Building Details

Building Size 4,800 SF

Year Built 2014

Stories 2

Listing Agency: Fort Worth Office b***@marcusmillichap.com Show Phone

Listed By: Brad Mills · License #License(s): TX: 732895 Show Phone

Source: Marcusmillichap

Added: Aug 13 Changed: Aug 14 Last Checked: Aug 16 at 3:04AM

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Investment Insights

Based on property information with market context.

This flex space contains approximately 4,800 square feet arranged across two stories, with more than 2,200 square feet currently available. The building includes a 10-foot grade-level garage door that supports service access, storage, and light industrial functions, along with a courtyard that adds usable outdoor area. Constructed in 2014, the property offers a configuration suited to office, showroom, retail, service, or other business operations supported by the existing improvements.

The building is located at 3735 Fort Worth Hwy in Hudson Oaks, Texas, along Fort Worth Highway. Its position within the Hudson Oaks and Weatherford trade area provides direct exposure to a major commercial thoroughfare and places the property within an area experiencing residential and commercial growth.

Key Highlights

• Approximately 4,800 square feet across two stories
• More than 2,200 square feet currently available
• 10‑foot grade‑level garage door

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

$60,873

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

3.05%

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%

$1,217,460 $1.2M

Cap Rate 7%

$869,614 $869.6K

Cap Rate 9%

$676,367 $676.4K

Market Conditions

NOI Build-Up for 4,800 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

$105.4K $21.96/SF

− Vacancy

−$24.2K −$5.05/SF

EGI

$81.2K $16.91/SF

− OpEx

−$20.3K −$4.23/SF

NOI

$60.9K $12.68/SF

Area

Parker County, TX

Vacancy

23.00%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

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%

$1,217,460

Cap Rate 7%

$869,614

Cap Rate 9%

$676,367

Alternative Uses

Best Use

Industrial

$4.77M

$4.17M – $5.56M (±1% cap)

NOI $333,870 @ 7.0% cap · market cap 16.74%

Second Best

Office B

$869.6K

$760.9K – $1.01M (±1% cap)

NOI $60,873 @ 7.0% cap · market cap 3.05%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Big Box & Wholesale Store Garden Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

367

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 76087, TX

33,346

Population

13,290

Households

2.5

Avg Household Size

41

Median Age

40%

College-Educated

92%

High-School Grad

185.5 sq mi

ZIP Area

180

Density / Sq Mi

$108,499

Median Household Income

$59,622

Median Earnings

$1,775

Median Rent

$352,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible commercial layout includes grade-level service access and a courtyard area.

Where is this flex space located?

The property is located at 3735 Fort Worth Hwy Hudson Oaks, TX.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Approximately 4,800 square feet across two stories; More than 2,200 square feet currently available; 10‑foot grade‑level garage door