New Flex Space with Grade-Level
For Sale
Contact for pricing
11436 Business Highway 287 N, Fort Worth, TX 76179
Shell-condition space supports customization for office, showroom, warehouse, retail, or light industrial uses.
Property Size10,340 SF
Lot Size1.18 Acres
Price / SF$215
Days on Market21
Property Features for 11436 Business Highway 287 N
General Information
Standard status
Active
Size
10,340 SF
Lot size
1.18 Acres
Property subtype
Retail, Industrial, Land
Zoning
NO ZONING
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
2026
Buildings
1
Stories
1
Building Size
10,340 SF
Listing Agency:
Avondale Development Group
Listed By:
Zachary Napier · License #TX
Source:
Crexi
Added: Aug 10
Changed: Aug 30
Last Checked: Aug 30 at 1:13AM
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 Avondale Development Group
Investment Insights
Based on property information with market context.
Lot 3 includes a new, single-story flex building measuring 10,340 square feet on 1.18 acres. Delivered in shell condition with utilities in place, the property allows the interior to be finished for office, showroom, warehouse, retail, or light industrial applications. The building has 20-16 foot plate heights, two 12-foot-by-14-foot grade-level roll-up doors, multiple storefront entrances, and on-site parking. The entrances are configured to support future subdivision into multiple suites.
Located outside city limits along Business 287 between Peden Road and W Bonds Ranch Road, the property has approximately 232 feet of frontage and a dedicated ingress/egress approach from Business Highway 287. Access to Interstate 35W, US Highway 287, Highway 820, and FM 156 places the site within reach of the broader Dallas-Fort Worth Metroplex. Zoning is identified as NO ZONING.
Located outside city limits along Business 287 between Peden Road and W Bonds Ranch Road, the property has approximately 232 feet of frontage and a dedicated ingress/egress approach from Business Highway 287. Access to Interstate 35W, US Highway 287, Highway 820, and FM 156 places the site within reach of the broader Dallas-Fort Worth Metroplex. Zoning is identified as NO ZONING.
Key Highlights
- 10,340 SF single‑story flex building on 1.18 acres
- Approximately 232 feet of frontage along Business 287
- 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
$84,402
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
3.80%
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%
$1,688,040
$1.7M
Cap Rate 7%
$1,205,743
$1.2M
Cap Rate 9%
$937,800
$937.8K
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
$142.7K $13.80/SF
− Vacancy
−$12.8K −$1.24/SF
EGI
$129.8K $12.56/SF
− OpEx
−$45.4K −$4.40/SF
NOI
$84.4K $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%
$1,688,040
Cap Rate 7%
$1,205,743
Cap Rate 9%
$937,800
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
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Under-served
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
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Frequently Asked Questions
What type of property is this?
Flex space - Shell-condition space supports customization for office, showroom, warehouse, retail, or light industrial uses.
Where is this flex space located?
The property is located at 11436 Business Highway 287 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 SF single‑story flex building on 1.18 acres; Approximately 232 feet of frontage along Business 287; Two 12‑foot‑by‑14‑foot grade‑level roll‑up doors
