Flex Space with Detached
For Sale
$1,500,000
Pending
4212 Old Benbrook Road Unit A, Fort Worth, TX 76116
Multi-use flex space includes hard offices, conference areas, a kitchen area, and two bathrooms.
Property Size4,320 SF
Days on Market14
Property Features for 4212 Old Benbrook Road Unit A
General Information
Standard status
Pending
Size
4,320 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Amenities
kitchen
conference area
bathrooms
Building Details
Year Built
1999
Buildings
2
Listing Agency:
Williams Trew Real Estate
(817) 732-8400
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 30
Changed: Aug 8
Last Checked: Jul 31 at 3:41AM
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 Williams Trew Real Estate
Investment Insights
Based on property information with market context.
This multi-use flex space features two hard offices and large conference areas, along with additional flex space designed for a variety of office and operational uses. Interior highlights include a kitchen area and two bathrooms. The property also includes a detached warehouse-workshop building with large bays, providing space that can support equipment storage and convenient turnaround.
Built in 1999, the total building size is 4,320 SF. Set on a highly visible corner lot just off Hwy 377 and Spur 183, with Camp Bowie West nearby, the site offers strong road frontage and ample parking. A security gate and fencing are included.
The combination of office-ready space, conference areas, and a detached workshop with large bays supports tenants who need both customer-facing space and practical on-site storage or operations.
Built in 1999, the total building size is 4,320 SF. Set on a highly visible corner lot just off Hwy 377 and Spur 183, with Camp Bowie West nearby, the site offers strong road frontage and ample parking. A security gate and fencing are included.
The combination of office-ready space, conference areas, and a detached workshop with large bays supports tenants who need both customer-facing space and practical on-site storage or operations.
Key Highlights
- 4,320 SF flex space built in 1999
- Includes two hard offices and large conference areas
- Kitchen area plus two bathrooms within the main space
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
$75,330
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
5.02%
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%
$1,506,600
$1.5M
Cap Rate 7%
$1,076,143
$1.1M
Cap Rate 9%
$837,000
$837.0K
Market Conditions
NOI Build-Up for 4,320 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
$129.6K $30.00/SF
− Vacancy
−$29.2K −$6.75/SF
EGI
$100.4K $23.25/SF
− OpEx
−$25.1K −$5.81/SF
NOI
$75.3K $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%
$1,506,600
Cap Rate 7%
$1,076,143
Cap Rate 9%
$837,000
Alternative Uses
Best Use
Office B
$1.08M
$941.6K – $1.26M
NOI $75,330 @ 7.0% cap · market cap 5.02%
Second Best
Flex RnD
$501.0K
$438.4K – $584.5K
NOI $35,069 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,849 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76116, TX
51,639
Population
25,808
Households
2
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.3 sq mi
ZIP Area
4,198
Density / Sq Mi
$54,738
Median Household Income
$39,040
Median Earnings
$1,205
Median Rent
$286,500
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 - Multi-use flex space includes hard offices, conference areas, a kitchen area, and two bathrooms.
Where is this flex space located?
The property is located at 4212 Old Benbrook Road Unit A Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,320 SF flex space built in 1999; Includes two hard offices and large conference areas; Kitchen area plus two bathrooms within the main space
