Flex Space with Grade-Level
For Sale
$1,975,000
535 W Kennedale Parkway, Kennedale, TX 76060
Two-building commercial property combines newly built flex space with additional warehouse capacity for storage and operations.
Property Size13,200 SF
Price / SF$149.62
Days on Market49
Property Features for 535 W Kennedale Parkway
General Information
Standard status
Active
Size
13,200 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$5,688
Building Details
Building Size
13,200 SF
Year Built
1955
Listing Agency:
Keller Williams Fort Worth
Listed By:
DeLario Bolton · License #0645317
(817) 920-7700
Source:
Finepointhomes
Added: Sep 18
Changed: Nov 1
Last Checked: Nov 5 at 7:57AM
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 Keller Williams Fort Worth
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Investment Insights
Based on property information with market context.
Located at 535 W Kennedale Parkway in Kennedale, Texas, this flex property includes two separate buildings totaling approximately 13,200 SF. The newer structure provides 4,800 SF of flex office and warehouse space, with a limited office component and four grade-level garage doors measuring approximately 12 x 14 feet. Built in 2025, it supports loading for trucks, equipment, and fleet vehicles.
The second building contributes approximately 8,400 SF of warehouse and storage area. Constructed in 1955, it is offered in its existing condition and provides additional room for storage, overflow functions, equipment, or future repositioning. The property sits along the Kennedale Parkway industrial corridor and combines newer operational space with a substantial secondary building.
The second building contributes approximately 8,400 SF of warehouse and storage area. Constructed in 1955, it is offered in its existing condition and provides additional room for storage, overflow functions, equipment, or future repositioning. The property sits along the Kennedale Parkway industrial corridor and combines newer operational space with a substantial secondary building.
Key Highlights
- Two buildings totaling approximately 13,200 SF
- New 4,800 SF flex office warehouse completed in 2025
- Four grade‑level garage doors, each approximately 12 x 14 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,968
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,899,360
$2.9M
Cap Rate 7%
$2,070,971
$2.1M
Cap Rate 9%
$1,610,756
$1.6M
Market Conditions
NOI Build-Up for 13,200 SF
Gross rent
$253.4K $19.20/SF
− Vacancy
−$30.4K −$2.30/SF
EGI
$223.0K $16.90/SF
− OpEx
−$78.1K −$5.91/SF
NOI
$145.0K $10.98/SF
Area
Tarrant County, TX
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,899,360
Cap Rate 7%
$2,070,971
Cap Rate 9%
$1,610,756
Alternative Uses
Best Use
Flex RnD
$2.07M
$1.81M – $2.42M
NOI $144,968 @ 7.0% cap · market cap 7.34%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,791 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,037 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property combines newly built flex space with additional warehouse capacity for storage and operations.
Where is this flex space located?
The property is located at 535 W Kennedale Parkway Kennedale, TX.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Two buildings totaling approximately 13,200 SF; New 4,800 SF flex office warehouse completed in 2025; Four grade‑level garage doors, each approximately 12 x 14 feet
