Improved Flex-Industrial
New
For Sale
$629,000
13021 Harmon Road #401, Fort Worth, TX 76177
Two-level property combines finished office, creative workspace, and warehouse functionality with a contemporary professional buildout.
Property Size2,480 SF
Price / SF$253.63
Days on Market2
Property Features for 13021 Harmon Road #401
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Office
Warehouse & Industrial
Office Build-Out
800 SF
Drive-In Doors
1
Amenities
full kitchen
conference room
Building Details
Year Built
2024
Listing Agency:
Roots Real Estate Co.
(817) 223-7632
Listed By:
Nathan Kurth · License #0663829
Source:
Lonestarluxuryrealty
Added: Sep 8
Last Checked: Sep 9 at 7:28AM
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 Roots Real Estate Co.
Investment Insights
Based on property information with market context.
This 2024 flex-industrial condominium combines polished office and creative space with functional warehouse and production areas. The first floor includes an open workspace with polished concrete floors, exposed ceilings and ductwork, upgraded lighting, contemporary finishes, and a full kitchen with a center island, cabinetry, stainless appliances, and extensive counter space. An overhead door serves the adjoining open production area, which is currently used as a photography and video studio.
A modern staircase leads to approximately 800 additional SF on the second level. The upper floor provides an office work area, private conference or meeting room, storage, and flexible workspace, complemented by glass doors and a wood-slat accent wall. The property is located at 13021 Harmon Road #401 in Fort Worth’s North Fort Worth Alliance corridor.
A modern staircase leads to approximately 800 additional SF on the second level. The upper floor provides an office work area, private conference or meeting room, storage, and flexible workspace, complemented by glass doors and a wood-slat accent wall. The property is located at 13021 Harmon Road #401 in Fort Worth’s North Fort Worth Alliance corridor.
Key Highlights
- 2024 flex‑industrial condominium at 13021 Harmon Road #401
- 2,480 SF property with approximately 800 additional SF on the second level
- Open production area with substantial ceiling height and an overhead door
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
$43,245
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
6.88%
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%
$864,900
$864.9K
Cap Rate 7%
$617,786
$617.8K
Cap Rate 9%
$480,500
$480.5K
Market Conditions
NOI Build-Up for 2,480 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
$74.4K $30.00/SF
− Vacancy
−$16.7K −$6.75/SF
EGI
$57.7K $23.25/SF
− OpEx
−$14.4K −$5.81/SF
NOI
$43.2K $17.44/SF
Area
Fort Worth, TX
Vacancy
22.50%
Lease Rate
$30.00 /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%
$864,900
Cap Rate 7%
$617,786
Cap Rate 9%
$480,500
Alternative Uses
Best Use
Office B
$617.8K
$540.6K – $720.8K
NOI $43,245 @ 7.0% cap · market cap 6.88%
Second Best
Flex RnD
$287.6K
$251.7K – $335.5K
NOI $20,132 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$900.9K
$788.3K – $1.05M
NOI $63,061 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Worth, TX
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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 - Two-level property combines finished office, creative workspace, and warehouse functionality with a contemporary professional buildout.
Where is this flex space located?
The property is located at 13021 Harmon Road #401 Fort Worth, TX.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 2024 flex‑industrial condominium at 13021 Harmon Road #401; 2,480 SF property with approximately 800 additional SF on the second level; Open production area with substantial ceiling height and an overhead door
