Multi-Tenant Warehouse Flex
For Sale
Contact for pricing
3216-3220 S Jones Street, Fort Worth, TX 76110
Multi-tenant masonry flex warehouse with four grade level overhead doors and office buildout across three suites.
Property Size8,054 SF
Price / SF$117.33
Days on Market146
Property Features for 3216-3220 S Jones Street
General Information
Standard status
Active
Size
8,054 SF
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
1976
Units
3
Tenancy
Multi
Listing Agency:
Team & Vasseur
Listed By:
Nathan Vasseur · License #TX
(682) 429-7400
Source:
Crexi
Added: Apr 23
Changed: Sep 4
Last Checked: Sep 14 at 5:53AM
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
Investment Insights
Based on property information with market context.
3216-3220 S. Jones Street is an 8,054 SF (+/-) masonry industrial/flex property built in 1976 and currently demised into three functional suites. The layout combines warehouse space with practical office buildout, including private offices, reception, and a meeting room in the central suite, while each bay provides warehouse areas suitable for light industrial, storage, or service-oriented use. The property also features four grade level overhead doors.
The building sits on approximately 12,500 SF of land and offers immediate access to Interstate 35W, supporting efficient north-south connectivity throughout the DFW Metroplex. It is located just south of Downtown Fort Worth within an infill corridor, placing it near the business core and surrounding industrial districts.
For investors or owner-users seeking flexibility, the existing three-suite configuration provides separate operational spaces within a single industrial/flex facility, complemented by the warehouse/office mix and grade level door access.
The building sits on approximately 12,500 SF of land and offers immediate access to Interstate 35W, supporting efficient north-south connectivity throughout the DFW Metroplex. It is located just south of Downtown Fort Worth within an infill corridor, placing it near the business core and surrounding industrial districts.
For investors or owner-users seeking flexibility, the existing three-suite configuration provides separate operational spaces within a single industrial/flex facility, complemented by the warehouse/office mix and grade level door access.
Key Highlights
- 1976 multi‑tenant masonry industrial/flex building totaling 8,054 SF (+/-) on approximately 12,500 SF of land
- Demised into three functional suites, offering flexibility for an investor or owner/user (see included floorplan for suite sizes and layout)
- Four grade level overhead doors serving the warehouse bays
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
$65,381
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
6.92%
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%
$1,307,620
$1.3M
Cap Rate 7%
$934,014
$934.0K
Cap Rate 9%
$726,456
$726.5K
Market Conditions
NOI Build-Up for 8,054 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
$111.1K $13.80/SF
− Vacancy
−$10.6K −$1.31/SF
EGI
$100.6K $12.49/SF
− OpEx
−$35.2K −$4.37/SF
NOI
$65.4K $8.12/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$13.80 /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%
$1,307,620
Cap Rate 7%
$934,014
Cap Rate 9%
$726,456
Alternative Uses
Best Use
Flex RnD
$934.0K
$817.3K – $1.09M
NOI $65,381 @ 7.0% cap · market cap 6.92%
Second Best
Warehouse
$796.6K
$697.0K – $929.3K
NOI $55,760 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,797 @ 7.0% cap · market cap 21.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
779
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
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant masonry flex warehouse with four grade level overhead doors and office buildout across three suites.
Where is this flex space located?
The property is located at 3216-3220 S Jones Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 1976 multi‑tenant masonry industrial/flex building totaling 8,054 SF (+/-) on approximately 12,500 SF of land; Demised into three functional suites, offering flexibility for an investor or owner/user (see included floorplan for suite sizes and layout); Four grade level overhead doors serving the warehouse bays
