New-Build Flex Space with
For Sale
Contact for pricing
708 Corry A Edwards Dr, Kennedale, TX 76060
Insulated warehouse space connects with customer-facing retail and office areas plus a secured concrete yard.
Property Size5,000 SF
Price / SF$220
Days on Market153
Property Features for 708 Corry A Edwards Dr
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial, Office, Retail
Additional Details
Outdoor Storage
Yes
Warehouse Space
4,300 SF
Building Details
Building Size
5,000 SF
Listing Agency:
Team & Vasseur
Listed By:
Bill Tinsley · License #TX 0456252
Source:
Crexi
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 9:27AM
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
Investment Insights
Based on property information with market context.
This new-build flex property combines an insulated warehouse with a customer-facing retail and office storefront. The warehouse contains 4,300 SF (+/-) and is equipped with three 12' x 16' overhead doors. The 700 SF (+/-) storefront includes two offices, a glass retail entrance, and one restroom, creating a practical mix of service, administrative, and storage space.
A fully concrete parking and storage yard extends the property’s utility for fleet parking or outdoor inventory. The site is positioned for access to Fort Worth, Mansfield, Arlington, and Kennedale, supporting businesses that need both a public-facing presence and substantial equipment or materials storage.
A fully concrete parking and storage yard extends the property’s utility for fleet parking or outdoor inventory. The site is positioned for access to Fort Worth, Mansfield, Arlington, and Kennedale, supporting businesses that need both a public-facing presence and substantial equipment or materials storage.
Key Highlights
- 5,000 SF (+/-) total building area
- 4,300 SF (+/-) insulated warehouse
- Three 12' x 16' overhead doors
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
$82,992
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
7.54%
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%
$1,659,840
$1.7M
Cap Rate 7%
$1,185,600
$1.2M
Cap Rate 9%
$922,133
$922.1K
Market Conditions
NOI Build-Up for 5,000 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
$124.8K $24.96/SF
− Vacancy
−$6.2K −$1.25/SF
EGI
$118.6K $23.71/SF
− OpEx
−$35.6K −$7.11/SF
NOI
$83.0K $16.60/SF
Area
Tarrant County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,659,840
Cap Rate 7%
$1,185,600
Cap Rate 9%
$922,133
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.38M
NOI $82,992 @ 7.0% cap · market cap 7.54%
Second Best
Flex RnD
$784.5K
$686.4K – $915.2K
NOI $54,912 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,120 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated warehouse space connects with customer-facing retail and office areas plus a secured concrete yard.
Where is this flex space located?
The property is located at 708 Corry A Edwards Dr Kennedale, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,000 SF (+/-) total building area; 4,300 SF (+/-) insulated warehouse; Three 12' x 16' overhead doors
