New Industrial Space in
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12308 Rendon Rd, Burleson, TX 76028
48,000 SF industrial space on 7.52 acres for sale.
Property Size48,000 SF
Lot Size7.52 Acres
Price / SF$127.08
Days on Market218
Property Features for 12308 Rendon Rd
General Information
Standard status
Active
Size
48,000 SF
Class
B
Lot size
7.52 Acres
Property subtype
Industrial
Building Details
Year Built
2024
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5200
Listed By:
Cole Collins · License #TX: 783678
Source:
Crexi
Added: Jan 6
Changed: Aug 8
Last Checked: Aug 8 at 6:40AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The property at 12308 Rendon Road in Burleson, Texas, offers approximately 48,000 square feet of shallow-bay industrial space on a 7.52-acre lot. The property consists of three buildings. Two existing 18,000-square-foot structures were developed in 2024. A 12,000-square-foot facility is under construction and is expected to be completed in 2026. The existing properties feature 17 units, clear heights ranging from 20 to 24 feet, 39 grade-level doors, metal construction and roofing, and three-phase heavy power. The building coverage ratio of 15 percent allows for ample industrial outdoor space. Located 18 miles southwest of Downtown Fort Worth, the property is near Interstate 35 West via East Rendon Crowley Road. The existing properties are at 75 percent occupancy with an average rent of $12.91 per square foot.
Key Highlights
- New construction: Two buildings completed in 2024, third expected in 2026.
- High occupancy & cap rate: Existing properties are 75% occupied with an 8.0% cap rate.
- Approximately 48,000 square feet of shallow‑bay industrial space across three buildings.
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
$333,785
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
5.47%
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%
$6,675,700
$6.7M
Cap Rate 7%
$4,768,357
$4.8M
Cap Rate 9%
$3,708,722
$3.7M
Market Conditions
NOI Build-Up for 48,000 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
$432.0K $9.00/SF
− Vacancy
−$39.3K −$0.82/SF
EGI
$392.7K $8.18/SF
− OpEx
−$58.9K −$1.23/SF
NOI
$333.8K $6.95/SF
Area
Johnson 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%
$6,675,700
Cap Rate 7%
$4,768,357
Cap Rate 9%
$3,708,722
Alternative Uses
Best Use
Warehouse
$4.77M
$4.17M – $5.56M
NOI $333,785 @ 7.0% cap · market cap 5.47%
Second Best
Industrial
$3.54M
$3.10M – $4.13M
NOI $248,004 @ 7.0% cap · market cap 4.07%
Theoretical Best
Multifamily LT 5
$575.36M
$503.44M – $671.25M
NOI $40,275,144 @ 7.0% cap · market cap 660.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
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 - 48,000 SF industrial space on 7.52 acres for sale.
Where is this flex space located?
The property is located at 12308 Rendon Rd Burleson, TX.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: New construction: Two buildings completed in 2024, third expected in 2026.; High occupancy & cap rate: Existing properties are 75% occupied with an 8.0% cap rate.; Approximately 48,000 square feet of shallow‑bay industrial space across three buildings.
