Freestanding Open-Span
For Sale
$185,000
3501 S Henderson St, Fort Worth, TX 76110
Freestanding warehouse with an open-span interior and no interior support columns.
Property Size1,440 SF
Price / SF$128.47
Days on Market13
Property Features for 3501 S Henderson St
General Information
Standard status
Active
Size
1,440 SF
Property Condition
Severity
Repairs Needed
Evidence
requires some immediate capital improvements and cosmetic updates
Additional Details
Clear Span
Yes
Building Details
Year Built
1945
Listing Agency:
OnDemand Realty
(214) 766-5833
Listed By:
Ron Powell · License #0793174
Source:
Realtexasrealty
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 30 at 7:17PM
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 OnDemand Realty
Investment Insights
Based on property information with market context.
This freestanding warehouse contains approximately 1,440 square feet and was built in 1945. Its open interior configuration has no interior pillars, providing an unobstructed floor area for storage, production, or other warehouse functions. The property requires capital improvements and cosmetic updating, offering a straightforward redevelopment scope for a new owner.
Located at 3501 S Henderson St in Fort Worth, the facility is near TCU. Its central Fort Worth setting provides access to the surrounding area and regional transportation routes.
Located at 3501 S Henderson St in Fort Worth, the facility is near TCU. Its central Fort Worth setting provides access to the surrounding area and regional transportation routes.
Key Highlights
- Approximately 1,440 square feet of warehouse space
- Open‑span interior with zero interior pillars
- Freestanding facility at 3501 S Henderson St
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
$9,969
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
5.39%
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%
$199,380
$199.4K
Cap Rate 7%
$142,414
$142.4K
Cap Rate 9%
$110,767
$110.8K
Market Conditions
NOI Build-Up for 1,440 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
$13.0K $9.00/SF
− Vacancy
−$1.2K −$0.86/SF
EGI
$11.7K $8.15/SF
− OpEx
−$1.8K −$1.22/SF
NOI
$10.0K $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%
$199,380
Cap Rate 7%
$142,414
Cap Rate 9%
$110,767
Alternative Uses
Best Use
Warehouse
$142.4K
$124.6K – $166.2K
NOI $9,969 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.1K
$457.7K – $610.3K
NOI $36,616 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with an open-span interior and no interior support columns.
Where is this warehouse located?
The property is located at 3501 S Henderson St Fort Worth, TX.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Approximately 1,440 square feet of warehouse space; Open‑span interior with zero interior pillars; Freestanding facility at 3501 S Henderson St
