NNN-Leased Commercial
New
For Sale
$3,925,000
3963 Boat Club Road, Lake Worth, TX 76135
Fee simple ownership of a commercial property subject to a corporate NNN lease with extension options.
Property Size7,328 SF
Days on Market7
Property Features for 3963 Boat Club Road
General Information
Standard status
Active
Size
7,328 SF
Property subtype
Retail
Zoning
Planned Commercial
Building Details
Building Size
7,328 SF
Year Built
1997
Tenancy
Single
Listing Agency:
SRS Industrial - Newport Beach
(914) 498-2225
Listed By:
Sabrina Sapienza · License #CA 01732226
(914) 498-2225
Source:
Srsre
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 12:33PM
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 SRS Industrial - Newport Beach
Investment Insights
Based on property information with market context.
This commercial property conveys fee simple ownership of the land and building and is leased on a NNN basis to Action Behavior Centers. The property was built in 1997 and carries Planned Commercial zoning.
The current lease has a 7-year initial term, with 6+ years remaining and two 5-year renewal options. Contractual rent increases are set at 3% annually during the initial term and throughout each option period. The lease places limited responsibilities on the landlord, and the tenant has executed the agreement on a corporate basis.
The current lease has a 7-year initial term, with 6+ years remaining and two 5-year renewal options. Contractual rent increases are set at 3% annually during the initial term and throughout each option period. The lease places limited responsibilities on the landlord, and the tenant has executed the agreement on a corporate basis.
Key Highlights
- Corporate lease with Action Behavior Centers
- 7‑year lease with 6+ years remaining
- Two 5‑year extension options
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
$125,573
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
3.20%
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%
$2,511,460
$2.5M
Cap Rate 7%
$1,793,900
$1.8M
Cap Rate 9%
$1,395,256
$1.4M
Market Conditions
NOI Build-Up for 7,328 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
$246.2K $33.60/SF
− Vacancy
−$36.9K −$5.04/SF
EGI
$209.3K $28.56/SF
− OpEx
−$83.7K −$11.42/SF
NOI
$125.6K $17.14/SF
Area
Tarrant County, TX
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$2,511,460
Cap Rate 7%
$1,793,900
Cap Rate 9%
$1,395,256
Alternative Uses
Best Use
Healthcare Medical
$1.79M
$1.57M – $2.09M
NOI $125,573 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,445 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
Business Placement
Demographics for 76135, TX
22,009
Population
8,148
Households
2.7
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
25.6 sq mi
ZIP Area
860
Density / Sq Mi
$70,590
Median Household Income
$41,535
Median Earnings
$1,210
Median Rent
$250,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Fee simple ownership of a commercial property subject to a corporate NNN lease with extension options.
Where is this nnn property located?
The property is located at 3963 Boat Club Road Lake Worth, TX.
What is the asking price?
The asking price for this property is $3,925,000.
What are key features of this property?
This property features: Corporate lease with Action Behavior Centers; 7‑year lease with 6+ years remaining; Two 5‑year extension options
