Fully Occupied Flex Space
For Sale
$310,000
305 N Grants Lane, White Settlement, TX 76108
Two office-warehouse buildings offer flexible layouts, roll-up doors, and tenant-controlled utilities within an industrial setting.
Property Size2,250 SF
Price / SF$137.78
Days on Market132
Property Features for 305 N Grants Lane
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Zoning
Industrial
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
2,250 SF
Year Built
1984
Buildings
2
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
AmeriPlex Realty, Inc.
(817) 366-0372
Listed By:
Teresa Von Illyes · License #0441572
Source:
Signaturere
Added: Apr 22
Changed: Aug 31
Last Checked: Aug 31 at 2:38AM
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 AmeriPlex Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,250-square-foot flex space property comprises two office-warehouse buildings constructed in 1984. The improvements provide practical layouts, roll-up doors, private utility management for occupants, and parking and driveways designed for low ongoing maintenance. The property is fully occupied, with 100% leased occupancy supported by month-to-month tenant agreements.
Located in White Settlement near Lockheed Martin, the property offers quick connectivity to I-30 and Downtown Fort Worth. A professional property management company currently oversees the asset and can continue under new ownership. Industrial zoning supports the property’s existing office-warehouse configuration.
Located in White Settlement near Lockheed Martin, the property offers quick connectivity to I-30 and Downtown Fort Worth. A professional property management company currently oversees the asset and can continue under new ownership. Industrial zoning supports the property’s existing office-warehouse configuration.
Key Highlights
- 2,250 SF flex space property with two office‑warehouse buildings
- 100% leased occupancy with month‑to‑month tenant agreements
- Industrial zoning and improvements constructed in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,693
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,860
$473.9K
Cap Rate 7%
$338,471
$338.5K
Cap Rate 9%
$263,256
$263.3K
Market Conditions
NOI Build-Up for 2,250 SF
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.
Gross rent
$40.5K $18.00/SF
− Vacancy
−$4.1K −$1.80/SF
EGI
$36.5K $16.20/SF
− OpEx
−$12.8K −$5.67/SF
NOI
$23.7K $10.53/SF
Area
ZIP 76108
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,860
Cap Rate 7%
$338,471
Cap Rate 9%
$263,256
Alternative Uses
Best Use
Office B
$445.5K
$389.8K – $519.8K
NOI $31,185 @ 7.0% cap · market cap 10.06%
Second Best
Flex RnD
$338.5K
$296.2K – $394.9K
NOI $23,693 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Two office-warehouse buildings offer flexible layouts, roll-up doors, and tenant-controlled utilities within an industrial setting.
Where is this flex space located?
The property is located at 305 N Grants Lane White Settlement, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2,250 SF flex space property with two office‑warehouse buildings; 100% leased occupancy with month‑to‑month tenant agreements; Industrial zoning and improvements constructed in 1984
