Three-Unit Warehouse
New
For Sale
Contact for pricing
5083 FM1187, Burleson, TX 76028
The two-building asset is fully leased, with a collision repair company occupying space through February 2030.
Property Size17,000 SF
Lot Size1.77 Acres
Price / SF$132.35
Days on Market2
Property Features for 5083 FM1187
General Information
Standard status
Active
Size
17,000 SF
Total Parking Spaces
30
Lot size
1.77 Acres
Property subtype
INDUSTRIAL
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
13
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Cap Rate
7.5%
Automotive Uses
collision/body shop
Building Details
Year Built
2020
Buildings
2
Construction
metal
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Dallas
(972) 755-5200
Listed By:
Cole Collins · License #(S):TX:783678
(972) 755-5154
Source:
Moodyscre
Added: Nov 4
Last Checked: Nov 4 at 3:01PM
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 Marcus & Millichap | Dallas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Delivered in 2020, this two-building warehouse property contains 17,000 square feet across three units on 1.77 acres. The buildings have metal construction, 18-foot clear height, 13 grade-level doors, and 30 parking spaces. The property is fully occupied, with a collision repair company leasing space through February 2030; the reported cap rate is 7.5%.
The site fronts FM 1187 and is 3.8 miles from I-35W.
The site fronts FM 1187 and is 3.8 miles from I-35W.
Key Highlights
- 17,000 square feet across two buildings and three units
- Delivered in 2020 with metal construction and 18‑foot clear height
- 13 grade‑level doors and 30 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,215
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,364,300
$2.4M
Cap Rate 7%
$1,688,786
$1.7M
Cap Rate 9%
$1,313,500
$1.3M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$153.0K $9.00/SF
− Vacancy
−$13.9K −$0.82/SF
EGI
$139.1K $8.18/SF
− OpEx
−$20.9K −$1.23/SF
NOI
$118.2K $6.95/SF
Area
Johnson County, TX
Vacancy
9.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,364,300
Cap Rate 7%
$1,688,786
Cap Rate 9%
$1,313,500
Alternative Uses
Best Use
Retail
$4.03M
$3.53M – $4.70M
NOI $282,173 @ 7.0% cap · market cap 12.54%
Second Best
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,215 @ 7.0% cap · market cap 5.25%
Theoretical Best
Multifamily LT 5
$203.77M
$178.30M – $237.74M
NOI $14,264,113 @ 7.0% cap · market cap 633.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
13
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Longhorn State Storage — 7230 Stephenson Levy Rd, Burleson, TX 76028
- Rendon Self Storage — 12215 Rendon Rd, Burleson, TX 76028
- Glenwood 33 Flex Space — 5001 FM1187, Burleson, TX 76028
- Crossroads Station Storage — 5333 E, FM1187 Suite 120, Burleson, TX 76028
- Sharp & To The Point — 5226 Farm to Market 1187, Burleson, TX 76028
Frequently Asked Questions
What type of property is this?
Warehouse - The two-building asset is fully leased, with a collision repair company occupying space through February 2030.
Where is this warehouse located?
The property is located at 5083 FM1187 Burleson, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 17,000 square feet across two buildings and three units; Delivered in 2020 with metal construction and 18‑foot clear height; 13 grade‑level doors and 30 parking spaces
