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    Versatile Commercial Space in Kennedale Title is generated by Realmo AI

    416 E Kennedale Parkway, Kennedale, TX 76060

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    For Sale
    $1,050,000

    Industrial - Kennedale, TX

    Type:Industrial
    Property size:
    3,612 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $290/SF
    Added:
    Oct 14, 2025
    Days on Market:
    221
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 416 E Kennedale Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Parking features
    Open, Parking Lot
    Standard status
    Active
    APN
    04984293
    Size
    3,612 SF
    Lot size
    0.45 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    1981
    Flooring type
    Concrete
    Building materials
    Fiberglass Siding, Glass, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Starria Mclaughlin
    Starria Mclaughlin

    Listing agent Starria Mclaughlin License #0685236

    Listing office OnDemand Realty 6160 Warren Prkwy Ste 100, Frisco, TX

    Listing date Oct 14, 2025

    MLS# 21023422 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Grandfathered for auto body use with lease agreements in place until mid‑2026, providing immediate and stable income.
    • Prime location 0.5 miles from Kennedale Town Center, near I‑20 and I‑820, with high visibility (over 10,000 vehicles daily).
    • Versatile 3,612 sq ft commercial space on a 0.445‑acre lot suitable for auto body, retail, restaurant, or office applications.
    • Significant renovations in 2016, including upgraded electrical systems, remodeled bathrooms, and office improvements.
    • Strong market fundamentals: 7.75% annual population growth and a median income of $117,293.
    • Features seven bays, ample parking, and proximity to established businesses like Advance Auto Parts and Texaco.

    Overview

    Located at 416 E. Kennedale Parkway, this 3,612-square-foot building on a 0.445-acre lot is positioned for success as an auto body shop or for adaptive reuse in retail, restaurant, or office applications. The property is grandfathered for auto body use and secured with lease agreements until mid-2026, ensuring immediate and stable income potential. Renovations in 2016 included upgraded electrical systems, remodeled bathrooms, and office improvements. The location is 0.5 miles from Kennedale Town Center and near major highways I-20 and I-820, guaranteeing high visibility with a daily traffic count of over 10,000 vehicles. The area’s annual population growth is 7.75% with a median income of $117,293. The property has seven bays, ample parking, and proximity to established businesses like Advance Auto Parts and Texaco, combining functionality, location, and growth potential.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $693.5K
    NOI $62,415 @ 9.00% cap · cautious / downside scenario
    Moderate
    $891.6K
    NOI $62,415 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.25M
    NOI $62,415 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $111.0k $30.72
    − Vacancy −$27.7k −$7.68
    EGI $83.2k $23.04
    − OpEx −$20.8k −$5.76
    NOI $62.4k $17.28
    3,612 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $891.6K
    $780.2K – $1.04M (±1% cap)
    NOI $62,415 @ 7.0% cap · market cap 5.94%
    Second Best
    Retail
    $856.5K
    $749.4K – $999.2K (±1% cap)
    NOI $59,953 @ 7.0% cap · market cap 5.71%
    Theoretical Best
    Office A
    $1.27M
    $1.11M – $1.48M (±1% cap)
    NOI $88,942 @ 7.0% cap · market cap 8.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ARIRANG WINDOW TINTING Auto Repair Shop Prestige Collision Center ... Auto Repair Shop Euroasian Auto Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • A-Action RV Repair Service — 3812 Eden Rd S, Kennedale, TX 76060
    • La La Land Autos — 7084 Kennedale Pkwy, Kennedale, TX 76060
    • Tire King of Kennedale — 1206 Kennedale Pkwy in, Kennedale, TX 76060
    • C To C Tire Services — 1206 Kennedale Pkwy, Kennedale, TX 76060
    • Moniz Enterprises Inc — 1113 Kennedale Pkwy, Kennedale, TX 76060

    Location Insight

    • Map
    • Local Demand
    City
    Kennedale
    County
    Tarrant
    State
    Texas
    Longitude
    -97.218065
    Latitude
    32.643011

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    FAQs

    What type of property is this?
    Auto shop - 3,612 SF building on 0.445-acre lot, ideal for investment.
    Where is this auto shop located?
    The property is located at 416 E Kennedale Parkway Kennedale, TX.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Grandfathered for auto body use with lease agreements in place until mid‑2026, providing immediate and stable income.; Prime location 0.5 miles from Kennedale Town Center, near I‑20 and I‑820, with high visibility (over 10,000 vehicles daily).; Versatile 3,612 sq ft commercial space on a 0.445‑acre lot suitable for auto body, retail, restaurant, or office applications.
    (214) 766-5833
    We can help!
    Listing Contact
    Starria Mclaughlin
    Starria Mclaughlin
    Real Estate License ID: 0685236
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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