Flex Space with Boarding
For Sale
$500,000
16396 N Hollyhock North Ave, Gardendale, TX 79758
Adaptable commercial facility with kennel areas, warehouse capacity, office space, and customer-facing improvements.
Property Size6,160 SF
Price / SF$81.17
Days on Market47
Property Features for 16396 N Hollyhock North Ave
General Information
Standard status
Active
Size
6,160 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1964
Construction
steel frame, concrete block, metal siding
Listing Agency:
Keller Williams Realty
Listed By:
Jordan Linnenkugel · License #0685556
(432) 934-4244
Source:
Raftercrossrealty
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 7 at 4:21PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 6,160-square-foot flex property, constructed in 1964, is configured for animal boarding and related commercial services. More than 20 kennels provide indoor and outdoor access, concrete floors, and turf runs. The finished area includes a reception lobby, private offices, work areas, and a dedicated room suitable for grooming or other pet services.
A warehouse area exceeding 2,000 square feet adds operational flexibility, with bay doors and a loading dock. The site also includes a large paved parking lot. Construction incorporates steel framing, concrete block, metal siding, and a metal roof. Located at 16396 N Hollyhock North Ave in Gardendale, the property offers access to Midland, Odessa, and the surrounding Permian Basin. The source also identifies a potential purchase of 4-6 connected acres in conjunction with the property.
A warehouse area exceeding 2,000 square feet adds operational flexibility, with bay doors and a loading dock. The site also includes a large paved parking lot. Construction incorporates steel framing, concrete block, metal siding, and a metal roof. Located at 16396 N Hollyhock North Ave in Gardendale, the property offers access to Midland, Odessa, and the surrounding Permian Basin. The source also identifies a potential purchase of 4-6 connected acres in conjunction with the property.
Key Highlights
- More than 20 boarding kennels with indoor and outdoor access
- Over 2,000 square feet of warehouse space
- Bay doors and a loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,519
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,380
$770.4K
Cap Rate 7%
$550,271
$550.3K
Cap Rate 9%
$427,989
$428.0K
Market Conditions
NOI Build-Up for 6,160 SF
Gross rent
$49.5K $8.04/SF
− Vacancy
−$4.2K −$0.68/SF
EGI
$45.3K $7.36/SF
− OpEx
−$6.8K −$1.10/SF
NOI
$38.5K $6.25/SF
Area
Ector County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,380
Cap Rate 7%
$550,271
Cap Rate 9%
$427,989
Alternative Uses
Best Use
Warehouse
$550.3K
$481.5K – $642.0K
NOI $38,519 @ 7.0% cap · market cap 7.70%
Second Best
Industrial
$453.2K
$396.5K – $528.7K
NOI $31,722 @ 7.0% cap · market cap 6.34%
Theoretical Best
Multifamily LT 5
$69.06M
$60.43M – $80.57M
NOI $4,834,390 @ 7.0% cap · market cap 966.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79758, TX
2,898
Population
1,011
Households
2.9
Avg Household Size
39
Median Age
15%
College-Educated
89%
High-School Grad
50.6 sq mi
ZIP Area
57
Density / Sq Mi
$120,721
Median Household Income
$81,368
Median Earnings
$1,609
Median Rent
$360,400
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 - Adaptable commercial facility with kennel areas, warehouse capacity, office space, and customer-facing improvements.
Where is this flex space located?
The property is located at 16396 N Hollyhock North Ave Gardendale, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: More than 20 boarding kennels with indoor and outdoor access; Over 2,000 square feet of warehouse space; Bay doors and a loading dock
