Flex
New
For Sale
$2,300,000
13009 Harmon Road 1501-1509, Fort Worth, TX 76177
Built in 2023, the property has central electric air conditioning and heat-pump heating.
Property Size11,950 SF
Days on Market4
Property Features for 13009 Harmon Road 1501-1509
General Information
Standard status
Active
Size
11,950 SF
Zoning
ETJ no zoning
Net Operating Income
$101,600
Amenities
Central Air, Electric
Central, Electric, Heat Pump
Assigned, Common, Driveway, Garage, On Site, Outside, Private
Building Details
Building Size
11,950 SF
Year Built
2023
Stories
2
Listing Agency:
The Trophy Group, LLC
Listed By:
Jean Wu
(682) 439-3323
Source:
Evrealestate
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 2 at 8:40PM
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 Trophy Group, LLC
Investment Insights
Based on property information with market context.
This flex space at 13009 Harmon Road in Fort Worth was built in 2023. The building is served by central electric air conditioning and heat-pump heating, with electric heat noted among its interior features.
The property is in Tarrant County and is described as being within the ETJ, with no zoning. Parking options include assigned and common spaces, along with on-site, outside, driveway, and garage parking.
The property is in Tarrant County and is described as being within the ETJ, with no zoning. Parking options include assigned and common spaces, along with on-site, outside, driveway, and garage parking.
Key Highlights
- Built in 2023
- Central electric air conditioning and heat‑pump heating
- Assigned and common parking, plus driveway, garage, on‑site, and outside parking
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
$97,008
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
4.22%
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%
$1,940,160
$1.9M
Cap Rate 7%
$1,385,829
$1.4M
Cap Rate 9%
$1,077,867
$1.1M
Market Conditions
NOI Build-Up for 11,950 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
$164.9K $13.80/SF
− Vacancy
−$15.7K −$1.31/SF
EGI
$149.2K $12.49/SF
− OpEx
−$52.2K −$4.37/SF
NOI
$97.0K $8.12/SF
Area
Fort Worth, TX
Vacancy
9.50%
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%
$1,940,160
Cap Rate 7%
$1,385,829
Cap Rate 9%
$1,077,867
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.21M – $1.62M
NOI $97,008 @ 7.0% cap · market cap 4.22%
Second Best
Industrial
$1.08M
$942.5K – $1.26M
NOI $75,400 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$4.34M
$3.80M – $5.06M
NOI $303,865 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76177, TX
23,001
Population
10,140
Households
2.3
Avg Household Size
32
Median Age
48%
College-Educated
98%
High-School Grad
20.6 sq mi
ZIP Area
1,117
Density / Sq Mi
$103,990
Median Household Income
$55,635
Median Earnings
$1,726
Median Rent
$349,400
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
- La cherada food truck ,Taco bar ,catering — 1925 Golden Heights Rd # 108, Fort Worth, TX 76177
- Thebuzztrailer — 1670 Harmon Rd, Fort Worth, TX 76177
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2023, the property has central electric air conditioning and heat-pump heating.
Where is this flex space located?
The property is located at 13009 Harmon Road 1501-1509 Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Built in 2023; Central electric air conditioning and heat‑pump heating; Assigned and common parking, plus driveway, garage, on‑site, and outside parking
