Industrial Property on 1.87
2970 Suffolk Drive Fort Worth, TX 76133
2970 Suffolk Drive, Fort Worth, TX, 76133
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For Sale
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19,750 SF industrial property for sale on 1.87 acres.
Property Size19,750 SF
Lot Size1.87 Acres
Price / SF$177.22
Days on Market150
Property Features for 2970 Suffolk Drive
General Information
- Standard status
- Active
- Size
- 19,750 SF
- Lot size
- 1.87 Acres
- Property subtype
- Industrial
Listing Agency
Team & Vasseur
Listed by
William Underwood · License #TX 00681249
Source
Crexi
Added: Feb 18 Checked: Jul 17 at 6:56 am
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 Team & Vasseur
Investment Insights
Based on property information with market context.
This industrial property offers approximately 19,750 square feet of space on a 1.87-acre lot. The property is suitable for either an owner-user or as an investment opportunity.
Key Highlights
- 19,750 SF (+/-) Industrial Space
- Situated on 1.87 Acres (+/-)
- Owner/User Opportunity
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.8k | $9.00 |
| − Vacancy | −$16.9k | −$0.86 |
| EGI | $160.9k | $8.15 |
| − OpEx | −$48.3k | −$2.44 |
| NOI | $112.6k | $5.70 |
19,750 SF · lease $9.00/SF/yr · vacancy 9.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.61M
$1.41M – $1.88M
NOI $112,605 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.89M
$5.16M – $6.88M
NOI $412,579 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Elite Automotive Solutions ...
Auto Repair Shop
GSR Motorsports
Auto Repair Shop
Eagle Fleet Solutions
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - 19,750 SF industrial property for sale on 1.87 acres.
Where is this industrial property located?
The property is located at 2970 Suffolk Drive Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 19,750 SF (+/-) Industrial Space; Situated on 1.87 Acres (+/-); Owner/User Opportunity
