Flex Space with
New
For Sale
$599,000
3065 SW Wilshire Boulevard, Burleson, TX 76028
SINGLE_FAMILY - Burleson, TX
Property Size1,200 SF
Lot Size1.00 Acre
Price / SF$499.17
Days on Market1
Property Features for 3065 SW Wilshire Boulevard
General Information
Property type
Residential
Property subtype
Retail
Zoning description
General Retail
Parking features
Parking Lot
Subdivision
Abst 178 TR14 H G Catlett 126.5534.99909
Directions
From I35W in Burleson go West on Hwy 174. The property is on the left just past Clubhouse Rd.
Standard status
Active
APN
126017801230
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
ABST 178 TR 14 H G CATLETT 126.5534.99909
Tax Annual Amount
4778
Legal Description
ABST 178 TR 14 H G CATLETT 126.5534.99909
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air, Electric
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Number of units
1
Flooring type
Concrete, Tile
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
League Real Estate
(817) 608-7755
Listed By:
Jay Mcguire · License #0639547
(817) 608-7755
Added: Aug 9
Last Checked: Aug 9 at 11:06AM
MLS# 21354805
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property includes a 30 x 40 metal building constructed in 1983 on 1 acre. The interior is arranged with a 10 x 30 office or display area at the front and a 30 x 30 warehouse area behind it, including shelving. Concrete and tile flooring, central heating, and multiple cooling systems are in place.
The property has access from SW Wilshire Boulevard, identified in the source data as State Hwy 174, along with a second access point from Old Hwy 174 at the rear. A parking lot serves the improvements, while public water and public sewer provide the available utility connections.
The property has access from SW Wilshire Boulevard, identified in the source data as State Hwy 174, along with a second access point from Old Hwy 174 at the rear. A parking lot serves the improvements, while public water and public sewer provide the available utility connections.
Key Highlights
- 1‑acre property with a 30 x 40 metal building
- Interior layout includes a 10 x 30 office or display area
- 30 x 30 rear warehouse area with shelving
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
$20,072
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
3.35%
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%
$401,440
$401.4K
Cap Rate 7%
$286,743
$286.7K
Cap Rate 9%
$223,022
$223.0K
Market Conditions
NOI Build-Up for 1,200 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
$36.9K $30.72/SF
− Vacancy
−$10.1K −$8.42/SF
EGI
$26.8K $22.30/SF
− OpEx
−$6.7K −$5.58/SF
NOI
$20.1K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$401,440
Cap Rate 7%
$286,743
Cap Rate 9%
$223,022
Alternative Uses
Best Use
Office B
$286.7K
$250.9K – $334.5K
NOI $20,072 @ 7.0% cap · market cap 3.35%
Second Best
Warehouse
$119.2K
$104.3K – $139.1K
NOI $8,345 @ 7.0% cap · market cap 1.39%
Theoretical Best
Multifamily LT 5
$14.38M
$12.59M – $16.78M
NOI $1,006,879 @ 7.0% cap · market cap 168.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
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 - Metal improvements combine a front office or display area with rear warehouse functionality and access from two roadways.
Where is this flex space located?
The property is located at 3065 SW Wilshire Boulevard Burleson, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1‑acre property with a 30 x 40 metal building; Interior layout includes a 10 x 30 office or display area; 30 x 30 rear warehouse area with shelving
