Building Details

Year Built 2018

Listing Agency: Magnorum Realty Services, LLC

Listed By: James McDonald Show Phone

Source: Magnorumrealty

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 3:51PM

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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 Magnorum Realty Services, LLC

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Investment Insights

Based on property information with market context.

Frontier Flex Park is a 32,366-square-foot flex property built in 2018 at 2602 Fort Worth Highway in Hudson Oaks. The property offers warehouse and retail space alongside flex suites, with grade-level overhead doors and options for office and restroom areas. Suite configurations are flexible.

The property also offers on-site parking and opportunities for building and monument signage. Contractor, service, retail, storage, and distribution uses are identified, subject to permitted use.

Key Highlights

• 32,366‑square‑foot flex property
• Built in 2018
• Grade‑level overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$225,068

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,501,360 $4.5M

Cap Rate 7%

$3,215,257 $3.2M

Cap Rate 9%

$2,500,756 $2.5M

What to ask about pricing

Market Conditions

NOI Build-Up for 32,366 SF

Gross rent

$291.3K $9.00/SF

− Vacancy

−$26.5K −$0.82/SF

EGI

$264.8K $8.18/SF

− OpEx

−$39.7K −$1.23/SF

NOI

$225.1K $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%

$4,501,360

Cap Rate 7%

$3,215,257

Cap Rate 9%

$2,500,756

Alternative Uses

Best Use

Industrial

$32.16M

$28.14M – $37.52M (±1% cap)

NOI $2,251,259 @ 7.0% cap · market cap 200,111.91%

Second Best

Retail

$7.44M

$6.51M – $8.68M (±1% cap)

NOI $520,784 @ 7.0% cap · market cap 46,291.91%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Locksmith Big Box & Wholesale Store Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

314

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 76087, TX

33,346

Population

13,290

Households

2.5

Avg Household Size

41

Median Age

40%

College-Educated

92%

High-School Grad

185.5 sq mi

ZIP Area

180

Density / Sq Mi

$108,499

Median Household Income

$59,622

Median Earnings

$1,775

Median Rent

$352,000

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

Similar For Sale Nearby

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3735 Fort Worth Hwy, Hudson Oaks, TX 76087

$1,995,000

4,800 SF

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2870 Fort Worth Hwy, Hudson Oaks, TX 76087

$7,131,521

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Frequently Asked Questions

What type of property is this?

Flex space - Configurable suites combine flex, warehouse, and retail space with options for offices and restrooms.

Where is this flex space located?

The property is located at 2602 Fort Worth Highway Hudson Oaks, TX.

What are key features of this property?

This property features: 32,366‑square‑foot flex property; Built in 2018; Grade‑level overhead doors