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    Office-Warehouse Units with Grade-Level Doors Title is generated by Realmo AI

    4916 Fairview Road, Millsap, TX 76066

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    Claim this Listing
    For Lease
    $1,500 /Mo

    COMMERCIAL - Millsap, TX

    Lot size:
    1.98 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    79
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 4916 Fairview Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Parking features
    Open
    Standard status
    Active
    APN
    R000132120
    Lot size
    1.98 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Well

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Concrete
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Alice Borron
    Alice Borron

    Listing agent Alice Borron License #0371674

    Listing office CLARK REAL ESTATE GROUP Weatherford, TX

    Listing date Mar 19, 2026

    MLS# 21183529

    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

    • New construction (2025) office‑warehouse with three individual lease units
    • Each unit includes 1 office, a private restroom, and a 10' x 10' automated overhead door
    • Insulated structure with 14‑foot ceiling heights and 12' sidewalls in each unit
    • Metal roof and metal siding with concrete flooring
    • Each unit has electric heating and electric cooling
    • Utilities: well water and septic tank; open parking provided

    Overview

    Newly constructed office-warehouse units offer a clean, functional layout designed for modern operations. The property includes three individual units, and each space features one office area with heating and cooling, a private restroom, and a grade-level 10' x 10' automated overhead door for loading and unloading. The insulated structure provides 14-foot ceiling heights with 12-foot sidewalls, creating practical vertical space for storage, equipment, and day-to-day workflow.

    Convenient access is a key feature, with the property positioned a short distance from the I-20 service road for quick connectivity for employees, clients, and deliveries. This makes the site well suited for businesses that value straightforward inbound and outbound movement.

    These units should appeal to contractors, light industrial users, service businesses, and storage-oriented operators looking for a streamlined workplace that combines an office with climate control and restroom convenience alongside an efficient loading setup. For tenants who want a tidy, modern environment with reliable access, the three-unit configuration also supports flexible leasing needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Auto Parts Store Storage Facility HVAC Service Bar & Pub Grocery & Convenience Store Garden Center Daycare Center Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Millsap
    County
    Parker
    State
    Texas
    Longitude
    -97.9593213
    Latitude
    32.7041063

    Nearby Similar for Lease

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    • $19,438/Mo

      Industrial Building with Office Support

      Leasing option featuring heavy-duty industrial space with multiple overhead doors and cranes plus a dedicated office building.
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    • $1,500/Mo
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      New Office-Warehouse Units For Lease

      Newly constructed office-warehouse units for lease with convenient interstate access.
      4916 Fairview Road #103, Millsap, TX 76066
      View Details
    • $2,499/Mo
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      Millsap Commercial Space For Rent

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    FAQs

    What type of property is this?
    Flex space - Newly constructed office-warehouse units with insulated clearance, private restrooms, and automated grade-level loading doors.
    Where is this flex space located?
    The property is located at 4916 Fairview Road Millsap, TX.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: New construction (2025) office‑warehouse with three individual lease units; Each unit includes 1 office, a private restroom, and a 10' x 10' automated overhead door; Insulated structure with 14‑foot ceiling heights and 12' sidewalls in each unit
    (817) 578-0609
    We can help!
    Listing Contact
    Alice Borron
    Alice Borron
    Real Estate License ID: 0371674
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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.

    More about this property
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