249.4K $24.12/SF
− Vacancy
−$12.0K −$1.16/SF
EGI
$237.4K $22.96/SF
− OpEx
−$71.2K −$6.89/SF
NOI
$166.2K $16.07/SF
Area
ZIP 76179
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$3,324,020
Cap Rate 7%
$2,374,300
Cap Rate 9%
$1,846,678
Alternative Uses
Best Use
Warehouse
$12.34M
$10.80M – $14.40M
NOI $863,809 @ 7.0% cap · market cap 38.86%
Second Best
Industrial
$11.12M
$9.73M – $12.97M
NOI $778,186 @ 7.0% cap · market cap 35.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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 flex space with utilities in place and a layout adaptable to office, showroom, warehouse, retail, or light industrial use.
Where is this flex space located?
The property is located at 11436 BUS 287 Highway N N Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,223,100.
What are key features of this property?
This property features: 10,340‑square‑foot flex building on 1.18 acres; Approximately 232 feet of frontage along Business 287; 20‑foot plate height with two 12‑foot by 14‑foot grade‑level roll‑up doors
