Adaptable Flex
151 Morrow Road, Springtown, TX 76082
For Sale
$400,000
CommercialSale, Springtown, TX
Property Size3,200 SF
Lot Size0.50 Acres
Price / SF$125
Days on Market126
Property Features for 151 Morrow Road
General Information
Property type
Property subtype
Zoning description
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
CENTURY 21 Judge Fite Co. · Century 21 Real Estate
(817) 731-8667
Listed By:
Cassy Nutt
(214) 920-9611
Added: Jul 10
Changed: Oct 28
Last Checked: Nov 12 at 2:06PM
MLS# 21310801
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.
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Investment Insights
Based on property information with market context.
This 2004 flex property combines heated and cooled commercial space with an insulated warehouse area and a covered porch. The layout supports office functions, customer-facing retail, service operations, distribution, light industrial activity, storage, equipment handling, or a combination of uses. Interior finishes include concrete, carpet, and tile flooring, while central electric heating and cooling serve the conditioned areas. The building also features a metal roof, concrete construction elements, and metal siding.
The property sits 500 feet off SH-199 between Azle and Springtown, providing access from a regional highway corridor. The site encompasses 0.5 acres and includes open, garage, oversized, and driveway parking features. A septic tank serves the property. The covered exterior area adds space for outdoor operations, customer pickup, or equipment storage.
The property sits 500 feet off SH-199 between Azle and Springtown, providing access from a regional highway corridor. The site encompasses 0.5 acres and includes open, garage, oversized, and driveway parking features. A septic tank serves the property. The covered exterior area adds space for outdoor operations, customer pickup, or equipment storage.
Key Highlights
- Flex property built in 2004
- 0.5‑acre commercial site
- 500 feet off SH‑199 between Azle and Springtown
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
Office B
$579.7K
$507.3K – $676.4K
NOI $40,582 @ 7.0% cap · market cap 10.15%
Second Best
Flex RnD
$335.2K
$293.3K – $391.0K
NOI $23,462 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$803.8K
$703.3K – $937.8K
NOI $56,267 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
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
$277,900
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Parker County, TX
Properties on Market for Flex space in Parker County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Metal-sided commercial facility combining conditioned work areas, warehouse space, and a covered porch for varied business operations.
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: Flex property built in 2004; 0.5‑acre commercial site; 500 feet off SH‑199 between Azle and Springtown
