Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Property with Diverse Tenants Title is generated by Realmo AI

    5796 E Hwy 114, Haslet, TX 76052

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Four buildings on 2.186 acres with staggered lease terms.

    Type:Retail, Office
    Property size:
    21,500 SF
    Lot size:
    2.19 Acres
    Price / SF:
    $262/SF
    Added:
    May 21, 2026
    Days on Market:
    8
    Last Refresh:
    May 27 at 8:16 am

    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

    We can help!

    Listing Contact
    Randy Pierce

    Listing agent Randy Pierce License #TX

    Listing office Pierce Investments

    Listing date May 21, 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 Pierce Investments

    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.
    • 21,500 square feet of leasable space provides substantial income potential.
    • Leases include annual rate escalations, ensuring increasing revenue.
    • Staggered lease terms over the next eight years provide long‑term income stability.

    Overview

    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.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $4.13M
    NOI $371,520 @ 9.00% cap · cautious / downside scenario
    Moderate
    $5.31M
    NOI $371,520 @ 7.00% cap · market / base-case scenario
    Aggressive
    $7.43M
    NOI $371,520 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $660.5k $30.72
    − Vacancy −$165.1k −$7.68
    EGI $495.4k $23.04
    − OpEx −$123.8k −$5.76
    NOI $371.5k $17.28
    21,500 SF · lease $30.72/SF/yr · vacancy 25.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $5.31M
    $4.64M – $6.19M (±1% cap)
    NOI $371,520 @ 7.0% cap · market cap 6.58%
    Second Best
    Retail
    $5.10M
    $4.46M – $5.95M (±1% cap)
    NOI $356,866 @ 7.0% cap · market cap 6.32%
    Theoretical Best
    Office A
    $7.56M
    $6.62M – $8.82M (±1% cap)
    NOI $529,416 @ 7.0% cap · market cap 9.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Pharmacy Auto Repair Shop Auto Parts Store Department Store Gym & Fitness Center Kitchen & Bath Showroom HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Haslet
    County
    Tarrant
    State
    Texas
    Longitude
    -97.438486
    Latitude
    33.035292

    Nearby Similar for Sale

    • $749,000

      Remodeled Cottage on Ranch Land

      Four-bedroom home on almost three acres, potential income property.
      10817 Ridge Country Court, Haslet, TX 76052
      View Details
    • $9,103,000
      4,853 SF

      New 7-Eleven with Corporate Lease

      New construction 7-Eleven with 15-year corporate lease near Kroger.
      14900 Sendera Ranch Blvd, Haslet, TX
      View Details
    • Contact for pricing
      5,527 SF

      Truck Terminal with Parking Spaces

      5 AC truck terminal with 90 parking spaces.
      2555 Blue Mound Rd W, Haslet, TX 76052
      View Details
    • Contact for pricing
      21,000 SF

      21,000 SF Industrial Buildings

      Two industrial buildings totaling 21,000 SF for sale.
      636 Co Rd 4841, Haslet, TX 76052
      View Details

    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.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Randy Pierce
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5796 E. Hwy 114, Haslet, TX 76052
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!