12-Unit Flex
For Sale
$3,900,000
1440 Westpark Way, Euless, TX 76040
CommercialSale, Euless, TX
Property Size18,044 SF
Lot Size0.92 Acres
Price / SF$216.14
Days on Market51
Property Features for 1440 Westpark Way
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Commercial
Subdivision
International Reg Ind Co
Directions
Google Maps, IOS Maps, 1440 Westpark Way, Euless, TX 76040
Standard status
Active
APN
42862432
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
INTERNATIONAL REG IND CO BLOCK E LOT ER
Tax Annual Amount
31051
Legal Description
INTERNATIONAL REG IND CO BLOCK E LOT ER
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
built-in office area
full bathrooms
walk-in shower
concrete and vinyl flooring
Building Details
Year built
2020
Floors in Building
1
Number of units
12
Flooring type
Vinyl, Concrete
Building materials
Brick, Frame, Concrete
Roof type
Metal
Listing Agency:
White Rock Realty
(940) 343-5113
Listed By:
Dacian Halmagean · License #0791094
(469) 955-2343
Added: Aug 24
Changed: Sep 30
Last Checked: Oct 13 at 9:06PM
MLS# 21367526
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.
The 18,044-square-foot flex property at 1440 Westpark Way is arranged as a one-story warehouse complex with 12 units. Improvements include built-in office areas, full bathrooms, accessible walk-in showers in some units, and concrete and vinyl flooring. Central air conditioning and electric heating serve the building, while a metal roof and brick, concrete, and frame exterior provide the primary construction elements.
Multiple grade-level overhead doors open directly to Westpark Way. The 0.916-acre site includes paved asphalt and concrete parking areas, with public water, public sewer, and connected electric utilities. Constructed in 2020, the property is located in Euless, Texas, within the International Reg Industrial Co subdivision in Tarrant County.
Multiple grade-level overhead doors open directly to Westpark Way. The 0.916-acre site includes paved asphalt and concrete parking areas, with public water, public sewer, and connected electric utilities. Constructed in 2020, the property is located in Euless, Texas, within the International Reg Industrial Co subdivision in Tarrant County.
Key Highlights
- 18,044 square feet of interior space on a 0.916‑acre site
- One‑story warehouse complex divided into 12 units
- Multiple grade‑level overhead doors opening directly to Westpark Way
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - One-story commercial property with individual warehouse bays, office space, climate control, and grade-level loading access.
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: 18,044 square feet of interior space on a 0.916‑acre site; One‑story warehouse complex divided into 12 units; Multiple grade‑level overhead doors opening directly to Westpark Way
