End-Unit Flex
For Sale
$549,000
13053 Harmon Rd Unit 1001, Fort Worth, TX 76177
Recently built commercial condominium combining office and warehouse areas with overhead-door access and dedicated parking.
Property Size1,995 SF
Price / SF$275.19
Days on Market49
Property Features for 13053 Harmon Rd Unit 1001
General Information
Standard status
Active
Size
1,995 SF
Additional Details
Highway Access
Yes
Office Units
1
Amenities
restroom with shower
overhead door access
Building Details
Year Built
2024
Listing Agency:
Listing Results, LLC
(817) 283-5134
Listed By:
Jack McLemore · License #0460808
Source:
Brandeekelley
Added: Jul 12
Changed: Aug 28
Last Checked: Aug 29 at 11:56AM
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 2024 flex condominium unit combines finished office space with a warehouse area, a restroom with shower, and overhead-door access. As an end unit, it offers a distinct position within the condominium project, while dedicated parking supports daily operations. The configuration may accommodate office, warehouse, distribution, storage, showroom, service, or mixed-use functions, subject to applicable zoning and condominium restrictions.
Located on Harmon Road in Fort Worth, the property provides 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. Buyers should independently verify dimensions, permitted uses, zoning, condominium restrictions, and other property details.
Located on Harmon Road in Fort Worth, the property provides 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. Buyers should independently verify dimensions, permitted uses, zoning, condominium restrictions, and other property details.
Key Highlights
- 2024‑built flex condominium unit
- End‑unit positioning within the condominium project
- Office and warehouse areas with restroom and shower
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
Lease Details
1
Office units
Yes
Highway access
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 Office in Fort Worth, TX
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 - Recently built commercial condominium combining office and warehouse areas with overhead-door access and dedicated parking.
Where is this flex space located?
The property is located at 13053 Harmon Rd Unit 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: 2024‑built flex condominium unit; End‑unit positioning within the condominium project; Office and warehouse areas with restroom and shower
