Back to Search
Fort Worth Multi-Tenant Industrial Asset

5172 LEMONS RD Fort Worth, TX 76140

5172 LEMONS RD, Fort Worth, TX, 76140
Contact for pricing
For Sale
Claim this Listing
Contact for pricing

33,750 SF multi-tenant industrial asset with value-add opportunity.

Property Size33,750 SF
Price / SF$114.07
AddedMay 18
Days on Market59
Last RefreshJul 15 at 12:39 am

Property Features for 5172 LEMONS RD

General Information

Standard status
Active
Size
33,750 SF
Property subtype
Industrial

Building Details

Year Built
2018

Listing office SLJ Company

Listing date May 18, 2026

Source Crexi

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 SLJ Company


Investment Insights

Based on property information with market context.

The Lemons Road Industrial Park is a 33,750-square-foot multi-tenant industrial asset located at 5160–5172 Lemons Rd. in Fort Worth, Texas. Constructed primarily in 2018, it features functional small-bay product with mostly 16'–18' clear heights and an efficient 5% office / 95% warehouse finish-out. The average suite size is approximately 3,068 square feet. The property benefits from industrial outside storage. It is strategically positioned less than four miles east of I-35W and within minutes of Burleson, Mansfield, Arlington, Everman, and Kennedale, providing excellent regional connectivity. The surrounding area has strong demographics, including average household incomes exceeding $136,300 and median home values above $336,900 within a one-mile radius. The property is currently leased at average in-place rents of $6.88/SF NNN, which is a discount to market rental comps of approximately $10–$11/SF NNN. With a WALT of less than 19 months, investors are positioned to mark rents to market in the near term and drive NOI growth. Submarket fundamentals include flex occupancy averaging 95.1% and projected annual rent growth of 3.28% through 2030.

Key Highlights

  • Significant rental upside with current rents at $6.88/SF NNN compared to market comps of $10–$11/SF NNN.
  • Located in a strong small‑bay industrial market with high occupancy (95.1%) and projected rent growth (3.28% annually through 2030).
  • Strategic location less than four miles from I‑35W, providing excellent regional connectivity.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

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.

Component $ $/SF
Gross rent $465.8k $13.80
− Vacancy −$44.2k −$1.31
EGI $421.5k $12.49
− OpEx −$147.5k −$4.37
NOI $274.0k $8.12
33,750 SF · lease $13.80/SF/yr · vacancy 9.50% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$3.91M
$3.42M – $4.57M (±1% cap)
NOI $273,977 @ 7.0% cap · market cap 7.12%
Second Best
Industrial
$3.04M
$2.66M – $3.55M (±1% cap)
NOI $212,951 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$12.26M
$10.73M – $14.30M (±1% cap)
NOI $858,195 @ 7.0% cap · market cap 22.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Netro Auto Sales ... Car Dealership

Suggested Use

Real Estate Agency Law Firm Hair Salon Spa & Massage Center Parking Lot & Garage Electrical Service HVAC Service Nail Salon Furniture & Home Goods Skin Care Clinic

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

Similar Off Market Nearby

  • Branded by D BBQ — 5166 FM1187 Ste106, Burleson, TX 76028

FAQs

What type of property is this?
Flex space - 33,750 SF multi-tenant industrial asset with value-add opportunity.
Where is this flex space located?
The property is located at 5172 LEMONS RD Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Significant rental upside with current rents at $6.88/SF NNN compared to market comps of $10–$11/SF NNN.; Located in a strong small‑bay industrial market with high occupancy (95.1%) and projected rent growth (3.28% annually through 2030).; Strategic location less than four miles from I‑35W, providing excellent regional connectivity.
Contact an agent
(214) 520-8818 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message