Flex Space with Industrial
New
For Sale
$750,000
1600 FM 3433, Newark, TX 76071
Concrete construction, overhead access, office space, and auxiliary storage support varied commercial operations.
Property Size7,500 SF
Price / SF$100
Days on Market2
Property Features for 1600 FM 3433
General Information
Standard status
Active
Size
7,500 SF
Class
Class B
Property subtype
Industrial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Build-Out
1,300 SF
Amenities
kitchenette
half bath
Building Details
Construction
concrete
Listing Agency:
League Real Estate
(817) 523-9113
Listed By:
Rene Jensen · License #0655035
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Sep 1
Last Checked: Sep 1 at 9:39PM
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 League Real Estate
Investment Insights
Based on property information with market context.
This flex-space offering combines approximately 7,500 SF of Class B industrial improvements with an adjacent residential property. The main facility at 1600 FM 3433 has six overhead doors, approximately 1,300 SF of finished office area, a kitchenette, half bath, loft storage, industrial shelving, air-compressor plumbing connections, and structural beams prepared for crane equipment. Concrete construction, metal siding, an on-site water well, sewer service, and substantial parking further support the property’s operating functionality. A separate 20' x 50' shed provides five stalls and approximately 200 SF of finished space with electrical service.
The property is positioned along FM 3433, approximately 1,600 feet north of the FM 718 intersection. The offering also includes 1615 FM 3433, adding approximately 1.475 acres, two water wells, and three septic systems. A tenant’s lease expires in 2027, after which owner occupancy is identified as an option.
The property is positioned along FM 3433, approximately 1,600 feet north of the FM 718 intersection. The offering also includes 1615 FM 3433, adding approximately 1.475 acres, two water wells, and three septic systems. A tenant’s lease expires in 2027, after which owner occupancy is identified as an option.
Key Highlights
- Approximately 7,500 SF of Class B industrial improvements on approximately 0.337 acres
- Six overhead doors plus approximately 1,300 SF of finished office space
- 20' x 50' five‑stall shed with approximately 200 SF of finished, electrically equipped space
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
$48,436
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
6.46%
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%
$968,720
$968.7K
Cap Rate 7%
$691,943
$691.9K
Cap Rate 9%
$538,178
$538.2K
Market Conditions
NOI Build-Up for 7,500 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
$60.3K $8.04/SF
− Vacancy
−$3.3K −$0.44/SF
EGI
$57.0K $7.60/SF
− OpEx
−$8.5K −$1.14/SF
NOI
$48.4K $6.46/SF
Area
Wise County, TX
Vacancy
5.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$968,720
Cap Rate 7%
$691,943
Cap Rate 9%
$538,178
Alternative Uses
Best Use
Warehouse
$691.9K
$605.5K – $807.3K
NOI $48,436 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$569.8K
$498.6K – $664.8K
NOI $39,888 @ 7.0% cap · market cap 5.32%
Theoretical Best
Hotel Hospitality
$5.65M
$4.94M – $6.59M
NOI $395,438 @ 7.0% cap · market cap 52.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76071, TX
4,220
Population
1,579
Households
2.7
Avg Household Size
37
Median Age
16%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
474
Density / Sq Mi
$102,654
Median Household Income
$53,084
Median Earnings
$1,253
Median Rent
$286,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete construction, overhead access, office space, and auxiliary storage support varied commercial operations.
Where is this flex space located?
The property is located at 1600 FM 3433 Newark, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 7,500 SF of Class B industrial improvements on approximately 0.337 acres; Six overhead doors plus approximately 1,300 SF of finished office space; 20' x 50' five‑stall shed with approximately 200 SF of finished, electrically equipped space
