Flex Space With Office
New
For Sale
$395,000
1403 Oak Knoll Drive, Haltom City, TX 76117
Functional commercial space combines administrative offices, open work areas, and vehicle-accessible garage doors.
Property Size5,000 SF
Price / SF$79
Days on Market4
Property Features for 1403 Oak Knoll Drive
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Warehouse
Additional Details
Highway Access
Yes
Amenities
four spacious offices
open storage or workspace
commercial-grade insulated garage doors
heating and cooling systems
cement flooring
Building Details
Year Built
1965
Listing Agency:
Allegiant Realty
(512) 954-8548
Listed By:
Rene Jensen · License #0685637
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 16
Changed: Aug 19
Last Checked: Aug 18 at 4:32AM
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 Allegiant Realty
Investment Insights
Based on property information with market context.
This flex space includes four offices alongside a substantial open area suited to storage or workspace. Commercial-grade insulated garage doors support vehicle entry, deliveries, and handling of larger equipment. Heating and cooling systems, along with durable cement flooring, provide practical support for ongoing commercial operations. The property also offers room for vehicles, workbenches, shelving, and inventory organization.
Located near Airport Freeway, the building provides access suited to businesses requiring both office functions and operational space. Constructed in 1965, it combines administrative areas with adaptable work and storage capacity in a single commercial property.
Located near Airport Freeway, the building provides access suited to businesses requiring both office functions and operational space. Constructed in 1965, it combines administrative areas with adaptable work and storage capacity in a single commercial property.
Key Highlights
- Four offices for administration, meetings, or client consultations
- Commercial‑grade insulated garage doors accommodate vehicles, deliveries, and large equipment
- Heating and cooling systems serve the building
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
$34,769
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
8.80%
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%
$695,380
$695.4K
Cap Rate 7%
$496,700
$496.7K
Cap Rate 9%
$386,322
$386.3K
Market Conditions
NOI Build-Up for 5,000 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
$45.0K $9.00/SF
− Vacancy
−$4.1K −$0.82/SF
EGI
$40.9K $8.18/SF
− OpEx
−$6.1K −$1.23/SF
NOI
$34.8K $6.95/SF
Area
Tarrant County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$695,380
Cap Rate 7%
$496,700
Cap Rate 9%
$386,322
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,400 @ 7.0% cap · market cap 21.87%
Second Best
Flex RnD
$784.5K
$686.4K – $915.2K
NOI $54,912 @ 7.0% cap · market cap 13.90%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,120 @ 7.0% cap · market cap 31.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76117, TX
33,398
Population
12,793
Households
2.6
Avg Household Size
34
Median Age
12%
College-Educated
71%
High-School Grad
10.9 sq mi
ZIP Area
3,064
Density / Sq Mi
$49,041
Median Household Income
$34,111
Median Earnings
$1,205
Median Rent
$185,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Khoury's Kitchen — 5740 Highland Ave, Haltom City, TX 76117
- El Calentano Meat Market — 5144 E Belknap St, Haltom City, TX 76117
- Tiff's Kitchen — 5809 Hadley St, Haltom City, TX 76117
Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial space combines administrative offices, open work areas, and vehicle-accessible garage doors.
Where is this flex space located?
The property is located at 1403 Oak Knoll Drive Haltom City, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four offices for administration, meetings, or client consultations; Commercial‑grade insulated garage doors accommodate vehicles, deliveries, and large equipment; Heating and cooling systems serve the building
