Commercial Land with Existing
For Sale
$395,000
3217 Denton Hwy, Haltom City, TX 76117
Existing structure offers a redevelopment or rehabilitation option for a business-oriented commercial site.
Property Size1,481 SF
Price / SF$266.71
Days on Market40
Property Features for 3217 Denton Hwy
General Information
Standard status
Active
Size
1,481 SF
Building Details
Year Built
1967
Listing Agency:
Jeff Brown Realty Group
(817) 656-1000
Listed By:
Kiz Stevenson
Source:
Heritance
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 11:45AM
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 Jeff Brown Realty Group
Investment Insights
Based on property information with market context.
This commercial land offering includes an existing building constructed in 1967. The structure requires rehabilitation or removal, giving the property a choice between improving the current improvement and pursuing a new site plan. Previous occupants included a business office and a used furniture store.
The property is located at 3217 Denton Hwy in Haltom City, Texas. Reported roadway exposure is 24,000 to 35,000 cars per day, providing a substantial traffic presence for a future commercial use.
The property is located at 3217 Denton Hwy in Haltom City, Texas. Reported roadway exposure is 24,000 to 35,000 cars per day, providing a substantial traffic presence for a future commercial use.
Key Highlights
- 24,000 to 35,000 cars pass the property daily
- Existing building constructed in 1967
- Current structure requires rehabilitation or tear‑down
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
$24,582
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
6.22%
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%
$491,640
$491.6K
Cap Rate 7%
$351,171
$351.2K
Cap Rate 9%
$273,133
$273.1K
Market Conditions
NOI Build-Up for 1,481 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
$37.0K $24.96/SF
− Vacancy
−$1.8K −$1.25/SF
EGI
$35.1K $23.71/SF
− OpEx
−$10.5K −$7.11/SF
NOI
$24.6K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$491,640
Cap Rate 7%
$351,171
Cap Rate 9%
$273,133
Alternative Uses
Best Use
Retail
$351.2K
$307.3K – $409.7K
NOI $24,582 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.0K
$455.9K – $607.8K
NOI $36,468 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 76117, TX
33,398
Population
12,793
Households
2.6
Avg Household Size
34
Median Age
12%
College-Educated
71%
High-School Grad
10.9 sq mi
ZIP Area
3,064
Density / Sq Mi
$49,041
Median Household Income
$34,111
Median Earnings
$1,205
Median Rent
$185,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Existing structure offers a redevelopment or rehabilitation option for a business-oriented commercial site.
Where is this commercial land located?
The property is located at 3217 Denton Hwy Haltom City, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 24,000 to 35,000 cars pass the property daily; Existing building constructed in 1967; Current structure requires rehabilitation or tear‑down
