Live-Work Acreage with
For Sale
$499,999
Pending
15193 Robin Road, Haslet, TX 76052
4.85-acre tract outside city limits with a 30x50 shop, overhead doors, parking, and utilities connected.
Property Size1,500 SF
Lot Size4.85 Acres
Days on Market195
Property Features for 15193 Robin Road
General Information
Standard status
Pending
Size
1,500 SF
Lot size
4.85 Acres
Property subtype
Unimproved Land
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,677
Listing Agency:
The Whiting Group
Listed By:
Prince Whiting IV · License #0700946
(817) 913-2116
Source:
Soldbywes
Added: Mar 17
Changed: Sep 26
Last Checked: Sep 26 at 2:21PM
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 The Whiting Group
Investment Insights
Based on property information with market context.
This 4.85-acre live-work tract is outside city limits and offers an existing 30x50 shop with two 14-foot overhead doors and approximately 3,100 square feet of concrete parking. Half of the shop is framed and finished with spray foam insulation, LVP flooring, a 2-ton mini split, and a full bathroom with shower, and the finished portion is currently being used as an office.
Electric, water, and septic are already connected to the shop. The property has two sides of new fencing, a double gate entrance, and a culvert for easier access. A survey and soils test are available, and zoning is provided for Northwest ISD.
The site is being offered for sale as a flexible acreage opportunity with the shop in place, including ready-to-use office improvements and functional loading and parking capacity.
Electric, water, and septic are already connected to the shop. The property has two sides of new fencing, a double gate entrance, and a culvert for easier access. A survey and soils test are available, and zoning is provided for Northwest ISD.
The site is being offered for sale as a flexible acreage opportunity with the shop in place, including ready-to-use office improvements and functional loading and parking capacity.
Key Highlights
- 4.85‑acre tract outside city limits with no HOA and no restrictions, zoned to Northwest ISD
- 30x50 shop with two 14‑ft overhead doors plus approx. 3,100 SF concrete parking
- Half the shop is framed and finished with spray foam insulation, LVP flooring, a 2‑ton mini split, and a full bathroom with shower
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
$25,920
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
5.18%
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%
$518,400
$518.4K
Cap Rate 7%
$370,286
$370.3K
Cap Rate 9%
$288,000
$288.0K
Market Conditions
NOI Build-Up for 1,500 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
$46.1K $30.72/SF
− Vacancy
−$11.5K −$7.68/SF
EGI
$34.6K $23.04/SF
− OpEx
−$8.6K −$5.76/SF
NOI
$25.9K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$518,400
Cap Rate 7%
$370,286
Cap Rate 9%
$288,000
Alternative Uses
Best Use
Office B
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 5.18%
Second Best
Mixed Use
$248.8K
$217.7K – $290.3K
NOI $17,415 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 76052, TX
26,675
Population
10,050
Households
2.7
Avg Household Size
33
Median Age
50%
College-Educated
97%
High-School Grad
41.5 sq mi
ZIP Area
643
Density / Sq Mi
$144,812
Median Household Income
$69,361
Median Earnings
$2,124
Median Rent
$421,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 4.85-acre tract outside city limits with a 30x50 shop, overhead doors, parking, and utilities connected.
Where is this residential land & home lot located?
The property is located at 15193 Robin Road Haslet, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 4.85‑acre tract outside city limits with no HOA and no restrictions, zoned to Northwest ISD; 30x50 shop with two 14‑ft overhead doors plus approx. 3,100 SF concrete parking; Half the shop is framed and finished with spray foam insulation, LVP flooring, a 2‑ton mini split, and a full bathroom with shower
