Listing Agency: Team & Vasseur Commercial Real Estate Show Phone

Listed By: Chris L. Stewart · License #TX 0251723 Show Phone

Source: Moodyscre

Added: Feb 17 Changed: Oct 26 Last Checked: Oct 30 at 5:41PM

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Investment Insights

Based on property information with market context.

This property offers 19,875 SF (+/-) of industrial/flex space configured as multiple suites. There are five 3,000 SF (+/-) suites and one 4,875 SF (+/-) suite, with each suite featuring grade-level roll-up doors and HVAC in the office areas.

The site includes an additional 1 acre (+/-) of fenced storage, supporting flexibility for storage and light industrial use. Tenants are currently on a month-to-month basis. Zoning is “J” medium industrial.

For buyers seeking an owner-user or investment setup, the multi-suite configuration and separate roll-up door access are practical for a range of occupancy strategies within the existing industrial layout.

Key Highlights

• 19,875 SF (+/-) industrial building on 1.87 acres (+/-) zoned “J” medium industrial (Per TAD)
• Five (5) suites, each about 3,000 SF (+/-), plus one (1) 4,875 SF (+/-) suite
• Each suite has grade‑level roll‑up doors and HVAC in the office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$150,684

Cap Rate

4.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,013,680 $3.0M

Cap Rate 7%

$2,152,629 $2.2M

Cap Rate 9%

$1,674,267 $1.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,875 SF

Gross rent

$257.6K $12.96/SF

− Vacancy

−$25.8K −$1.30/SF

EGI

$231.8K $11.66/SF

− OpEx

−$81.1K −$4.08/SF

NOI

$150.7K $7.58/SF

Area

ZIP 76133

Vacancy

10.00%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,013,680

Cap Rate 7%

$2,152,629

Cap Rate 9%

$1,674,267

Alternative Uses

Best Use

Flex RnD

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,684 @ 7.0% cap · market cap 4.31%

Second Best

Warehouse

$1.97M

$1.72M – $2.29M (±1% cap)

NOI $137,600 @ 7.0% cap · market cap 3.93%

Theoretical Best

Office A

$5.93M

$5.19M – $6.92M (±1% cap)

NOI $415,190 @ 7.0% cap · market cap 11.86%

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

Elite Automotive Solutions ... Auto Repair Shop GSR Motorsports Auto Repair Shop Eagle Fleet Solutions Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Center

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

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

455

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 76133, TX

51,811

Population

20,080

Households

2.6

Avg Household Size

36

Median Age

28%

College-Educated

86%

High-School Grad

9.3 sq mi

ZIP Area

5,571

Density / Sq Mi

$71,722

Median Household Income

$42,409

Median Earnings

$1,399

Median Rent

$223,200

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

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Frequently Asked Questions

What type of property is this?

Flex space - 19,875 SF industrial building on 1.87 acres with five grade-level roll-up door suites and fenced storage.

Where is this flex space 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: 19,875 SF (+/-) industrial building on 1.87 acres (+/-) zoned “J” medium industrial (Per TAD); Five (5) suites, each about 3,000 SF (+/-), plus one (1) 4,875 SF (+/-) suite; Each suite has grade‑level roll‑up doors and HVAC in the office