Flex Space with Finished
For Sale
Contact for pricing
578 Aviator Drive, Fort Worth, TX 76179
Versatile commercial space combines finished amenities with substantial open storage and workspace.
Property Size3,550 SF
Price / SF$0.85
Days on Market52
Property Features for 578 Aviator Drive
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Office
Site & Location
Neighborhood
Far North Fort Worth
Additional Details
Warehouse Space
2,550 SF
Building Details
Year Built
1998
Listing Agency:
Altera Real Estate Group, LLC
(817) 823-7690
Listed By:
Howard Cox · License #0592390
(817) 251-6418
Source:
Lonestarluxuryrealty
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 30 at 4:36PM
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 Altera Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This 1998 flex property offers approximately 3,550 square feet, combining finished amenities with a large open shop area. The finished portion measures approximately 980 square feet and includes a kitchen, full bathroom, and utility room with connections for a full-size washer and dryer. A separate half bathroom serves the shop area, while a mezzanine provides additional storage.
Approximately 2,550 square feet of open floor area accommodates vehicles, recreational equipment, boats, or other stored items. The property is located at 578 Aviator Drive in Fort Worth, Texas. There is no hangar door, so the space is not configured for aircraft storage.
Approximately 2,550 square feet of open floor area accommodates vehicles, recreational equipment, boats, or other stored items. The property is located at 578 Aviator Drive in Fort Worth, Texas. There is no hangar door, so the space is not configured for aircraft storage.
Key Highlights
- Approximately 3,550 square feet total
- Approximately 980 square feet of finished space with kitchen and full bath
- 2,550 square feet of open floor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,978
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,560
$579.6K
Cap Rate 7%
$413,971
$414.0K
Cap Rate 9%
$321,978
$322.0K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$49.0K $13.80/SF
− Vacancy
−$4.4K −$1.24/SF
EGI
$44.6K $12.56/SF
− OpEx
−$15.6K −$4.40/SF
NOI
$29.0K $8.16/SF
Area
ZIP 76179
Vacancy
9.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,560
Cap Rate 7%
$413,971
Cap Rate 9%
$321,978
Alternative Uses
Best Use
Warehouse
$4.24M
$3.71M – $4.94M
NOI $296,569 @ 7.0% cap · market cap 9,885.63%
Second Best
Industrial
$3.82M
$3.34M – $4.45M
NOI $267,172 @ 7.0% cap · market cap 8,905.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 76179, TX
68,333
Population
26,227
Households
2.6
Avg Household Size
34
Median Age
31%
College-Educated
92%
High-School Grad
51.9 sq mi
ZIP Area
1,317
Density / Sq Mi
$108,428
Median Household Income
$53,878
Median Earnings
$1,840
Median Rent
$299,300
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 - Versatile commercial space combines finished amenities with substantial open storage and workspace.
Where is this flex space located?
The property is located at 578 Aviator Drive Fort Worth, TX.
What are key features of this property?
This property features: Approximately 3,550 square feet total; Approximately 980 square feet of finished space with kitchen and full bath; 2,550 square feet of open floor space
