End Unit Flex Warehouse
For Sale
$549,000
13053 Harmon Road, Fort Worth, TX 76177
A condominium flex unit with office space, warehouse area, and overhead door access, plus dedicated parking for business operations.
Property Size1,995 SF
Price / SF$275.19
Days on Market77
Property Features for 13053 Harmon Road
General Information
Standard status
Active
Size
1,995 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,854
Amenities
Electric
3
Building Details
Year Built
2024
Listing Agency:
Listing Results, LLC
(817) 283-5134
Listed By:
Jack McLemore · License #0460808
(817) 283-5134
Source:
Xome
Added: May 24
Changed: Aug 7
Last Checked: Aug 7 at 1:50AM
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 end unit commercial condominium at 13053 Harmon Road (Unit 1001) offers an approximately 2,000-square-foot flex setup combining office and warehouse functionality. The space includes office area, a warehouse/work area, and a restroom with shower. Operational access is provided via an overhead door, supporting activities that benefit from direct drive-in capability. Dedicated parking is included with the unit, and the layout is described as functional and flexible for a range of business needs.
Access and convenience are key features of the property. Public remarks note convenient connections to I-35W and SH 114, along with proximity to Alliance Airport and Alliance Town Center. The surrounding area includes industrial and commercial development, with BNSF Intermodal facilities also referenced in the remarks.
The unit is suitable for owner occupancy or operations that need both office and warehouse space, including uses such as office, warehouse, distribution, storage, showroom, service business, or mixed use, subject to applicable zoning and condominium restrictions. As noted in the public remarks, buyers should verify square footage, dimensions, permitted uses, zoning, and all condominium restrictions prior to purchase.
Access and convenience are key features of the property. Public remarks note convenient connections to I-35W and SH 114, along with proximity to Alliance Airport and Alliance Town Center. The surrounding area includes industrial and commercial development, with BNSF Intermodal facilities also referenced in the remarks.
The unit is suitable for owner occupancy or operations that need both office and warehouse space, including uses such as office, warehouse, distribution, storage, showroom, service business, or mixed use, subject to applicable zoning and condominium restrictions. As noted in the public remarks, buyers should verify square footage, dimensions, permitted uses, zoning, and all condominium restrictions prior to purchase.
Key Highlights
- Commercial condominium unit at 13053 Harmon Road, Unit 1001, Fort Worth
- Approximately 2,000 SF with office space and warehouse area
- Restroom with shower included, plus 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
$34,788
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
6.34%
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%
$695,760
$695.8K
Cap Rate 7%
$496,971
$497.0K
Cap Rate 9%
$386,533
$386.5K
Market Conditions
NOI Build-Up for 1,995 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
$59.9K $30.00/SF
− Vacancy
−$13.5K −$6.75/SF
EGI
$46.4K $23.25/SF
− OpEx
−$11.6K −$5.81/SF
NOI
$34.8K $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%
$695,760
Cap Rate 7%
$496,971
Cap Rate 9%
$386,533
Alternative Uses
Best Use
Office B
$497.0K
$434.9K – $579.8K
NOI $34,788 @ 7.0% cap · market cap 6.34%
Second Best
Flex RnD
$231.4K
$202.4K – $269.9K
NOI $16,195 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,729 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Under-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 Office in Fort Worth, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A condominium flex unit with office space, warehouse area, and overhead door access, plus dedicated parking for business operations.
Where is this flex space located?
The property is located at 13053 Harmon Road 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: Commercial condominium unit at 13053 Harmon Road, Unit 1001, Fort Worth; Approximately 2,000 SF with office space and warehouse area; Restroom with shower included, plus overhead door access for warehouse operations
