Manufacturing Property with NNN
For Sale
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200 Luxton Street, Fort Worth, TX 76104
Fort Worth industrial asset occupied under a 27-year weighted average lease term.
Property Size97,500 SF
Price / SF$119.59
Days on Market17
Property Features for 200 Luxton Street
General Information
Standard status
Active
Size
97,500 SF
Property subtype
Industrial
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$795,905
Building Details
Year Built
1950
Units
1
Tenancy
Single
Listing Agency:
Newmark - Dallas
Listed By:
Jerry Hopkins · License #TX 802595
(918) 809-9616
Source:
Crexi
Added: Aug 18
Changed: Sep 2
Last Checked: Sep 3 at 8:42AM
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 Newmark - Dallas
Investment Insights
Based on property information with market context.
This manufacturing property at 200 Luxton Street in Fort Worth, Texas, contains 97,500 square feet and was built in 1950. The asset is offered with an NNN lease structure and a 27-year weighted average lease term, providing a defined contractual framework for the investment. The property is located in the 76104 ZIP code.
Key Highlights
- 97,500‑square‑foot manufacturing property
- 27‑year WALT with an NNN lease structure
- Built in 1950
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
$615,192
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
5.28%
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%
$12,303,840
$12.3M
Cap Rate 7%
$8,788,457
$8.8M
Cap Rate 9%
$6,835,467
$6.8M
Market Conditions
NOI Build-Up for 97,500 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
$971.1K $9.96/SF
− Vacancy
−$92.3K −$0.95/SF
EGI
$878.8K $9.01/SF
− OpEx
−$263.7K −$2.70/SF
NOI
$615.2K $6.31/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
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%
$12,303,840
Cap Rate 7%
$8,788,457
Cap Rate 9%
$6,835,467
Alternative Uses
Best Use
Industrial
$8.79M
$7.69M – $10.25M
NOI $615,192 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$35.42M
$30.99M – $41.32M
NOI $2,479,230 @ 7.0% cap · market cap 21.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Fort Worth industrial asset occupied under a 27-year weighted average lease term.
Where is this manufacturing property located?
The property is located at 200 Luxton Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $11,660,000.
What are key features of this property?
This property features: 97,500‑square‑foot manufacturing property; 27‑year WALT with an NNN lease structure; Built in 1950
