Flex Building with Open
For Sale
$395,000
1403 Oak Knoll Drive, Haltom City, TX 76117
CommercialSale, Haltom City, TX
Property Size5,000 SF
Lot Size0.19 Acres
Price / SF$79
Days on Market11
Property Features for 1403 Oak Knoll Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C3
Parking features
Garage, Parking Lot
Accessibility
Accessible Approach with Ramp
Subdivision
Oak Knoll Add
Directions
Follow google map
Standard status
Active
APN
02021064
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Number of units
1
Flooring type
Concrete, Vinyl
Roof type
Flat
Listing Agency:
Allegiant Realty
(512) 954-8548
Listed By:
Yanlin Qian · License #0685637
(512) 954-8548
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 29 at 5:06PM
MLS# 21360507
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines four offices with more than 5,000 square feet of open storage or work area. Insulated commercial garage doors accommodate vehicle entry, deliveries, and equipment, while central heating and air conditioning support year-round operations. Concrete and vinyl flooring provide practical finishes, with garage and parking-lot parking available on site.
The property occupies a 0.19-acre lot at 1403 Oak Knoll Drive in Haltom City, Texas, near Airport Freeway. Built in 1965, the building includes a flat roof, public water and sewer service, and an accessible approach with ramp. Its combination of office space, open interior area, vehicle access, and utility infrastructure supports a range of flex-oriented commercial operations.
The property occupies a 0.19-acre lot at 1403 Oak Knoll Drive in Haltom City, Texas, near Airport Freeway. Built in 1965, the building includes a flat roof, public water and sewer service, and an accessible approach with ramp. Its combination of office space, open interior area, vehicle access, and utility infrastructure supports a range of flex-oriented commercial operations.
Key Highlights
- More than 5,000 square feet of open storage or workspace
- Four offices for administration, meetings, or client consultations
- Commercial‑grade insulated garage doors for vehicles, deliveries, and equipment
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
Flex RnD
$784.5K
$686.4K – $915.2K
NOI $54,912 @ 7.0% cap · market cap 13.90%
Second Best
Warehouse
$496.7K
$434.6K – $579.5K
NOI $34,769 @ 7.0% cap · market cap 8.80%
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
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Khac's Kitchen — 4045 E Belknap St STE 13, Haltom City, TX 76111
- Ruthie's Food Trucks — 1833 N Beach St, Fort Worth, TX 76111
- El Calentano Meat Market — 5144 E Belknap St, Haltom City, TX 76117
Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial facility with offices, vehicle access, climate control, and durable concrete flooring.
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: More than 5,000 square feet of open storage or workspace; Four offices for administration, meetings, or client consultations; Commercial‑grade insulated garage doors for vehicles, deliveries, and equipment
