Flex Space with Overhead
For Sale
$3,900,000
1440 Westpark Way, Euless, TX 76040
2020-built facility combines office space with warehouse functionality.
Property Size18,044 SF
Days on Market51
Property Features for 1440 Westpark Way
General Information
Standard status
Active
Size
18,044 SF
Property subtype
Warehouse
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$31,051
Building Details
Building Size
18,044 SF
Year Built
2020
Listing Agency:
White Rock Realty
Listed By:
Dacian Halmagean · License #0791094
(214) 234-8000
Source:
Nilesrealtygroup
Added: Aug 25
Changed: Oct 2
Last Checked: Oct 13 at 12:53AM
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 White Rock Realty
Investment Insights
Based on property information with market context.
This flex space was constructed in 2020 and includes office areas alongside warehouse accommodations. Interior features include bathrooms, a shower, and central air conditioning and heating. Overhead doors provide access from Westpark Way, supporting the property’s warehouse-oriented configuration.
Key Highlights
- Constructed in 2020
- Office space integrated with warehouse areas
- Bathrooms and shower included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,166
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,963,320
$4.0M
Cap Rate 7%
$2,830,943
$2.8M
Cap Rate 9%
$2,201,844
$2.2M
Market Conditions
NOI Build-Up for 18,044 SF
Gross rent
$346.4K $19.20/SF
− Vacancy
−$41.6K −$2.30/SF
EGI
$304.9K $16.90/SF
− OpEx
−$106.7K −$5.91/SF
NOI
$198.2K $10.98/SF
Area
Tarrant County, TX
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,963,320
Cap Rate 7%
$2,830,943
Cap Rate 9%
$2,201,844
Alternative Uses
Best Use
Flex RnD
$2.83M
$2.48M – $3.30M
NOI $198,166 @ 7.0% cap · market cap 5.08%
Second Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,475 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$6.35M
$5.55M – $7.41M
NOI $444,315 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76040, TX
31,899
Population
12,912
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
4,090
Density / Sq Mi
$69,683
Median Household Income
$41,493
Median Earnings
$1,245
Median Rent
$281,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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
- Amazing Plates — Pipeline Rd, Bedford, TX 76022
Frequently Asked Questions
What type of property is this?
Flex space - 2020-built facility combines office space with warehouse functionality.
Where is this flex space located?
The property is located at 1440 Westpark Way Euless, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Constructed in 2020; Office space integrated with warehouse areas; Bathrooms and shower included
