Building Details

Year Built 2026

Tenancy Multi

Listing Agency: J L Williams Co. Show Phone

Listed By: Jayson Williams · License #0511372 Show Phone

Source: Lonestarluxuryrealty

Added: Jul 20 Changed: Oct 9 Last Checked: Oct 19 at 10:52AM

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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 J L Williams Co.

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Investment Insights

Based on property information with market context.

This flex warehouse property offers multiple office and warehouse suites available for sale, with sizes ranging from 1,250 SF up to 5,000 SF. Each suite includes insulated overhead doors sized 12' x 12', as well as glass entry doors. A finish-out allowance is available to support improvements based on the selected suite configuration.

Suites are designed to combine office functionality with warehouse utility, making the property suitable for tenants needing a blend of working space and customer-facing or administrative entry. Layout details beyond the door and entry components are not provided in the listing information.

For buyers evaluating flexible operational needs across different suite sizes, the building’s door and entry features, along with the available finish-out support, provide a practical starting point for customization.

Key Highlights

• Multiple office and warehouse suites available
• Suites range from 1,250 SF up to 5,000 SF
• Insulated overhead 12' x 12' doors with glass entry doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,769

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,380 $695.4K

Cap Rate 7%

$496,700 $496.7K

Cap Rate 9%

$386,322 $386.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$45.0K $9.00/SF

− Vacancy

−$4.1K −$0.82/SF

EGI

$40.9K $8.18/SF

− OpEx

−$6.1K −$1.23/SF

NOI

$34.8K $6.95/SF

Area

Parker County, TX

Vacancy

9.10%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,380

Cap Rate 7%

$496,700

Cap Rate 9%

$386,322

Alternative Uses

Best Use

Industrial

$4.97M

$4.35M – $5.80M (±1% cap)

NOI $347,781 @ 7.0% cap · market cap 23,185.40%

Second Best

Flex RnD

$523.7K

$458.3K – $611.0K (±1% cap)

NOI $36,660 @ 7.0% cap · market cap 2,444.00%

Theoretical Best

—

—

same as Best Use

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 Big Box & Wholesale Store Plumbing Service Storage Facility Building Supply Clothing & Fashion Store Home Appliance Store

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 76008, TX

21,844

Population

8,127

Households

2.7

Avg Household Size

36

Median Age

59%

College-Educated

98%

High-School Grad

81.5 sq mi

ZIP Area

268

Density / Sq Mi

$160,778

Median Household Income

$72,401

Median Earnings

$2,577

Median Rent

$456,700

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

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Frequently Asked Questions

What type of property is this?

Flex space - Multiple office and warehouse suites with insulated overhead doors, glass entry doors, and potential for finish-out allowance.

Where is this flex space located?

The property is located at 1803 E Fm 1187 Aledo, TX.

What are key features of this property?

This property features: Multiple office and warehouse suites available; Suites range from 1,250 SF up to 5,000 SF; Insulated overhead 12' x 12' doors with glass entry doors