Flex Industrial Warehouse with
For Sale
Contact for pricing
10100 Hicks Field Rd, Fort Worth, TX 76179
Industrial warehouse with built-out office on a fully paved, fenced 1.47-acre lot and multiple drive-in loading doors.
Property Size16,000 SF
Lot Size1.47 Acres
Price / SF$149.94
Days on Market482
Property Features for 10100 Hicks Field Rd
General Information
Standard status
Active
Size
16,000 SF
Class
B
Lot size
1.47 Acres
Property subtype
Industrial
Zoning
"K" Heavy Industrial
Lease Type
NNN
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
3
Heavy Power
Yes
Building Details
Year Built
2000
Year Renovated
2018
Stories
1
Listing Agency:
Balog Properties
Listed By:
Neal Balog · License #TX
Source:
Crexi
Added: May 14, 2025
Changed: Aug 7
Last Checked: Jul 23 at 8:38AM
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 Balog Properties
Investment Insights
Based on property information with market context.
This versatile industrial warehouse includes a built-out office area of 3,565 SF alongside warehouse space totaling 16,000 SF. The property sits on a fully paved and fenced 1.47-acre lot. Warehouse loading is supported by three drive-in doors: one 8' x 8', one 10' x 10', and one 14' x 12'. Clear height is 18 feet, and the warehouse includes partial air-conditioning. Power is listed as 3-phase, 240V, 600 amps.
The facility is zoned “K” Heavy Industrial. It is presented as having strong access to I-35 and major transportation routes, supporting a range of industrial uses consistent with the zoning designation.
For transactions, the property is offered for sale at 10100 Hicks Field Rd in Fort Worth, TX 76179.
The facility is zoned “K” Heavy Industrial. It is presented as having strong access to I-35 and major transportation routes, supporting a range of industrial uses consistent with the zoning designation.
For transactions, the property is offered for sale at 10100 Hicks Field Rd in Fort Worth, TX 76179.
Key Highlights
- 16,000 SF industrial warehouse on 1.47 fully paved and fenced acres
- Built‑out office space totals 3,565 SF within the facility
- Heavy Industrial zoning “K”
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
$130,603
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
5.44%
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%
$2,612,060
$2.6M
Cap Rate 7%
$1,865,757
$1.9M
Cap Rate 9%
$1,451,144
$1.5M
Market Conditions
NOI Build-Up for 16,000 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
$220.8K $13.80/SF
− Vacancy
−$19.9K −$1.24/SF
EGI
$200.9K $12.56/SF
− OpEx
−$70.3K −$4.40/SF
NOI
$130.6K $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%
$2,612,060
Cap Rate 7%
$1,865,757
Cap Rate 9%
$1,451,144
Alternative Uses
Best Use
Warehouse
$19.09M
$16.71M – $22.28M
NOI $1,336,649 @ 7.0% cap · market cap 55.72%
Second Best
Industrial
$17.20M
$15.05M – $20.07M
NOI $1,204,157 @ 7.0% cap · market cap 50.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eagle Mountain Lake Storage — 10105 Hicks Field Rd, Fort Worth, TX 76179
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with built-out office on a fully paved, fenced 1.47-acre lot and multiple drive-in loading doors.
Where is this warehouse located?
The property is located at 10100 Hicks Field Rd Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 16,000 SF industrial warehouse on 1.47 fully paved and fenced acres; Built‑out office space totals 3,565 SF within the facility; Heavy Industrial zoning “K”
