Justin TX Multi-Unit Investment
For Sale
$1,400,000
9717 Industrial Road, Justin, TX 76247
7-unit property in Justin, TX with growth potential.
Property Size13,589 SF
Lot Size1.00 Acre
Price / SF$103.02
Days on Market101
Property Features for 9717 Industrial Road
General Information
Standard status
Active
Size
13,589 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
Ebby Halliday, REALTORS
(972) 948-6562
Listed By:
Courtney Moeller · License #755436
(972) 948-6562
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 25 at 3:19PM
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 Ebby Halliday, REALTORS
Investment Insights
Based on property information with market context.
Located at 9717 Industrial Road in Justin, Texas, this investment opportunity features a 7-unit property situated in the Dallas-Fort Worth-Arlington metro submarket. The property contains a total of 13,736 square feet on approximately 1 acre of land. The location benefits from sustained residential and commercial expansion, with Justin experiencing annual growth rates near 5%, rendering an almost 40% increase since 2020. This asset is positioned for investors targeting mid- to long-term income, portfolio diversification, and exposure to one of the metroplex's emerging growth corridors. The property offers a stable cash-flow foundation with upside potential tied to rental rate growth and future market appreciation.
Key Highlights
- 7‑unit property in Justin, Texas, a rapidly growing area.
- Located in a market experiencing sustained residential and commercial expansion.
- Strong growth dynamics with annual growth rates near 5% since 2020.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.3k | $8.04 |
| − Vacancy | −$9.6k | −$0.71 |
| EGI | $99.6k | $7.33 |
| − OpEx | −$14.9k | −$1.10 |
| NOI | $84.7k | $6.23 |
13,589 SF · lease $8.04/SF/yr · vacancy 8.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,695 @ 7.0% cap · market cap 6.05%
Second Best
Industrial
$996.4K
$871.9K – $1.16M
NOI $69,749 @ 7.0% cap · market cap 4.98%
Theoretical Best
Multifamily LT 5
$190.03M
$166.28M – $221.71M
NOI $13,302,405 @ 7.0% cap · market cap 950.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76247, TX
17,178
Population
6,610
Households
2.6
Avg Household Size
36
Median Age
34%
College-Educated
97%
High-School Grad
74.4 sq mi
ZIP Area
231
Density / Sq Mi
$123,173
Median Household Income
$61,878
Median Earnings
$2,070
Median Rent
$372,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Texas Ice Cream — 14920 fm156, justin, tx 76247
- Texas Ice Cream — 14920 FM 156 S, Justin, TX 76247
Frequently Asked Questions
What type of property is this?
Flex space - 7-unit property in Justin, TX with growth potential.
Where is this flex space located?
The property is located at 9717 Industrial Road Justin, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7‑unit property in Justin, Texas, a rapidly growing area.; Located in a market experiencing sustained residential and commercial expansion.; Strong growth dynamics with annual growth rates near 5% since 2020.
