Building Details

Floors in Building 2

Number of units 1

Flooring type Vinyl, Concrete

Building materials AluminumSiding, MetalSiding

Roof type Metal

Listing Agency: League Real Estate m***@leaguere.com Show Phone

Listed By: Kalyn Mckittrick · License #0655035 Show Phone

Added: Aug 31 Changed: Sep 15 Last Checked: Oct 17 at 5:06AM

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MLS# 21374374

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 flex-space offering includes approximately 7,500 SF of Class B industrial improvements on approximately 0.337 acres at 1600 FM 3433. The concrete building has metal siding, six overhead doors, approximately 1,300 SF of finished office area, a kitchenette, half bath, loft space, industrial shelving, air-compressor plumbing connections, and crane-ready structural beams. A separate 20' x 50' five-stall shed adds approximately 200 SF of finished, electrically equipped space for storage, workspace, or fleet-related needs.

The property includes an on-site water well and septic service, with vinyl and concrete flooring, central heating, central air, and a metal roof. The offering also includes 1615 FM 3433, contributing approximately 1.475 acres, two water wells, and three septic systems. The facility is positioned along FM 3433 approximately 1,600 feet north of the FM 718 intersection, and the current tenant's lease expires in 2027.

Key Highlights

• Approximately 7,500 SF of Class B industrial improvements
• Six overhead doors and approximately 1,300 SF of finished office space
• 20' x 50' five‑stall shed with approximately 200 SF of finished space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,436

Cap Rate

6.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,720 $968.7K

Cap Rate 7%

$691,943 $691.9K

Cap Rate 9%

$538,178 $538.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,500 SF

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 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 (±1% cap)

NOI $48,436 @ 7.0% cap · market cap 6.46%

Second Best

Industrial

$569.8K

$498.6K – $664.8K (±1% cap)

NOI $39,888 @ 7.0% cap · market cap 5.32%

Theoretical Best

Hotel Hospitality

$5.65M

$4.94M – $6.59M (±1% cap)

NOI $395,438 @ 7.0% cap · market cap 52.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store HVAC Service Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Industrial facility with office areas, storage improvements, and infrastructure suited to 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; Six overhead doors and approximately 1,300 SF of finished office space; 20' x 50' five‑stall shed with approximately 200 SF of finished space