Building Details

Buildings 1

Tenancy Multi

Listing Agency: NAI Robert Lynn Fort Worth

Listed By: Jon McDaniel · License #TX 552186 Show Phone

Source: Crexi

Added: Feb 23, 2024 Changed: Oct 14 Last Checked: Oct 20 at 9:17PM

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Investment Insights

Based on property information with market context.

This industrial property, located in Fort Worth, Texas, offers 29,202 square feet of space. It is suitable for industrial use.

Key Highlights

• Industrial Property
• 29,202 SqFt

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$184,255

Cap Rate

3.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,685,100 $3.7M

Cap Rate 7%

$2,632,214 $2.6M

Cap Rate 9%

$2,047,278 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 29,202 SF

Gross rent

$290.9K $9.96/SF

− Vacancy

−$27.6K −$0.95/SF

EGI

$263.2K $9.01/SF

− OpEx

−$79.0K −$2.70/SF

NOI

$184.3K $6.31/SF

Area

Fort Worth, TX

Vacancy

9.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,685,100

Cap Rate 7%

$2,632,214

Cap Rate 9%

$2,047,278

Alternative Uses

Best Use

Industrial

$2.63M

$2.30M – $3.07M (±1% cap)

NOI $184,255 @ 7.0% cap · market cap 3.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$10.61M

$9.28M – $12.38M (±1% cap)

NOI $742,548 @ 7.0% cap · market cap 12.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

460

Businesses Nearby

Explore this area Business Placement

Demographics for 76040, TX

31,899

Population

12,912

Households

2.5

Avg Household Size

35

Median Age

30%

College-Educated

88%

High-School Grad

7.8 sq mi

ZIP Area

4,090

Density / Sq Mi

$69,683

Median Household Income

$41,493

Median Earnings

$1,245

Median Rent

$281,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - 29,202 SqFt industrial property available for sale.

Where is this industrial property located?

The property is located at 12300 S Pipeline Rd. Fort Worth, TX.

What is the asking price?

The asking price for this property is $6,000,000.

What are key features of this property?

This property features: Industrial Property; 29,202 SqFt