Two-Building Warehouse
For Sale
$2,250,000
5085 FM1187, Burleson, TX 76028
Fully occupied shallow-bay property delivered in 2020 with 18-foot clear height and 13 grade-level doors.
Property Size17,000 SF
Lot Size1.77 Acres
Price / SF$132.35
Days on Market23
Property Features for 5085 FM1187
General Information
Standard status
Active
Size
17,000 SF
Total Parking Spaces
30
Lot size
1.77 Acres
Property subtype
Warehouse
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
13
Additional Details
Cap Rate
7.5%
Amenities
Fully Occupied Two-Building 17,000-Square-Foot Shallow Bay Asset Situated on 1.77 Acres
Delivered in 2020, Featuring Metal Construction, Three Units, 18' Clear Height, 13 Grade-Level Doors, and 30 Parking Spaces
Strategically Positioned with Frontage Along FM 1187, 3.8 Miles to I-35W
Anchored by Collision Repair Company Through February 2030 | Average Lease Rate of $12.92/SF, Generating 7.5% Cap Rate
Building Details
Building Size
17,000 SF
Year Built
2020
Construction
metal
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5154
Listed By:
Cole Collins · License #License(s): TX: 783678
(972) 755-5154
Source:
Marcusmillichap
Added: Jul 25
Changed: Aug 8
Last Checked: Aug 16 at 3:03AM
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.
For sale is a fully occupied, two-building shallow-bay warehouse asset delivered in 2020, totaling 17,000 square feet on 1.77 acres. The metal-constructed buildings are divided into three units and offer 18 feet of clear height for efficient storage and operations. Access is supported by 13 grade-level doors, and the site provides 30 parking spaces for tenants and visitors.
The property has frontage along Farm to Market 1187 (Rendon Bloodworth Road) in Burleson, Texas, and is about 3.8 miles from Interstate 35 West. Downtown Fort Worth is approximately 23 minutes southeast by drive.
Occupancy is in place, anchored by a collision repair company using 10,000 square feet. The anchoring lease runs through February 2030, and the remaining units support the property’s current rental structure.
The property has frontage along Farm to Market 1187 (Rendon Bloodworth Road) in Burleson, Texas, and is about 3.8 miles from Interstate 35 West. Downtown Fort Worth is approximately 23 minutes southeast by drive.
Occupancy is in place, anchored by a collision repair company using 10,000 square feet. The anchoring lease runs through February 2030, and the remaining units support the property’s current rental structure.
Key Highlights
- Fully occupied two‑building 17,000 SF shallow‑bay industrial asset delivered in 2020
- 18 ft clear height with 13 grade‑level doors for efficient loading and tenant access
- Metal construction on 1.77 acres with 30 parking spaces for tenants and visitors
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
$118,215
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
5.25%
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%
$2,364,300
$2.4M
Cap Rate 7%
$1,688,786
$1.7M
Cap Rate 9%
$1,313,500
$1.3M
Market Conditions
NOI Build-Up for 17,000 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
$153.0K $9.00/SF
− Vacancy
−$13.9K −$0.82/SF
EGI
$139.1K $8.18/SF
− OpEx
−$20.9K −$1.23/SF
NOI
$118.2K $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%
$2,364,300
Cap Rate 7%
$1,688,786
Cap Rate 9%
$1,313,500
Alternative Uses
Best Use
Retail
$4.03M
$3.53M – $4.70M
NOI $282,173 @ 7.0% cap · market cap 12.54%
Second Best
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,215 @ 7.0% cap · market cap 5.25%
Theoretical Best
Multifamily LT 5
$203.77M
$178.30M – $237.74M
NOI $14,264,113 @ 7.0% cap · market cap 633.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
13
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Crossroads Station Storage — 5333 E, FM1187 Suite 120, Burleson, TX 76028
- Sharp & To The Point — 5226 Farm to Market 1187, Burleson, TX 76028
- Rendon Self Storage — 12215 Rendon Rd, Burleson, TX 76028
- Glenwood 33 Flex Space — 5001 FM1187, Burleson, TX 76028
- Longhorn State Storage — 7230 Stephenson Levy Rd, Burleson, TX 76028
Frequently Asked Questions
What type of property is this?
Warehouse - Fully occupied shallow-bay property delivered in 2020 with 18-foot clear height and 13 grade-level doors.
Where is this warehouse located?
The property is located at 5085 FM1187 Burleson, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Fully occupied two‑building 17,000 SF shallow‑bay industrial asset delivered in 2020; 18 ft clear height with 13 grade‑level doors for efficient loading and tenant access; Metal construction on 1.77 acres with 30 parking spaces for tenants and visitors
