New Flex Industrial
17332 Gaffield Rd, Justin, TX 76247
For Sale
$4,850,000
Pre-leasing flex space offers divisible bays, build-to-suit layouts, gated security, and NNN lease terms.
Property Size36,000 SF
Price / SF$134.72
Days on Market94
Property Features for 17332 Gaffield Rd
General Information
Standard status
Size
Amenities
gated security
Building Details
Year Built
Buildings
Listing Agency:
eXp Realty, LLC
Listed By:
Mark Anderson, Bernadine Neff Anderson · License TX #0669551
(817) 706-5468
Source:
Minteerteam
Added: Aug 11
Changed: Oct 26
Last Checked: Nov 10 at 12:50PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Under construction at 17332 Gaffield Road in Justin, Texas, this flex industrial park will comprise six buildings totaling 36,000 square feet. Each building is planned at 6,000 square feet and can be divided into as many as four 1,500-square-foot units, creating 24 potential flex bays across the project. Developer build-to-suit capability allows customized layouts for individual occupants.
The property is zoned Mini Industrial Park and is being offered for pre-leasing under triple-net lease terms. A gated design adds controlled access to the development, while the planned configuration supports a range of small-bay industrial and flex-space requirements. Completion is identified for 2026.
The property is zoned Mini Industrial Park and is being offered for pre-leasing under triple-net lease terms. A gated design adds controlled access to the development, while the planned configuration supports a range of small-bay industrial and flex-space requirements. Completion is identified for 2026.
Key Highlights
- Six‑building flex industrial park totaling 36,000 square feet
- Each building contains 6,000 square feet and can divide into up to four units
- Potential for 24 flex bays, with units as small as 1,500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,374
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,487,480
$4.5M
Cap Rate 7%
$3,205,343
$3.2M
Cap Rate 9%
$2,493,044
$2.5M
Market Conditions
NOI Build-Up for 36,000 SF
Gross rent
$289.4K $8.04/SF
− Vacancy
−$25.5K −$0.71/SF
EGI
$264.0K $7.33/SF
− OpEx
−$39.6K −$1.10/SF
NOI
$224.4K $6.23/SF
Area
Denton County, TX
Vacancy
8.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,487,480
Cap Rate 7%
$3,205,343
Cap Rate 9%
$2,493,044
Alternative Uses
Best Use
Warehouse
$3.21M
$2.80M – $3.74M
NOI $224,374 @ 7.0% cap · market cap 4.63%
Second Best
Industrial
$2.64M
$2.31M – $3.08M
NOI $184,778 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$12.66M
$11.08M – $14.77M
NOI $886,464 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 76247, TX
17,178
Population
6,610
Households
2.6
Avg Household Size
36
Median Age
34%
College-Educated
97%
High-School Grad
74.4 sq mi
ZIP Area
231
Density / Sq Mi
$123,173
Median Household Income
$61,878
Median Earnings
$2,070
Median Rent
$372,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Denton County, TX
Properties on Market for Flex space in Denton County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Pre-leasing flex space offers divisible bays, build-to-suit layouts, gated security, and NNN lease terms.
Where is this flex space located?
The property is located at 17332 Gaffield Rd Justin, TX.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Six‑building flex industrial park totaling 36,000 square feet; Each building contains 6,000 square feet and can divide into up to four units; Potential for 24 flex bays, with units as small as 1,500 square feet
