Flex Space with Insulated
151 Morrow Road Springtown, TX 76082
New
151 Morrow Road, Springtown, TX, 76082
$400,000
For Sale
$400,000
Versatile flex property includes heated and cooled office area plus insulated warehouse space and a covered porch.
Property Size3,200 SF
Price / SF$125
Days on Market2
Property Features for 151 Morrow Road
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agency
CENTURY 21 Judge Fite Co.
(304) 299-3935
Listed by
Cassy Nutt
(304) 299-3935
Source
Signaturere
Added: Jul 20 Updated: Jul 21 at 4:44AM Checked: Jul 21 at 4:44AM
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 CENTURY 21 Judge Fite Co.
Investment Insights
Based on property information with market context.
This versatile commercial flex property provides a mix of heated and cooled office area and insulated warehouse space, designed to support a range of operating needs. Approximately 1,800 square feet of heated and cooled space is available for offices, cubicles, customer-facing retail, call center operations, or collaborative work. An additional 800+ square feet of insulated warehouse space offers room for inventory, equipment, storage, or light manufacturing. The property also includes an approximately 800-square-foot covered porch, which can be used for outdoor operations, customer pickup, equipment storage, or future expansion.
The property is located about 500 feet off SH-199 between Azle and Springtown, providing convenient access and visibility for a variety of business types.
The property is located about 500 feet off SH-199 between Azle and Springtown, providing convenient access and visibility for a variety of business types.
Key Highlights
- Year built 2004 commercial property with 3,200 SF total space
- About 1,800 SF heated and cooled for offices, cubicles, customer‑facing retail, call center, or collaborative work
- Additional 800+ SF insulated warehouse space for inventory, equipment, storage, or light manufacturing
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $12.00 |
| − Vacancy | −$2.3k | −$0.72 |
| EGI | $36.1k | $11.28 |
| − OpEx | −$12.6k | −$3.95 |
| NOI | $23.5k | $7.33 |
3,200 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$3.18M
$2.78M – $3.71M
NOI $222,580 @ 7.0% cap · market cap 55.65%
Second Best
Retail
$735.6K
$643.6K – $858.2K
NOI $51,489 @ 7.0% cap · market cap 12.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DFW Custom Homes
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile flex property includes heated and cooled office area plus insulated warehouse space and a covered porch.
Where is this flex space located?
The property is located at 151 Morrow Road Springtown, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Year built 2004 commercial property with 3,200 SF total space; About 1,800 SF heated and cooled for offices, cubicles, customer‑facing retail, call center, or collaborative work; Additional 800+ SF insulated warehouse space for inventory, equipment, storage, or light manufacturing
