Industrial Property on 1.87
For Sale
Contact for pricing
2970 Suffolk Drive, Fort Worth, TX 76133
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 Market167
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
Changed: Jul 6
Last Checked: Jul 30 at 2:59PM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
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
Properties on Market for Industrial properties in Fort Worth
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
