Flex Space with Overhead
New
For Sale
$4,200,000
1440 Westpark Way, Euless, TX 76040
2020-built facility combines office space with warehouse functionality.
Property Size18,044 SF
Days on Market6
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
(214) 234-8000
Listed By:
Dacian Halmagean · License #0791094
Source:
Nilesrealtygroup
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 29 at 4:18PM
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 = 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
$198,166
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
4.72%
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%
$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
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
$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 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%
$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 4.72%
Second Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,475 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$6.35M
$5.55M – $7.41M
NOI $444,315 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 $4,200,000.
What are key features of this property?
This property features: Constructed in 2020; Office space integrated with warehouse areas; Bathrooms and shower included
