New Mini Industrial Flex
For Sale
$4,850,000
17332 Gaffield Road, Justin, TX 76247
COMMERCIAL - Justin, TX
Property Size36,000 SF
Lot Size2.34 Acres
Price / SF$134.72
Days on Market94
Property Features for 17332 Gaffield Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Mini Industrial Park
Parking features
Secured
Security features
Security
Subdivision
Hanby View Estates
Lot features
Level
Directions
FM 156 aka Blue Mound Rd to Gaffield Rd to property on the left
Standard status
Active
APN
R87619
Lot size
2.34 Acres
Taxes and HOA fees
Tax Description
HANBY VIEW ESTATES LOT 22 SN#1 EMCOKS28641046
Tax Annual Amount
2860
Legal Description
HANBY VIEW ESTATES LOT 22 SN#1 EMCOKS28641046
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Building Details
Year built
2026
Floors in Building
1
Number of units
24
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 519-7431
Listed By:
Mark Anderson · License #0669551
(888) 519-7431
Added: Apr 29
Changed: Jul 30
Last Checked: Jul 31 at 9:06PM
MLS# 21227912
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.
Investment Insights
Based on property information with market context.
A brand-new mini industrial park currently in pre-leasing and under construction, featuring six individual buildings with a total of 36,000 square feet. Each building is 6,000 square feet and can be divided into up to four separate 1,500 square foot flex industrial units, creating a total of 24 flexible bays across the project. The developer is offering build-to-suit options for customized layouts, designed for tenants that need smaller, efficient footprints within a modern, low-maintenance setting. The park is positioned as a triple-net offering with base rent plus NNN charges.
The property is located at 17332 Gaffield Road in Justin, Texas (Denton County), and is being marketed as a modern, secure industrial setting. The project’s gated security and planned operation within the mini-park format are intended to support a controlled tenant environment.
This asset can work well for investors seeking an NNN industrial structure backed by multiple small-bay opportunities, with projected gross income of $500,000 to $540,000 at full occupancy. For tenants, the ability to lease and arrange space within smaller flex bays, combined with build-to-suit customization, offers a practical path to tailoring operations without committing to a larger standalone facility.
The property is located at 17332 Gaffield Road in Justin, Texas (Denton County), and is being marketed as a modern, secure industrial setting. The project’s gated security and planned operation within the mini-park format are intended to support a controlled tenant environment.
This asset can work well for investors seeking an NNN industrial structure backed by multiple small-bay opportunities, with projected gross income of $500,000 to $540,000 at full occupancy. For tenants, the ability to lease and arrange space within smaller flex bays, combined with build-to-suit customization, offers a practical path to tailoring operations without committing to a larger standalone facility.
Key Highlights
- Brand‑new mini industrial park with 6 buildings totaling 36,000 SF
- Each 6,000 SF building is divisible into up to four 1,500 SF flex bays (up to 24 total bays)
- Pre‑leasing now; developer will build to suit with customized layouts for tenants
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.4k | $8.04 |
| − Vacancy | −$25.5k | −$0.71 |
| EGI | $264.0k | $7.33 |
| − OpEx | −$39.6k | −$1.10 |
| NOI | $224.4k | $6.23 |
36,000 SF · lease $8.04/SF/yr · vacancy 8.80% · expense 15.00%
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
Multifamily LT 5
$503.44M
$440.51M – $587.35M
NOI $35,240,751 @ 7.0% cap · market cap 726.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Brand-new gated mini-park offers divisible flex bays with build-to-suit customization under triple-net terms.
Where is this flex space located?
The property is located at 17332 Gaffield Road 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: Brand‑new mini industrial park with 6 buildings totaling 36,000 SF; Each 6,000 SF building is divisible into up to four 1,500 SF flex bays (up to 24 total bays); Pre‑leasing now; developer will build to suit with customized layouts for tenants
