End-Unit Flex
New
For Sale
$549,000
13053 Harmon Road #1001 1001, Fort Worth, TX 76177
Office and warehouse areas include a restroom with shower and overhead door access.
Property Size2,000 SF
Price / SF$274.50
Days on Market5
Property Features for 13053 Harmon Road #1001 1001
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Highway Access
Yes
Listing Agency:
Listing Results, LLC
(817) 283-5134
Listed By:
Jack McLemore · License #0460808
Source:
Pinkston-harris
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 6:11PM
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 Listing Results, LLC
Investment Insights
Based on property information with market context.
This commercial condominium unit at 13053 Harmon Road, Unit 1001, in Fort Worth contains approximately 2,000 square feet arranged with office space, warehouse area, and a restroom with shower. The end-unit position, overhead door, and dedicated parking support a range of operational layouts.
The property offers access to I-35W and SH 114, with Alliance Airport, Alliance Town Center, BNSF Intermodal facilities, and nearby industrial and commercial development in the surrounding area. Potential applications include office, warehouse, distribution, storage, showroom, service business, or mixed-use operations, subject to applicable zoning and condominium restrictions.
The property offers access to I-35W and SH 114, with Alliance Airport, Alliance Town Center, BNSF Intermodal facilities, and nearby industrial and commercial development in the surrounding area. Potential applications include office, warehouse, distribution, storage, showroom, service business, or mixed-use operations, subject to applicable zoning and condominium restrictions.
Key Highlights
- Approximately 2,000 square feet of office and warehouse space
- End‑unit positioning within a commercial condominium
- Overhead door access for warehouse operations
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
$34,875
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
6.35%
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%
$697,500
$697.5K
Cap Rate 7%
$498,214
$498.2K
Cap Rate 9%
$387,500
$387.5K
Market Conditions
NOI Build-Up for 2,000 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
$60.0K $30.00/SF
− Vacancy
−$13.5K −$6.75/SF
EGI
$46.5K $23.25/SF
− OpEx
−$11.6K −$5.81/SF
NOI
$34.9K $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%
$697,500
Cap Rate 7%
$498,214
Cap Rate 9%
$387,500
Alternative Uses
Best Use
Office B
$498.2K
$435.9K – $581.3K
NOI $34,875 @ 7.0% cap · market cap 6.35%
Second Best
Flex RnD
$231.9K
$203.0K – $270.6K
NOI $16,236 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$726.5K
$635.7K – $847.6K
NOI $50,856 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Balanced
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 Office in Fort Worth, TX
Questions? Ask Rey
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Similar Off Market Nearby
- Firehouse Subs Alliance Town Center — 9180 N Fwy #524, Fort Worth, TX 76177
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas include a restroom with shower and overhead door access.
Where is this flex space located?
The property is located at 13053 Harmon Road #1001 1001 Fort Worth, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Approximately 2,000 square feet of office and warehouse space; End‑unit positioning within a commercial condominium; Overhead door access for warehouse operations
