Flex Space with Dock
For Sale
$1,200,000
213 Valley Ln, Kennedale, TX 76060
Configured for warehouse, production, office, storage, and truck-loading operations with private parking and a fenced rear yard.
Property Size9,600 SF
Price / SF$125
Days on Market34
Property Features for 213 Valley Ln
General Information
Standard status
Active
Size
9,600 SF
Additional Details
Fenced Yard
Yes
Amenities
breakroom
Building Details
Year Built
1972
Building Size
9,600 SF
Listing Agency:
Realty Of America, LLC
(512) 788-9495
Listed By:
Carmen Wilson · License #0818358
Source:
Yourdavisteam
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 28 at 8:19PM
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 Realty Of America, LLC
Investment Insights
Based on property information with market context.
This flex property combines warehouse, production, and office components within a functional commercial layout. Approximately 7,040 square feet includes central heat and air. The warehouse provides bay-door access and dock-height loading, while the production area adds two more bay doors. Separate men’s and women’s restrooms serve the facility, and the office portion includes multiple private offices, a large breakroom, and additional storage.
Exterior features include a private parking lot, fenced rear yard, and space for delivery trucks to maneuver during loading and unloading. The property also has a new roof and HVAC system. Built in 1972, the facility is located at 213 Valley Ln in Kennedale, Texas.
Exterior features include a private parking lot, fenced rear yard, and space for delivery trucks to maneuver during loading and unloading. The property also has a new roof and HVAC system. Built in 1972, the facility is located at 213 Valley Ln in Kennedale, Texas.
Key Highlights
- Approximately 7,040 sq ft with central heat and air
- Warehouse includes bay‑door access and dock‑height loading
- Production area has two additional bay doors
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
$105,431
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
8.79%
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%
$2,108,620
$2.1M
Cap Rate 7%
$1,506,157
$1.5M
Cap Rate 9%
$1,171,456
$1.2M
Market Conditions
NOI Build-Up for 9,600 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
$184.3K $19.20/SF
− Vacancy
−$22.1K −$2.30/SF
EGI
$162.2K $16.90/SF
− OpEx
−$56.8K −$5.91/SF
NOI
$105.4K $10.98/SF
Area
Tarrant County, TX
Vacancy
12.00%
Lease Rate
$19.20 /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%
$2,108,620
Cap Rate 7%
$1,506,157
Cap Rate 9%
$1,171,456
Alternative Uses
Best Use
Office B
$2.37M
$2.07M – $2.76M
NOI $165,888 @ 7.0% cap · market cap 13.82%
Second Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,431 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$3.38M
$2.95M – $3.94M
NOI $236,390 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Configured for warehouse, production, office, storage, and truck-loading operations with private parking and a fenced rear yard.
Where is this flex space located?
The property is located at 213 Valley Ln Kennedale, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 7,040 sq ft with central heat and air; Warehouse includes bay‑door access and dock‑height loading; Production area has two additional bay doors
