Gated Flex Space with
For Sale
$524,900
Pending
1520 Southeast Parkway, Azle, TX 76020
CommercialSale, Azle, TX
Property Size4,180 SF
Lot Size0.76 Acres
Days on Market51
Property Features for 1520 Southeast Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Heavy Commercial
Parking features
Garage, Open, Gated
Security features
Security
Subdivision
CASTLE HILLS ESTATES LOT 17A
Lot features
Back Yard, Lawn, Many Trees
Directions
SEE GPS.
Standard status
Pending
APN
00453390
Size
4,180 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Annual Amount
8083
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas, Zoned
Cooling system
Zoned, Central Air, Electric
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
2
Flooring type
Concrete, Tile, Vinyl
Building materials
MetalSiding
Roof type
Metal
Buildings
2
Listing Agency:
HH Realty
Listed By:
Michelle Herron
(469) 321-3468
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 30 at 11:06AM
MLS# 21364086
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 4,180-square-foot flex property combines office, workshop, and yard components on a 0.7639-acre site. The primary metal building includes a reception area, full bathroom, kitchenette, two private offices, and adaptable interior space for additional work or meeting functions. Its rear workshop measures approximately 45' X 40', has 12' ceilings, and is served by a 10' roll-up door.
A second metal building provides roughly 900 square feet, spray-foam insulation, and two 12' roll-up doors. The property also includes concrete slabs, gated and open parking, fenced access, metal roofing, public water, and public sewer. Zoned Heavy Commercial by the City of Azle, the site is located at 1520 Southeast Parkway with access to the frontage road near Jacksboro Highway.
Built in 1996, the buildings feature tile, vinyl, and concrete flooring, along with central, zoned heating and cooling. Natural gas heating and electric cooling are also present.
A second metal building provides roughly 900 square feet, spray-foam insulation, and two 12' roll-up doors. The property also includes concrete slabs, gated and open parking, fenced access, metal roofing, public water, and public sewer. Zoned Heavy Commercial by the City of Azle, the site is located at 1520 Southeast Parkway with access to the frontage road near Jacksboro Highway.
Built in 1996, the buildings feature tile, vinyl, and concrete flooring, along with central, zoned heating and cooling. Natural gas heating and electric cooling are also present.
Key Highlights
- 4,180‑square‑foot flex property on 0.7639 acres
- Main building includes reception, kitchenette, two private offices, and full bathroom
- Approximately 45' X 40' workshop with 12' ceilings and a 10' roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,648
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,960
$613.0K
Cap Rate 7%
$437,829
$437.8K
Cap Rate 9%
$340,533
$340.5K
Market Conditions
NOI Build-Up for 4,180 SF
Gross rent
$50.2K $12.00/SF
− Vacancy
−$3.0K −$0.72/SF
EGI
$47.2K $11.28/SF
− OpEx
−$16.5K −$3.95/SF
NOI
$30.6K $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%
$612,960
Cap Rate 7%
$437,829
Cap Rate 9%
$340,533
Alternative Uses
Best Use
Industrial
$4.15M
$3.63M – $4.85M
NOI $290,745 @ 7.0% cap · market cap 55.39%
Second Best
Flex RnD
$437.8K
$383.1K – $510.8K
NOI $30,648 @ 7.0% cap · market cap 5.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76020, TX
33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Secure, fenced commercial property with office accommodations, workshop capacity, and additional yard area for business operations.
Where is this flex space located?
The property is located at 1520 Southeast Parkway Azle, TX.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 4,180‑square‑foot flex property on 0.7639 acres; Main building includes reception, kitchenette, two private offices, and full bathroom; Approximately 45' X 40' workshop with 12' ceilings and a 10' roll‑up door
