Flex Space with Grade-Level
For Sale
Contact for pricing
11519 Alta Vista Road, Fort Worth, TX 76244
E-zoned commercial property provides adaptable space with convenient access for deliveries, equipment, and inventory.
Property Size2,826 SF
Lot Size1.06 Acres
Price / SF$247.35
Days on Market12
Property Features for 11519 Alta Vista Road
General Information
Standard status
Active
Size
2,826 SF
Lot size
1.06 Acres
Property subtype
Industrial, Mixed Use, Land
Zoning
E (Neighborhood Commercial)
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
2017
Listing Agency:
Morgan Realty Group
Listed By:
ERIC MORGAN · License #9002258
Source:
Crexi
Added: Sep 3
Changed: Sep 12
Last Checked: Sep 13 at 5:54AM
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 Morgan Realty Group
Investment Insights
Based on property information with market context.
This 2,826 SF flex space, constructed in 2017 per TAD, occupies approximately 1.06 acres and offers a functional commercial layout. Two oversized grade-level doors support delivery handling, equipment movement, inventory access, and other operational needs. The property is zoned E (Neighborhood Commercial) by the City of Fort Worth, with the source information identifying potential retail, service, storage, and commercial applications.
The site includes approximately 103 feet of frontage along Alta Vista Road in north Fort Worth. Its position provides access to I-35W and US 377, connecting the property with surrounding areas of Fort Worth and the broader Dallas–Fort Worth Metroplex.
The site includes approximately 103 feet of frontage along Alta Vista Road in north Fort Worth. Its position provides access to I-35W and US 377, connecting the property with surrounding areas of Fort Worth and the broader Dallas–Fort Worth Metroplex.
Key Highlights
- ±2,826 SF flex space on ±1.06 acres
- Two oversized grade‑level doors
- Built in 2017 per TAD
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
$51,292
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
7.34%
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%
$1,025,840
$1.0M
Cap Rate 7%
$732,743
$732.7K
Cap Rate 9%
$569,911
$569.9K
Market Conditions
NOI Build-Up for 2,826 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
$93.3K $33.00/SF
− Vacancy
−$11.2K −$3.96/SF
EGI
$82.1K $29.04/SF
− OpEx
−$30.8K −$10.89/SF
NOI
$51.3K $18.15/SF
Area
Fort Worth, TX
Vacancy
12.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,025,840
Cap Rate 7%
$732,743
Cap Rate 9%
$569,911
Alternative Uses
Best Use
Mixed Use
$732.7K
$641.2K – $854.9K
NOI $51,292 @ 7.0% cap · market cap 7.34%
Second Best
Flex RnD
$327.7K
$286.8K – $382.4K
NOI $22,941 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.03M
$898.3K – $1.20M
NOI $71,860 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76244, TX
77,154
Population
26,098
Households
3
Avg Household Size
33
Median Age
45%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
5,178
Density / Sq Mi
$119,542
Median Household Income
$62,021
Median Earnings
$1,954
Median Rent
$363,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - E-zoned commercial property provides adaptable space with convenient access for deliveries, equipment, and inventory.
Where is this flex space located?
The property is located at 11519 Alta Vista Road Fort Worth, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: ±2,826 SF flex space on ±1.06 acres; Two oversized grade‑level doors; Built in 2017 per TAD
