Flex Space with Shop
For Sale
$499,999
Pending
15193 Robin Road, Haslet, TX 76052
Land, Haslet, TX
Property Size1,500 SF
Lot Size4.85 Acres
Days on Market54
Property Features for 15193 Robin Road
General Information
Property type
Land
Property subtype
Other
Zoning description
Outside city limits with no zoning restrictions and no HOA. This property offers max flexibility for residential, agricultural, or business use, giving you the freedom to build, operate, or customize without city limitations.
Parking features
RV
Vegetation
Brush, Grassed, Wooded
Subdivision
Songbird Add
Lot features
Acreage, Many Trees
Elementary school
Hatfield
Middle school
Pike
High school
Northwest
Elementary school district
Northwest ISD
Middle school district
Northwest ISD
High school district
Northwest ISD
Directions
GPS
Standard status
Pending
APN
R81955
Lot size
4.85 Acres
Taxes and HOA fees
Tax Description
SONGBIRD ADDN LOT 37 OLD DCAD AB 1245 TR #37
Tax Annual Amount
5677
Legal Description
SONGBIRD ADDN LOT 37 OLD DCAD AB 1245 TR #37
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shop
fencing
double gate entrance
culvert
Building Details
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
The Whiting Group
(817) 913-2116
Listed By:
Prince Whiting IV · License #0700946
(512) 623-9063
Added: Jul 12
Changed: Aug 20
Last Checked: Sep 3 at 4:06PM
MLS# 21185691
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.
This 4.847-acre property includes a 30-by-50-foot shop with two 14-foot overhead doors and approximately 3,100 square feet of concrete parking. Part of the building has been finished as office space with spray foam insulation, LVP flooring, a 2-ton mini split, and a full bathroom with shower. The shop is served by electric, public water, and septic, with central heating and air conditioning listed for the property.
Located outside city limits, the tract has no HOA and no restrictions according to the property information. Recent site work includes fencing on two sides, a double-gate entry, and a culvert. The property is in Haslet, is zoned to Northwest ISD, and is near major highways and everyday amenities. RV parking is also listed among the site features.
Located outside city limits, the tract has no HOA and no restrictions according to the property information. Recent site work includes fencing on two sides, a double-gate entry, and a culvert. The property is in Haslet, is zoned to Northwest ISD, and is near major highways and everyday amenities. RV parking is also listed among the site features.
Key Highlights
- 4.847‑acre tract in Haslet, TX
- 30x50 shop with two 14 foot overhead doors
- Approximately 3,100 square feet of concrete parking
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
$25,920
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
5.18%
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%
$518,400
$518.4K
Cap Rate 7%
$370,286
$370.3K
Cap Rate 9%
$288,000
$288.0K
Market Conditions
NOI Build-Up for 1,500 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
$46.1K $30.72/SF
− Vacancy
−$11.5K −$7.68/SF
EGI
$34.6K $23.04/SF
− OpEx
−$8.6K −$5.76/SF
NOI
$25.9K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$518,400
Cap Rate 7%
$370,286
Cap Rate 9%
$288,000
Alternative Uses
Best Use
Office B
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 5.18%
Second Best
Mixed Use
$248.8K
$217.7K – $290.3K
NOI $17,415 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 76052, TX
26,675
Population
10,050
Households
2.7
Avg Household Size
33
Median Age
50%
College-Educated
97%
High-School Grad
41.5 sq mi
ZIP Area
643
Density / Sq Mi
$144,812
Median Household Income
$69,361
Median Earnings
$2,124
Median Rent
$421,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Rural commercial tract with an existing shop, finished office area, utilities, fencing, and gated access.
Where is this residential land & home lot located?
The property is located at 15193 Robin Road Haslet, TX.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 4.847‑acre tract in Haslet, TX; 30x50 shop with two 14 foot overhead doors; Approximately 3,100 square feet of concrete parking
