Light Industrial Warehouse
For Sale
Contact for pricing
312 W Ripy St, Fort Worth, TX 76110
Two-building industrial property with dock loading, drive-in access, heavy power, and I Light Industrial zoning.
Property Size59,345 SF
Lot Size1.87 Acres
Price / SF$85.94
Days on Market255
Property Features for 312 W Ripy St
General Information
Standard status
Active
Size
59,345 SF
Lot size
1.87 Acres
Property subtype
INDUSTRIAL
Zoning
I
Property Condition
Severity
Repairs Needed
Evidence
rough condition
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
3
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
Team & Vasseur Commercial Real Estate
(817) 929-4728
Listed By:
Gary E Vasseur · License #158025
(817) 929-4728
Source:
Moodyscre
Added: Dec 18, 2025
Changed: Aug 29
Last Checked: Aug 29 at 2:15PM
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 Team & Vasseur Commercial Real Estate
Investment Insights
Based on property information with market context.
This warehouse offering includes two industrial buildings totaling approximately 59,345 square feet on approximately 81,250 square feet of land. The improvements provide a mix of dock and drive-in loading, with ceiling heights ranging from 14 to 18 feet. One building includes three 10-foot by 10-foot dock doors and a 12-foot by 14-foot drive-in door. The second building has three 14-foot bay doors and is currently vacant and described as being in rough condition.
The property is in south Fort Worth, several blocks south of Berry Street and two blocks east of Hemphill Street, with access to I-35 South. Heavy power is available, and the site is zoned “I” Light Industrial. The configuration combines substantial warehouse area, multiple loading options, and industrial land in a two-building layout.
The property is in south Fort Worth, several blocks south of Berry Street and two blocks east of Hemphill Street, with access to I-35 South. Heavy power is available, and the site is zoned “I” Light Industrial. The configuration combines substantial warehouse area, multiple loading options, and industrial land in a two-building layout.
Key Highlights
- 59,345 SF (+/-) total building area across two industrial buildings
- 81,250 SF (+/-) land area
- “I” Light Industrial zoning
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
$410,860
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
8.06%
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%
$8,217,200
$8.2M
Cap Rate 7%
$5,869,429
$5.9M
Cap Rate 9%
$4,565,111
$4.6M
Market Conditions
NOI Build-Up for 59,345 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
$534.1K $9.00/SF
− Vacancy
−$50.7K −$0.86/SF
EGI
$483.4K $8.15/SF
− OpEx
−$72.5K −$1.22/SF
NOI
$410.9K $6.92/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$8,217,200
Cap Rate 7%
$5,869,429
Cap Rate 9%
$4,565,111
Alternative Uses
Best Use
Warehouse
$5.87M
$5.14M – $6.85M
NOI $410,860 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.56M
$18.86M – $25.15M
NOI $1,509,025 @ 7.0% cap · market cap 29.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76110, TX
29,858
Population
12,497
Households
2.4
Avg Household Size
33
Median Age
29%
College-Educated
68%
High-School Grad
5.7 sq mi
ZIP Area
5,238
Density / Sq Mi
$68,435
Median Household Income
$36,262
Median Earnings
$1,255
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Self Storage — 4200 south fwy, fort worth, tx 76115
- Next Generation Moving — 3245 Stuart Dr, Fort Worth, TX 76110
- Commercial Recorder — 3032 S Jones St, Fort Worth, TX 76104
Frequently Asked Questions
What type of property is this?
Warehouse - Two-building industrial property with dock loading, drive-in access, heavy power, and I Light Industrial zoning.
Where is this warehouse located?
The property is located at 312 W Ripy St Fort Worth, TX.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 59,345 SF (+/-) total building area across two industrial buildings; 81,250 SF (+/-) land area; “I” Light Industrial zoning
