Industrial-Zoned Mixed-Use
For Sale
Contact for pricing
755 N Burleson Blvd, Burleson, TX 76028
Industrial-zoned property with multiple improvements, tenant occupancy, outside storage, and an available office suite.
Property Size15,706 SF
Lot Size7.28 Acres
Price / SF$333.95
Days on Market12
Property Features for 755 N Burleson Blvd
General Information
Standard status
Active
Size
15,706 SF
Lot size
7.28 Acres
Property subtype
Mixed Use
Zoning
Industrial
Occupancy
93%
Investment Type
Value Add
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Amenities
outside storage
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
Formation Real Estate LLC
(817) 368-6050
Listed By:
Grace Ruby · License #754006
Source:
Crexi
Added: Jul 31
Changed: Aug 10
Last Checked: Aug 10 at 9:01AM
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 Formation Real Estate LLC
Investment Insights
Based on property information with market context.
This mixed-use property comprises 7.28 acres with 15,706 SF of improvements and an industrial zoning designation. The site includes a primary equine hospital facility with stalls, operating rooms, and offices, along with a separate building. A metal flex structure contains five suites, including space used by a farrier, plumber, granite company, and contractor storage operation. Suite C3 provides the only vacancy, offering 1,000 SF of office space. Overall occupancy is 93.6%, with rent generated from five tenants.
The property fronts I-35W on the west side of the interstate between Alsbury Blvd and SH 174. It is approximately half a mile from Spinks Airport and 12 miles from downtown Fort Worth. Water and electric service are present, and outside storage is permitted. SH 174 is scheduled to begin widening to six lanes in 2026.
The property fronts I-35W on the west side of the interstate between Alsbury Blvd and SH 174. It is approximately half a mile from Spinks Airport and 12 miles from downtown Fort Worth. Water and electric service are present, and outside storage is permitted. SH 174 is scheduled to begin widening to six lanes in 2026.
Key Highlights
- 7.28‑acre mixed‑use property with 15,706 SF of existing improvements
- 93.6% leased with rent from five tenants
- Main facility includes stalls, operating rooms, and offices
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
$262,715
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
5.01%
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%
$5,254,300
$5.3M
Cap Rate 7%
$3,753,071
$3.8M
Cap Rate 9%
$2,919,056
$2.9M
Market Conditions
NOI Build-Up for 15,706 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
$482.5K $30.72/SF
− Vacancy
−$132.2K −$8.42/SF
EGI
$350.3K $22.30/SF
− OpEx
−$87.6K −$5.58/SF
NOI
$262.7K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
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%
$5,254,300
Cap Rate 7%
$3,753,071
Cap Rate 9%
$2,919,056
Alternative Uses
Best Use
Office B
$3.75M
$3.28M – $4.38M
NOI $262,715 @ 7.0% cap · market cap 5.01%
Second Best
Healthcare Medical
$3.32M
$2.90M – $3.87M
NOI $232,390 @ 7.0% cap · market cap 4.43%
Theoretical Best
Multifamily LT 5
$188.26M
$164.73M – $219.64M
NOI $13,178,363 @ 7.0% cap · market cap 251.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 76028, TX
74,023
Population
27,928
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
77.5 sq mi
ZIP Area
955
Density / Sq Mi
$100,125
Median Household Income
$53,464
Median Earnings
$1,691
Median Rent
$294,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Industrial-zoned property with multiple improvements, tenant occupancy, outside storage, and an available office suite.
Where is this mixed-use property located?
The property is located at 755 N Burleson Blvd Burleson, TX.
What is the asking price?
The asking price for this property is $5,245,000.
What are key features of this property?
This property features: 7.28‑acre mixed‑use property with 15,706 SF of existing improvements; 93.6% leased with rent from five tenants; Main facility includes stalls, operating rooms, and offices
