Multi-Tenant Industrial
New
For Sale
$2,500,000
5940 Kroger Drive, Fort Worth, TX 76244
CommercialSale, Fort Worth, TX
Property Size16,010 SF
Lot Size0.99 Acres
Price / SF$156.15
Days on Market4
Property Features for 5940 Kroger Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Light Industrial
Parking features
Open, Parking Lot, Assigned
Subdivision
Park Vista Bus Park Add
Lot features
Corner Lot, Landscaped, Sprinkler System
Directions
GPS location 5940 Kroger Dr. Fort Worth TX 76244
Standard status
Active
APN
07520018
Lot size
0.99 Acres
Taxes and HOA fees
Tax Description
PARK VISTA BUSINESS PARK ADDN BLOCK 5 LOT 6
Tax Annual Amount
30099
Legal Description
PARK VISTA BUSINESS PARK ADDN BLOCK 5 LOT 6
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Zoned
Cooling system
Central Air, Multi Units, Zoned, Electric
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
10
Flooring type
Concrete, Carpet, Paintedstained
Building materials
AluminumSiding
Roof type
Metal
Listing Agency:
Covenant Realty Group
Listed By:
Peter Konopka · License #0465328
(817) 715-1931
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 3 at 11:06AM
MLS# 21400180
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 16,010-SF freestanding warehouse and office property was built in 2001 on 0.99 acres. Warehouse suites have drive-in bays, and the building is 96% leased to multiple occupants. Paul Paint and Body Shop renewed in 2026 for a five-year term; Optik Kleer began a separate five-year lease. Most new leases include annual 3% rent escalations, with tenants responsible for their pro rata shares of taxes, insurance, and CAM.
At the corner of Kroger Drive and Park Vista Circle, the property is 500 feet from Highway 377 and records 18,788 CPD. The surrounding area includes residential development, retail centers, and distribution hubs in the Alliance market. Public water and sewer serve the site.
At the corner of Kroger Drive and Park Vista Circle, the property is 500 feet from Highway 377 and records 18,788 CPD. The surrounding area includes residential development, retail centers, and distribution hubs in the Alliance market. Public water and sewer serve the site.
Key Highlights
- 16,010 SF freestanding warehouse and office building on 0.99 acres
- 96% leased to multiple tenants
- Drive‑in bays serve all warehouse suites
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,841
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,216,820
$2.2M
Cap Rate 7%
$1,583,443
$1.6M
Cap Rate 9%
$1,231,567
$1.2M
Market Conditions
NOI Build-Up for 16,010 SF
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.
Gross rent
$144.1K $9.00/SF
− Vacancy
−$13.7K −$0.86/SF
EGI
$130.4K $8.15/SF
− OpEx
−$19.6K −$1.22/SF
NOI
$110.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,216,820
Cap Rate 7%
$1,583,443
Cap Rate 9%
$1,231,567
Alternative Uses
Best Use
Warehouse
$1.58M
$1.39M – $1.85M
NOI $110,841 @ 7.0% cap · market cap 4.43%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $101,018 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$5.82M
$5.09M – $6.79M
NOI $407,102 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
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- 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 - Warehouse suites feature drive-in access, with occupancy supported by multiple tenants.
Where is this warehouse located?
The property is located at 5940 Kroger Drive 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: 16,010 SF freestanding warehouse and office building on 0.99 acres; 96% leased to multiple tenants; Drive‑in bays serve all warehouse suites
