Flex Space with
New
For Sale
$545,000
3013 Joyce Drive, Fort Worth, TX 76116
Flexible office, showroom, studio, and light industrial property with gated access and a detached garage-shop building.
Property Size3,017 SF
Price / SF$180.64
Days on Market3
Property Features for 3013 Joyce Drive
General Information
Standard status
Active
Size
3,017 SF
Property subtype
Industrial
Zoning
I Light Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
3,107 SF
Year Built
1985
Listing Agency:
Winters Legacy Realty
Listed By:
Melanie MacDonald
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 11:06AM
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 Winters Legacy Realty
Investment Insights
Based on property information with market context.
3013 Joyce Drive is a flex space property combining office, showroom, studio, warehouse, and light industrial functionality. The approximately 3,017-square-foot main building includes a 22 x 29 front workroom with abundant natural light, an approximately 40 x 29 warehouse and shop area with grade-level roll-up door access, private offices, open workspace, storage rooms, and two restrooms. Large open rooms, wood flooring, and interior viewing windows contribute to a flexible layout. Built in 1985, the property is zoned I Light Industrial and includes designated front parking, gated private access, and power access.
A detached approximately 18 x 33 garage and shop building provides two additional roll-up doors and workspace or storage potential. The property is located just off Alta Mere Drive, with access to I-30 and Loop 820. Stated potential applications include creative studios, print and design operations, light manufacturing, showroom concepts, automotive support services, fitness or training uses, and owner-user industrial operations.
A detached approximately 18 x 33 garage and shop building provides two additional roll-up doors and workspace or storage potential. The property is located just off Alta Mere Drive, with access to I-30 and Loop 820. Stated potential applications include creative studios, print and design operations, light manufacturing, showroom concepts, automotive support services, fitness or training uses, and owner-user industrial operations.
Key Highlights
- Approximately 3,017 SF main building with office, showroom, studio, warehouse, and light industrial functionality
- 22 x 29 front workroom with abundant natural light
- Approximately 40 x 29 warehouse and shop area with grade‑level roll‑up door access
Financial Insights For Flex RnD
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 | $41.6k | $13.80 |
| − Vacancy | −$4.0k | −$1.31 |
| EGI | $37.7k | $12.49 |
| − OpEx | −$13.2k | −$4.37 |
| NOI | $24.5k | $8.12 |
3,017 SF · lease $13.80/SF/yr · vacancy 9.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$751.6K
$657.6K – $876.8K
NOI $52,609 @ 7.0% cap · market cap 9.65%
Second Best
Flex RnD
$349.9K
$306.2K – $408.2K
NOI $24,492 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.10M
$959.0K – $1.28M
NOI $76,716 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76116, TX
51,639
Population
25,808
Households
2
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.3 sq mi
ZIP Area
4,198
Density / Sq Mi
$54,738
Median Household Income
$39,040
Median Earnings
$1,205
Median Rent
$286,500
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
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- Austin's Underdawgs — 2900 Marquita Dr, Fort Worth, TX 76116
Frequently Asked Questions
What type of property is this?
Flex space - Flexible office, showroom, studio, and light industrial property with gated access and a detached garage-shop building.
Where is this flex space located?
The property is located at 3013 Joyce Drive Fort Worth, TX.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Approximately 3,017 SF main building with office, showroom, studio, warehouse, and light industrial functionality; 22 x 29 front workroom with abundant natural light; Approximately 40 x 29 warehouse and shop area with grade‑level roll‑up door access
