Light Industrial Warehouse with
For Sale
Contact for pricing
322 Thomas Pl, Fort Worth, TX 76140
Light industrial property with fenced outside storage, a 1,000 SF office, and four grade level doors.
Property Size6,000 SF
Lot Size1.00 Acre
Price / SF$191.67
Days on Market424
Property Features for 322 Thomas Pl
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.00 Acre
Property subtype
INDUSTRIAL
Zoning
Light Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
4
Listing Agency:
NAI Robert Lynn-Fort Worth
(817) 885-8333
Listed By:
Jeff Jackson · License #0674429
(817) 872-3910
Source:
Moodyscre
Added: Jul 18, 2025
Changed: Sep 10
Last Checked: Sep 13 at 11:07AM
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 NAI Robert Lynn-Fort Worth
Investment Insights
Based on property information with market context.
This light industrial property includes fenced outside storage on approximately one acre and a 1,000 SF office area. The warehouse portion is served by four (4) 12' x 14' grade level doors, supporting practical access for loading and storage needs.
The property is zoned Light Industrial (Everman). It is presented for sale as a combined industrial and office setup at 322 Thomas Pl, Fort Worth, TX 76140.
The property is zoned Light Industrial (Everman). It is presented for sale as a combined industrial and office setup at 322 Thomas Pl, Fort Worth, TX 76140.
Key Highlights
- 1‑acre fenced outside storage area for equipment or inventory
- 1,000 SF office space included
- Four (4) 12' x 14' grade level doors for loading and access
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
$48,707
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
4.24%
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%
$974,140
$974.1K
Cap Rate 7%
$695,814
$695.8K
Cap Rate 9%
$541,189
$541.2K
Market Conditions
NOI Build-Up for 6,000 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
$82.8K $13.80/SF
− Vacancy
−$7.9K −$1.31/SF
EGI
$74.9K $12.49/SF
− OpEx
−$26.2K −$4.37/SF
NOI
$48.7K $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%
$974,140
Cap Rate 7%
$695,814
Cap Rate 9%
$541,189
Alternative Uses
Best Use
Flex RnD
$695.8K
$608.8K – $811.8K
NOI $48,707 @ 7.0% cap · market cap 4.24%
Second Best
Warehouse
$593.4K
$519.3K – $692.3K
NOI $41,540 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,568 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76140, TX
32,623
Population
10,705
Households
3
Avg Household Size
32
Median Age
18%
College-Educated
79%
High-School Grad
27.3 sq mi
ZIP Area
1,195
Density / Sq Mi
$73,215
Median Household Income
$37,780
Median Earnings
$1,590
Median Rent
$207,800
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 - Light industrial property with fenced outside storage, a 1,000 SF office, and four grade level doors.
Where is this flex space located?
The property is located at 322 Thomas Pl Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1‑acre fenced outside storage area for equipment or inventory; 1,000 SF office space included; Four (4) 12' x 14' grade level doors for loading and access
