Fenced Warehouse
For Sale
Contact for pricing
12000 FM 730 N, Azle, TX 76020
Two buildings and enclosed outdoor storage provide a flexible commercial configuration.
Property Size4,800 SF
Lot Size2.50 Acres
Price / SF$135.42
Days on Market62
Property Features for 12000 FM 730 N
General Information
Standard status
Active
Size
4,800 SF
Class
B
Lot size
2.50 Acres
Property subtype
Industrial
Occupancy
100%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Team & Vasseur
Listed By:
William Underwood · License #TX 00681249
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 3:18PM
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 Team & Vasseur
Investment Insights
Based on property information with market context.
This warehouse property at 12000 FM 730 N in Azle, Texas, includes two buildings totaling approximately 4,800 square feet. Each structure is approximately 2,400 square feet, providing separate building areas within the site.
Approximately 2.5 acres are included, with about 27,000 square feet enclosed by fencing for secure storage. The remaining land provides additional space for future buildings or expansion of the storage yard, as supported by the existing property layout.
Approximately 2.5 acres are included, with about 27,000 square feet enclosed by fencing for secure storage. The remaining land provides additional space for future buildings or expansion of the storage yard, as supported by the existing property layout.
Key Highlights
- Two approximately 2,400 SF buildings
- Approximately 4,800 SF of total building area
- Approximately 2.5 acres
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
$33,378
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
5.14%
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%
$667,560
$667.6K
Cap Rate 7%
$476,829
$476.8K
Cap Rate 9%
$370,867
$370.9K
Market Conditions
NOI Build-Up for 4,800 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
$43.2K $9.00/SF
− Vacancy
−$3.9K −$0.82/SF
EGI
$39.3K $8.18/SF
− OpEx
−$5.9K −$1.23/SF
NOI
$33.4K $6.95/SF
Area
Parker County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$667,560
Cap Rate 7%
$476,829
Cap Rate 9%
$370,867
Alternative Uses
Best Use
Industrial
$4.77M
$4.17M – $5.56M
NOI $333,870 @ 7.0% cap · market cap 51.36%
Second Best
Warehouse
$476.8K
$417.2K – $556.3K
NOI $33,378 @ 7.0% cap · market cap 5.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76020, TX
33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
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?
Warehouse - Two buildings and enclosed outdoor storage provide a flexible commercial configuration.
Where is this warehouse located?
The property is located at 12000 FM 730 N Azle, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two approximately 2,400 SF buildings; Approximately 4,800 SF of total building area; Approximately 2.5 acres
