Auto and Light Industrial
For Sale
Contact for pricing
700 Missouri Ave, Fort Worth, TX 76104
Former auto shop with warehouse space, multiple drive-in doors, and a fenced yard for flexible industrial or service use.
Property Size12,280 SF
Lot Size0.71 Acres
Price / SF$154.72
Days on Market213
Property Features for 700 Missouri Ave
General Information
Standard status
Active
Size
12,280 SF
Lot size
0.71 Acres
Property subtype
INDUSTRIAL
Zoning
NS
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
22 ft
Heavy Power
Yes
Listing Agency:
Team & Vasseur Commercial Real Estate
(817) 335-7575
Listed By:
Philip Samples · License #553590
(214) 586-8584
Source:
Moodyscre
Added: Feb 13
Changed: Sep 6
Last Checked: Sep 13 at 10:12AM
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 Team & Vasseur Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale auto and light industrial property includes warehouse space with a minimal office component. The building features ceiling heights ranging from 14' to 22' and is served by 3-phase/240V electric. Multiple drive-in doors and an enclosed, fenced yard support practical vehicle and equipment movement.
The property is located in Fort Worth near Southside, just off I-35. It sits on a 0.71-acre lot.
Ideal for owner-users or investors seeking a functional auto/industrial setup, the site combines loading/drive-in access with yard space while keeping office requirements limited.
The property is located in Fort Worth near Southside, just off I-35. It sits on a 0.71-acre lot.
Ideal for owner-users or investors seeking a functional auto/industrial setup, the site combines loading/drive-in access with yard space while keeping office requirements limited.
Key Highlights
- 12,280 SF (+/-) former auto shop/warehouse (Building 2) on 0.71 acres (+/-)
- Multiple drive‑in doors plus fenced yard for automotive or light industrial operations
- Ceiling heights range from 14' to 22'
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
$99,687
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
5.25%
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%
$1,993,740
$2.0M
Cap Rate 7%
$1,424,100
$1.4M
Cap Rate 9%
$1,107,633
$1.1M
Market Conditions
NOI Build-Up for 12,280 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
$169.5K $13.80/SF
− Vacancy
−$16.1K −$1.31/SF
EGI
$153.4K $12.49/SF
− OpEx
−$53.7K −$4.37/SF
NOI
$99.7K $8.12/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,993,740
Cap Rate 7%
$1,424,100
Cap Rate 9%
$1,107,633
Alternative Uses
Best Use
Retail
$2.82M
$2.47M – $3.29M
NOI $197,383 @ 7.0% cap · market cap 10.39%
Second Best
Flex RnD
$1.42M
$1.25M – $1.66M
NOI $99,687 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$4.46M
$3.90M – $5.20M
NOI $312,256 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
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
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- Wildcraft Coffee — 105 S Main St, Fort Worth, TX 76104
Frequently Asked Questions
What type of property is this?
Flex space - Former auto shop with warehouse space, multiple drive-in doors, and a fenced yard for flexible industrial or service use.
Where is this flex space located?
The property is located at 700 Missouri Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 12,280 SF (+/-) former auto shop/warehouse (Building 2) on 0.71 acres (+/-); Multiple drive‑in doors plus fenced yard for automotive or light industrial operations; Ceiling heights range from 14' to 22'
