New Industrial Asset For
17345 Gaffield Rd Justin, TX 76247
17345 Gaffield Rd, Justin, TX, 76247
$2,875,000
For Sale
$2,875,000
Five-building industrial asset with highway access in high-demand submarket.
Property Size22,900 SF
Lot Size2.35 Acres
Price / SF$125.55
Days on Market47
Property Features for 17345 Gaffield Rd
General Information
- Standard status
- Active
- Size
- 22,900 SF
- Lot size
- 2.35 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 2023
Listing Agency
Marcus & Millichap | Dallas
(972) 755-5154
Listed by
Cole Collins · License #License(s): TX: 783678
(972) 755-5154
Source
Marcusmillichap
Added: Jun 1 Checked: Jul 16 at 11:11 am
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 Marcus & Millichap | Dallas
Investment Insights
Based on property information with market context.
This five-building shallow-bay industrial asset, delivered in 2023, spans 22,900 square feet on 2.35 acres. It features 32 grade-level doors and a 20' clear height, facilitating efficient storage and operations. Ample on-site parking is available. The property offers a value-add opportunity for investors to convert short-term, below-market gross leases to long-term triple-net terms at market rate, potentially increasing revenue and value. Its location provides immediate access to State Highway 114 and Interstate 35 West, offering strong connectivity throughout the Dallas-Fort Worth metroplex, advantageous for businesses requiring easy transportation of goods. Situated in the high-demand NE Tarrant/Alliance submarket, the property benefits from a decreasing vacancy rate. As of Q1 2026, the vacancy rate was 7.7 percent, a decrease of 6.0 percentage points since Q1 2024 and 120 basis points below the market average. The area's concentration of major distribution centers and logistics hubs makes it suitable for industrial users needing access to a skilled workforce. The demand for industrial space in this submarket is expected to continue due to e-commerce growth and the need for efficient logistics.
Key Highlights
- Strategic location with immediate access to State Highway 114 and Interstate 35 West, providing strong connectivity throughout the Dallas‑Fort Worth metroplex.
- Value‑add opportunity to convert short‑term, below‑market gross leases to long‑term triple‑net terms at market rate.
- Located in the high‑demand NE Tarrant/Alliance submarket with a low vacancy rate (7.7% as of Q1 2026) that is below the market average.
Local 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 | $184.1k | $8.04 |
| − Vacancy | −$16.2k | −$0.71 |
| EGI | $167.9k | $7.33 |
| − OpEx | −$25.2k | −$1.10 |
| NOI | $142.7k | $6.23 |
22,900 SF · lease $8.04/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.04M
$1.78M – $2.38M
NOI $142,727 @ 7.0% cap · market cap 4.96%
Second Best
Industrial
$1.68M
$1.47M – $1.96M
NOI $117,540 @ 7.0% cap · market cap 4.09%
Theoretical Best
Multifamily LT 5
$320.24M
$280.21M – $373.62M
NOI $22,417,033 @ 7.0% cap · market cap 779.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Covered Rv & Boat Storage — G Cardinas Rd, Justin, TX 76247
- Alliance Raceway Storage Center — 17176 FM156, Justin, TX 76247
- Speedway Storage — 16300 FM156, Justin, TX 76247
- Justin Storage, FM 156 S, Justin, TX — 16430 FM156, Justin, TX 76247
FAQs
What type of property is this?
Warehouse - Five-building industrial asset with highway access in high-demand submarket.
Where is this warehouse located?
The property is located at 17345 Gaffield Rd Justin, TX.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Strategic location with immediate access to State Highway 114 and Interstate 35 West, providing strong connectivity throughout the Dallas‑Fort Worth metroplex.; Value‑add opportunity to convert short‑term, below‑market gross leases to long‑term triple‑net terms at market rate.; Located in the high‑demand NE Tarrant/Alliance submarket with a low vacancy rate (7.7% as of Q1 2026) that is below the market average.
