Two-Level Flex Space with Living
For Sale
$499,999
1400 N Las Vegas Trl Unit 114, White Settlement, TX 76108
Commercial-zoned property pairs vehicle-oriented space with an upper-level area for living and entertaining.
Property Size1,273 SF
Price / SF$392.77
Days on Market29
Property Features for 1400 N Las Vegas Trl Unit 114
General Information
Standard status
Active
Size
1,273 SF
Building Details
Year Built
2020
Listing Agency:
Compass RE Texas, LLC
(214) 814-8100
Listed By:
John Zimmerman · License #0437098
Source:
Yourdavisteam
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 25 at 5:52AM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
Built in 2020, this 1, 904 sq. ft. two-level flex space combines a vehicle-oriented lower level with an upper area arranged for living and entertaining. The open layout includes smart home automation, a premium sound system, and an indoor basketball hoop. A private balcony extends the upper-level space and provides outdoor seating or gathering room.
The property is located at 1400 N Las Vegas Trail #114 in White Settlement, Texas, with access to the surrounding Fort Worth area. Commercial zoning supports the property’s mixed garage-style and living configuration as presented. Its combination of open interior space, residential-style amenities, and vehicle accommodation offers a distinctive format for an owner-user or occupant seeking more than a conventional commercial suite.
The property is located at 1400 N Las Vegas Trail #114 in White Settlement, Texas, with access to the surrounding Fort Worth area. Commercial zoning supports the property’s mixed garage-style and living configuration as presented. Its combination of open interior space, residential-style amenities, and vehicle accommodation offers a distinctive format for an owner-user or occupant seeking more than a conventional commercial suite.
Key Highlights
- 1, 904 sq. ft. two‑level flex space with vehicle‑oriented lower level and upper living area
- Commercial zoning at 1400 N Las Vegas Trail #114, White Settlement, TX 76108
- Built in 2020
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
$17,644
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
3.53%
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%
$352,880
$352.9K
Cap Rate 7%
$252,057
$252.1K
Cap Rate 9%
$196,044
$196.0K
Market Conditions
NOI Build-Up for 1,273 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
$30.6K $24.00/SF
− Vacancy
−$7.0K −$5.52/SF
EGI
$23.5K $18.48/SF
− OpEx
−$5.9K −$4.62/SF
NOI
$17.6K $13.86/SF
Area
ZIP 76108
Vacancy
23.00%
Lease Rate
$24.00 /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%
$352,880
Cap Rate 7%
$252,057
Cap Rate 9%
$196,044
Alternative Uses
Best Use
Office B
$252.1K
$220.6K – $294.1K
NOI $17,644 @ 7.0% cap · market cap 3.53%
Second Best
Mixed Use
$240.1K
$210.1K – $280.1K
NOI $16,804 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$336.1K
$294.1K – $392.1K
NOI $23,525 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial-zoned property pairs vehicle-oriented space with an upper-level area for living and entertaining.
Where is this flex space located?
The property is located at 1400 N Las Vegas Trl Unit 114 White Settlement, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 1, 904 sq. ft. two‑level flex space with vehicle‑oriented lower level and upper living area; Commercial zoning at 1400 N Las Vegas Trail #114, White Settlement, TX 76108; Built in 2020
