Commercial Property with Diverse
5796 E Hwy 114 Haslet, TX 76052
For Sale
Contact for pricing
Four buildings on 2.186 acres with staggered lease terms.
Property Size21,500 SF
Lot Size2.19 Acres
Price / SF$262.79
Days on Market67
Property Features for 5796 E Hwy 114
General Information
- Standard status
- Active
- Size
- 21,500 SF
- Lot size
- 2.19 Acres
- Property subtype
- Retail, Office
Listing Agency:
Pierce Investments
Listed By:
Randy Pierce · License #TX
Source:
Crexi
Added: May 21
Changed: Jul 10
Last Checked: Jul 25 at 3:53AM
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 Pierce Investments
Investment Insights
Based on property information with market context.
This commercial property features four buildings situated on a 2.186-acre site. Located at the southeast corner of SH 114 and CR 4841, the property has an 83% occupancy rate. The leasable space totals 21,500 square feet and is occupied by nine tenants. The tenant mix is diverse, including an oil industry service company, a doctor’s office, a pharmacy, general contractors, and insurance companies. Each tenant's lease incorporates annual rate escalations, and the lease terms are staggered over the next eight years.
Key Highlights
- High occupancy rate of 83% indicating strong income potential.
- Diverse tenant mix reduces risk and provides stable income streams.
- 2.186‑acre site at the corner of SH 114 and CR 4841 offers high visibility and accessibility.
Financial Insights For Retail
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 | $536.6k | $24.96 |
| − Vacancy | −$26.8k | −$1.25 |
| EGI | $509.8k | $23.71 |
| − OpEx | −$152.9k | −$7.11 |
| NOI | $356.9k | $16.60 |
21,500 SF · lease $24.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.10M
$4.46M – $5.95M
NOI $356,866 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.56M
$6.62M – $8.82M
NOI $529,416 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
FAQs
What type of property is this?
Shopping center - Four buildings on 2.186 acres with staggered lease terms.
Where is this shopping center located?
The property is located at 5796 E Hwy 114 Haslet, TX.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: High occupancy rate of 83% indicating strong income potential.; Diverse tenant mix reduces risk and provides stable income streams.; **2.186‑acre site at the corner of SH 114 and CR 4841 offers high visibility and accessibility.**
