Flex Space with Roll-Up
For Sale
$1,105,000
348 W Hurst Boulevard, Hurst, TX 76053
Front showroom windows, tiled reception area, and rear service access support multiple commercial configurations.
Property Size6,737 SF
Price / SF$164.02
Days on Market21
Property Features for 348 W Hurst Boulevard
General Information
Standard status
Active
Size
6,737 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
3
Amenities
floor-to-ceiling windows
tiled lobby reception area
Building Details
Year Built
1979
Listing Agency:
Texas Connect Realty LLC
(817) 522-1602
Listed By:
Pedro Juarez · License #0682343
Source:
Yourdavisteam
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 28 at 1:12PM
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 Texas Connect Realty LLC
Investment Insights
Based on property information with market context.
This 6,737-square-foot flex property combines customer-facing space with functional rear service and storage areas. Floor-to-ceiling windows line the front of the building, while a tiled lobby and reception area provide an established entry point for visitors. The rear portion includes three 20-foot roll-up doors, supporting the property’s current emergency automobile service operation and other commercial functions described for the building.
Built in 1979, the property is located at 348 W Hurst Boulevard in Hurst, Texas. Its large lot provides parking and access for customers and deliveries. The combination of visible front-facing space, a reception area, and oversized rear access creates a flexible layout for an owner-user or investor.
Built in 1979, the property is located at 348 W Hurst Boulevard in Hurst, Texas. Its large lot provides parking and access for customers and deliveries. The combination of visible front-facing space, a reception area, and oversized rear access creates a flexible layout for an owner-user or investor.
Key Highlights
- 6,737‑square‑foot flex property at 348 W Hurst Boulevard, Hurst, TX 76053
- Three 20‑foot roll‑up doors at the rear of the building
- Floor‑to‑ceiling windows across the front of the property
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
$73,988
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
6.70%
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%
$1,479,760
$1.5M
Cap Rate 7%
$1,056,971
$1.1M
Cap Rate 9%
$822,089
$822.1K
Market Conditions
NOI Build-Up for 6,737 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
$129.4K $19.20/SF
− Vacancy
−$15.5K −$2.30/SF
EGI
$113.8K $16.90/SF
− OpEx
−$39.8K −$5.91/SF
NOI
$74.0K $10.98/SF
Area
Tarrant County, TX
Vacancy
12.00%
Lease Rate
$19.20 /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%
$1,479,760
Cap Rate 7%
$1,056,971
Cap Rate 9%
$822,089
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.86M
NOI $111,823 @ 7.0% cap · market cap 10.12%
Second Best
Flex RnD
$1.06M
$924.9K – $1.23M
NOI $73,988 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,892 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76053, TX
31,935
Population
12,803
Households
2.5
Avg Household Size
36
Median Age
29%
College-Educated
87%
High-School Grad
8.1 sq mi
ZIP Area
3,943
Density / Sq Mi
$62,402
Median Household Income
$39,147
Median Earnings
$1,322
Median Rent
$254,800
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
- Quick Pik Roadside — 717 Briarwood Ln, Hurst, TX 76053
Frequently Asked Questions
What type of property is this?
Flex space - Front showroom windows, tiled reception area, and rear service access support multiple commercial configurations.
Where is this flex space located?
The property is located at 348 W Hurst Boulevard Hurst, TX.
What is the asking price?
The asking price for this property is $1,105,000.
What are key features of this property?
This property features: 6,737‑square‑foot flex property at 348 W Hurst Boulevard, Hurst, TX 76053; Three 20‑foot roll‑up doors at the rear of the building; Floor‑to‑ceiling windows across the front of the property
