Multi-Tenant Warehouse with Drive-In
5940 Kroger Drive #10, Fort Worth, TX 76244
For Sale
New
$2,500,000
The light-industrial property is 96% occupied across multiple tenant spaces.
Property Size16,150 SF
Price / SF$154.80
Days on Market3
Property Features for 5940 Kroger Drive #10
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Covenant Realty Group
Listed By:
Peter Konopka · License #0465328
(817) 715-1931
Source:
Bsare
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 6:38PM
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 Covenant Realty Group
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Investment Insights
Based on property information with market context.
Built in 2001, this freestanding warehouse and office property is configured for multiple tenants, with drive-in access serving each warehouse suite. The building is 96% leased, and its zoning is Light Industrial. Most newer leases include annual rent increases of 3%, with tenants responsible for their pro rata share of taxes, insurance, and CAM. One established tenant extended its lease for five years in 2026, while another recently began a five-year term.
The property occupies a corner at Kroger Drive and Park Vista Circle, about 500 feet from Highway 377. The surrounding area includes residential neighborhoods, retail centers, and distribution facilities in the Alliance market. The location serves Fort Worth, Keller, and nearby communities.
The property occupies a corner at Kroger Drive and Park Vista Circle, about 500 feet from Highway 377. The surrounding area includes residential neighborhoods, retail centers, and distribution facilities in the Alliance market. The location serves Fort Worth, Keller, and nearby communities.
Key Highlights
- 96% leased to multiple tenants
- Each warehouse suite has drive‑in bay access
- Built in 2001 and zoned Light Industrial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,810
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,236,200
$2.2M
Cap Rate 7%
$1,597,286
$1.6M
Cap Rate 9%
$1,242,333
$1.2M
Market Conditions
NOI Build-Up for 16,150 SF
Gross rent
$145.4K $9.00/SF
− Vacancy
−$13.8K −$0.86/SF
EGI
$131.5K $8.15/SF
− OpEx
−$19.7K −$1.22/SF
NOI
$111.8K $6.92/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,236,200
Cap Rate 7%
$1,597,286
Cap Rate 9%
$1,242,333
Alternative Uses
Best Use
Warehouse
$1.60M
$1.40M – $1.86M
NOI $111,810 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.87M
$5.13M – $6.84M
NOI $410,662 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
96%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76244, TX
77,154
Population
26,098
Households
3
Avg Household Size
33
Median Age
45%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
5,178
Density / Sq Mi
$119,542
Median Household Income
$62,021
Median Earnings
$1,954
Median Rent
$363,200
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Fort Worth, TX
Properties on Market for Warehouses in Fort Worth
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- We Can Help Moving and More LLC — 9500 Ray White Rd STE 200, Fort Worth, TX 76244
- VIRTUAL WAREHOUSE SPACE — 9500 Ray White Rd, Fort Worth, TX 76244
- Self Storage — 5751 kroger dr, keller, tx 76244
- Self Storage Near Keller — 5751 Kroger Dr, Keller, TX 76244
- Public Storage — 5800 Wall Price Keller Rd, Fort Worth, TX 76244
Frequently Asked Questions
What type of property is this?
Warehouse - The light-industrial property is 96% occupied across multiple tenant spaces.
Where is this warehouse located?
The property is located at 5940 Kroger Drive #10 Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 96% leased to multiple tenants; Each warehouse suite has drive‑in bay access; Built in 2001 and zoned Light Industrial
