Flex Space with
For Sale
$400,000
151 Morrow Rd, Springtown, TX 76082
Heated and cooled business areas pair with insulated storage and a covered porch for varied commercial operations.
Property Size3,200 SF
Price / SF$125
Days on Market60
Property Features for 151 Morrow Rd
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Highway Access
Yes
Office Build-Out
1,800 SF
Building Details
Year Built
2004
Building Size
3,200 SF
Listing Agency:
CENTURY 21 Judge Fite Co.
Listed By:
Cassy Nutt
(214) 920-9611
Source:
Minteerteam
Added: Aug 16
Changed: Oct 8
Last Checked: Oct 7 at 2:18PM
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 CENTURY 21 Judge Fite Co.
Investment Insights
Based on property information with market context.
This 3,200-square-foot flex property, built in 2004, combines finished business space with dedicated warehouse and covered exterior areas. Approximately 1,800 square feet is heated and cooled for offices, cubicles, customer-facing retail, call center functions, or collaborative workspace. An additional 800+ square feet of insulated warehouse space accommodates inventory, equipment, storage, or light manufacturing. The property also includes an 800-square-foot covered porch that can support outdoor operations, customer pickup, or equipment storage.
Located at 151 Morrow Rd in Springtown, the property sits approximately 500 feet from SH-199 between Azle and Springtown. Its configuration supports retail, office, service-based, distribution, light industrial, or combined business operations.
Located at 151 Morrow Rd in Springtown, the property sits approximately 500 feet from SH-199 between Azle and Springtown. Its configuration supports retail, office, service-based, distribution, light industrial, or combined business operations.
Key Highlights
- 3,200‑square‑foot commercial flex property built in 2004
- Approximately 1,800 square feet of heated and cooled space
- Additional 800+ square feet of insulated warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,462
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,240
$469.2K
Cap Rate 7%
$335,171
$335.2K
Cap Rate 9%
$260,689
$260.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$38.4K $12.00/SF
− Vacancy
−$2.3K −$0.72/SF
EGI
$36.1K $11.28/SF
− OpEx
−$12.6K −$3.95/SF
NOI
$23.5K $7.33/SF
Area
Parker County, TX
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,240
Cap Rate 7%
$335,171
Cap Rate 9%
$260,689
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76082, TX
21,514
Population
8,576
Households
2.5
Avg Household Size
40
Median Age
16%
College-Educated
87%
High-School Grad
102.8 sq mi
ZIP Area
209
Density / Sq Mi
$93,553
Median Household Income
$49,323
Median Earnings
$1,275
Median Rent
$277,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Heated and cooled business areas pair with insulated storage and a covered porch for varied commercial operations.
Where is this flex space located?
The property is located at 151 Morrow Rd 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: 3,200‑square‑foot commercial flex property built in 2004; Approximately 1,800 square feet of heated and cooled space; Additional 800+ square feet of insulated warehouse area
