Light Industrial Four-Unit Flex
For Sale
$400,000
3153 Beach Street, Fort Worth, TX 76111
Four separate units offer three front storefront spaces and a rear unit under Light Industrial (I) zoning.
Property Size4,590 SF
Price / SF$87.15
Days on Market47
Property Features for 3153 Beach Street
General Information
Standard status
Active
Size
4,590 SF
Property subtype
Industrial
Zoning
I
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,288
Amenities
Electric, A/C - Other
3
Building Details
Year Built
1981
Tenancy
Multi
Listing Agency:
RE/MAX Trinity
(817) 299-1039
Listed By:
David DeVries
(817) 299-1039
Source:
Xome
Added: Jul 14
Changed: Aug 20
Last Checked: Aug 28 at 7:40AM
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 RE/MAX Trinity
Investment Insights
Based on property information with market context.
This light industrial property offers four separate units, with three storefront spaces located at the front and one unit positioned in the rear. The property is currently vacant and is presented as an owner-user or investment opportunity with the ability to renovate and customize the spaces to fit operational needs.
The asset is located on N Beach Street with high visibility and convenient access to major highways and nearby business districts. The property is described as having Light Industrial (I) zoning; permitted uses should be verified with the City of Fort Worth.
Owner financing is available for qualified buyers with a minimum 25% down payment and acceptable terms.
The asset is located on N Beach Street with high visibility and convenient access to major highways and nearby business districts. The property is described as having Light Industrial (I) zoning; permitted uses should be verified with the City of Fort Worth.
Owner financing is available for qualified buyers with a minimum 25% down payment and acceptable terms.
Key Highlights
- Four separate units: 3 front storefront spaces and 1 rear unit
- Light Industrial (I) zoning; property is under Light Industrial (I) for a range of business uses (buyer to verify with the City of Fort Worth)
- Vacant property with value‑add potential for renovation and customization
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
$31,778
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
7.94%
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%
$635,560
$635.6K
Cap Rate 7%
$453,971
$454.0K
Cap Rate 9%
$353,089
$353.1K
Market Conditions
NOI Build-Up for 4,590 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
$41.3K $9.00/SF
− Vacancy
−$3.9K −$0.86/SF
EGI
$37.4K $8.15/SF
− OpEx
−$5.6K −$1.22/SF
NOI
$31.8K $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%
$635,560
Cap Rate 7%
$453,971
Cap Rate 9%
$353,089
Alternative Uses
Best Use
Retail
$1.05M
$922.2K – $1.23M
NOI $73,778 @ 7.0% cap · market cap 18.44%
Second Best
Warehouse
$454.0K
$397.2K – $529.6K
NOI $31,778 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,715 @ 7.0% cap · market cap 29.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76111, TX
22,512
Population
8,523
Households
2.6
Avg Household Size
33
Median Age
15%
College-Educated
67%
High-School Grad
7.4 sq mi
ZIP Area
3,042
Density / Sq Mi
$56,944
Median Household Income
$37,149
Median Earnings
$1,272
Median Rent
$199,100
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
- Aardvark Self Storage — 3825 Chesser Boyer Rd, Fort Worth, TX 76111
- Hawk Movers LLC — 3550 E Long Ave suite 104, Fort Worth, TX 76137
Frequently Asked Questions
What type of property is this?
Warehouse - Four separate units offer three front storefront spaces and a rear unit under Light Industrial (I) zoning.
Where is this warehouse located?
The property is located at 3153 Beach Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four separate units: 3 front storefront spaces and 1 rear unit; Light Industrial (I) zoning; property is under Light Industrial (I) for a range of business uses (buyer to verify with the City of Fort Worth); Vacant property with value‑add potential for renovation and customization
