Freestanding Office
For Sale
Contact for pricing
753 LONESOME DOVE TR, Hurst, TX 76054
Recently improved office property with O-2 zoning and convenient connections to Highway 183 and Highway 121.
Property Size2,000 SF
Price / SF$314.16
Days on Market23
Property Features for 753 LONESOME DOVE TR
General Information
Standard status
Active
Size
2,000 SF
Property subtype
OFFICE
Zoning
O-2
Property Condition
Severity
Repairs Needed
Evidence
minimal immediate capital needs
Additional Details
Furnished
Yes
Highway Access
Yes
Building Details
Buildings
1
Building Size
2,000 SF
Listing Agency:
Wingert Real Estate Company
(214) 675-7583
Listed By:
George E O'Reilly
(806) 438-4018
Source:
Moodyscre
Added: Aug 18
Changed: Sep 8
Last Checked: Sep 8 at 10:42AM
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 Wingert Real Estate Company
Investment Insights
Based on property information with market context.
This freestanding office building at 753 Lonesome Dove Tr in Hurst, Texas, has undergone recent improvements that include replacement windows, a new roof, and new gutters. The property is described as move-in ready and requires minimal immediate capital work. Furniture is in place, with its purchase available through a separate agreement.
The office is zoned O-2, an Office District designation, and offers access to major highways including Highway 183 and Highway 121. Its standalone configuration and updated building components provide a practical setting for an office user seeking an existing commercial property.
The office is zoned O-2, an Office District designation, and offers access to major highways including Highway 183 and Highway 121. Its standalone configuration and updated building components provide a practical setting for an office user seeking an existing commercial property.
Key Highlights
- Freestanding office building at 753 Lonesome Dove Tr, Hurst, TX 76054
- PropertySize: 2069 square feet
- Recent improvements include new windows, roof, and gutters
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
$35,752
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
5.50%
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%
$715,040
$715.0K
Cap Rate 7%
$510,743
$510.7K
Cap Rate 9%
$397,244
$397.2K
Market Conditions
NOI Build-Up for 2,069 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
$63.6K $30.72/SF
− Vacancy
−$15.9K −$7.68/SF
EGI
$47.7K $23.04/SF
− OpEx
−$11.9K −$5.76/SF
NOI
$35.8K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$715,040
Cap Rate 7%
$510,743
Cap Rate 9%
$397,244
Alternative Uses
Best Use
Office B
$510.7K
$446.9K – $595.9K
NOI $35,752 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.8K
$636.8K – $849.1K
NOI $50,947 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 76054, TX
12,120
Population
4,702
Households
2.6
Avg Household Size
47
Median Age
48%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
3,189
Density / Sq Mi
$108,907
Median Household Income
$55,617
Median Earnings
$1,464
Median Rent
$356,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently improved office property with O-2 zoning and convenient connections to Highway 183 and Highway 121.
Where is this office building located?
The property is located at 753 LONESOME DOVE TR Hurst, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Freestanding office building at 753 Lonesome Dove Tr, Hurst, TX 76054; PropertySize: 2069 square feet; Recent improvements include new windows, roof, and gutters
