Flex Space with Detached
3013 Joyce Drive, Fort Worth, TX 76116
For Sale
New
$585,000
I Light Industrial zoning and separate production and office areas support a range of commercial operations.
Property Size3,107 SF
Days on Market2
Property Features for 3013 Joyce Drive
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Additional Details
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Winters Legacy Realty
Listed By:
Melanie MacDonald
(817) 733-7972
Source:
Nilesrealtygroup
Added: Nov 8
Last Checked: Nov 8 at 5:52PM
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
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Investment Insights
Based on property information with market context.
The property includes a 3,017-square-foot main building with a 22-by-29-foot front workroom, private offices, open work areas, storage rooms, and two restrooms. A 40-by-29-foot shop area has roll-up door access. Interior details include wood flooring and viewing windows. A detached 18-by-33-foot garage workshop adds two more roll-up doors.
Gated entry and designated parking are provided at the front of the property. The site is just off Alta Mere Drive, with access to I-30 and Loop 820. Zoning is I Light Industrial.
Gated entry and designated parking are provided at the front of the property. The site is just off Alta Mere Drive, with access to I-30 and Loop 820. Zoning is I Light Industrial.
Key Highlights
- 3,017‑square‑foot main building
- 22‑by‑29‑foot front workroom, plus private offices and open work areas
- 40‑by‑29‑foot shop area with roll‑up door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,222
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,440
$504.4K
Cap Rate 7%
$360,314
$360.3K
Cap Rate 9%
$280,244
$280.2K
Market Conditions
NOI Build-Up for 3,107 SF
Gross rent
$42.9K $13.80/SF
− Vacancy
−$4.1K −$1.31/SF
EGI
$38.8K $12.49/SF
− OpEx
−$13.6K −$4.37/SF
NOI
$25.2K $8.12/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,440
Cap Rate 7%
$360,314
Cap Rate 9%
$280,244
Alternative Uses
Best Use
Flex RnD
$360.3K
$315.3K – $420.4K
NOI $25,222 @ 7.0% cap · market cap 4.31%
Second Best
Warehouse
$307.3K
$268.9K – $358.5K
NOI $21,511 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.13M
$987.6K – $1.32M
NOI $79,005 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
3
Drive-in doors
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
$286,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Fort Worth, TX
Properties on Market for Flex space in Fort Worth
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Austin's Underdawgs — 2900 Marquita Dr, Fort Worth, TX 76116
Frequently Asked Questions
What type of property is this?
Flex space - I Light Industrial zoning and separate production and office areas support a range of commercial operations.
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 $585,000.
What are key features of this property?
This property features: 3,017‑square‑foot main building; 22‑by‑29‑foot front workroom, plus private offices and open work areas; 40‑by‑29‑foot shop area with roll‑up door access
