Flex Space with Gravel
For Sale
Contact for pricing
1817 Bomar Ave, Fort Worth, TX 76103
Light industrial zoned flex space with a gravel yard and multiple structures.
Property Size19,360 SF
Lot Size4.27 Acres
Price / SF$142.05
Days on Market189
Property Features for 1817 Bomar Ave
General Information
Standard status
Active
Size
19,360 SF
Lot size
4.27 Acres
Property subtype
INDUSTRIAL
Zoning
I
Amenities
gravel yard
Listing Agency:
LanCarte Commercial
(817) 409-4040
Listed By:
Sarah LanCarte · License #601090
(817) 228-4247
Source:
Moodyscre
Added: Mar 11
Changed: Sep 12
Last Checked: Sep 14 at 10:53AM
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 LanCarte Commercial
Investment Insights
Based on property information with market context.
Flex space on a 4.27-acre site with a gravel yard and approximately 19,360 SF across multiple structures. The property is zoned I (Light Industrial), supporting a range of light industrial uses.
The parcel is set up for outdoor material and equipment storage with its gravel yard, while the multiple structures provide flexibility for different operational needs. The site’s zoning is I (Light Industrial).
Overall, this is a light-industrial flex offering that combines indoor space in multiple buildings with an outdoor gravel yard, sized at approximately 19,360 SF on 4.27 acres.
The parcel is set up for outdoor material and equipment storage with its gravel yard, while the multiple structures provide flexibility for different operational needs. The site’s zoning is I (Light Industrial).
Overall, this is a light-industrial flex offering that combines indoor space in multiple buildings with an outdoor gravel yard, sized at approximately 19,360 SF on 4.27 acres.
Key Highlights
- Approximately 19,360 SF across multiple structures
- 4.27‑acre site with gravel yard
- Zoned I (Light Industrial)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$157,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,143,240
$3.1M
Cap Rate 7%
$2,245,171
$2.2M
Cap Rate 9%
$1,746,244
$1.7M
Market Conditions
NOI Build-Up for 19,360 SF
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.
Gross rent
$267.2K $13.80/SF
− Vacancy
−$25.4K −$1.31/SF
EGI
$241.8K $12.49/SF
− OpEx
−$84.6K −$4.37/SF
NOI
$157.2K $8.12/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,143,240
Cap Rate 7%
$2,245,171
Cap Rate 9%
$1,746,244
Alternative Uses
Best Use
Flex RnD
$2.25M
$1.96M – $2.62M
NOI $157,162 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$1.75M
$1.53M – $2.04M
NOI $122,155 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$7.03M
$6.15M – $8.20M
NOI $492,286 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76103, TX
15,394
Population
6,040
Households
2.5
Avg Household Size
36
Median Age
19%
College-Educated
69%
High-School Grad
6.1 sq mi
ZIP Area
2,524
Density / Sq Mi
$55,183
Median Household Income
$32,931
Median Earnings
$1,119
Median Rent
$186,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial zoned flex space with a gravel yard and multiple structures.
Where is this flex space located?
The property is located at 1817 Bomar Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approximately 19,360 SF across multiple structures; 4.27‑acre site with gravel yard; Zoned I (Light Industrial)
