Freestanding Flex
New
For Sale
$599,000
3065 Wilshire Boulevard, Burleson, TX 76028
Office and display space connect to a shelved warehouse with access from two roads.
Property Size1,200 SF
Lot Size1.00 Acre
Price / SF$499.17
Days on Market7
Property Features for 3065 Wilshire Boulevard
General Information
Standard status
Active
Size
1,200 SF
Lot size
1.00 Acre
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
900 SF
Office Build-Out
300 SF
Taxes and HOA fees
Annual Taxes
$4,778
Amenities
Electric, A/C - Other
3
Easement.
Building Details
Year Built
1983
Buildings
1
Building Size
1,200 SF
Construction
metal building
Listing Agency:
(817) 992-6989
Listed By:
League Real Estate
(817) 992-6989
Source:
Xome
Added: Aug 6
Changed: Aug 12
Last Checked: Aug 12 at 5:54AM
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 League Real Estate
Investment Insights
Based on property information with market context.
This 1-acre Burleson property includes a 1,200-square-foot metal building constructed in 1983. The 30 x 40 structure is arranged with a 10 x 30 front office or display area and a 30 x 30 rear warehouse equipped with shelving. Electric service and A/C are present.
Access is available from Wilshire Boulevard, identified as State Hwy 174, and from Old Hwy 174 at the rear. The site is located at 3065 Wilshire Boulevard in Burleson, between Burleson and Joshua.
Access is available from Wilshire Boulevard, identified as State Hwy 174, and from Old Hwy 174 at the rear. The site is located at 3065 Wilshire Boulevard in Burleson, between Burleson and Joshua.
Key Highlights
- 1‑acre property with a 1,200‑square‑foot metal building
- 30 x 40 building dimensions with office/display and warehouse areas
- 10 x 30 front office or display area
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
Retail
$284.5K
$249.0K – $332.0K
NOI $19,918 @ 7.0% cap · market cap 3.33%
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 - Office and display space connect to a shelved warehouse with access from two roads.
Where is this flex space located?
The property is located at 3065 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 1,200‑square‑foot metal building; 30 x 40 building dimensions with office/display and warehouse areas; 10 x 30 front office or display area
