Climate-Controlled Flex
New
For Sale
$600,000
9734 Wildflower Way, Justin, TX 76247
Furnished flex facility with office setup, kitchen appliances, and enclosed workspace for professional or light-assembly use.
Property Size3,000 SF
Lot Size1.24 Acres
Price / SF$200
Days on Market7
Property Features for 9734 Wildflower Way
General Information
Standard status
Active
Size
3,000 SF
Lot size
1.24 Acres
Property subtype
Commercial
Zoning
PD
Additional Details
Conditioned Warehouse
Yes
Building Details
Building Size
3,000 SF
Year Built
2021
Buildings
1
Stories
1
Units
1
Listing Agency:
United Real Estate DFW
(817) 319-7955
Listed By:
Christie Christian · License #0627699
(817) 319-7955
Source:
1111brokerage
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 28 at 11:32AM
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 United Real Estate DFW
Investment Insights
Based on property information with market context.
Built in 2021, this 3,000 SF flex property sits on a private 1.24-acre lot at 9734 Wildflower Way in Dish, Texas. The climate-controlled building is furnished with an office setup and kitchen appliances, providing an established workspace with enclosed areas for storage, showroom, or light assembly operations.
PD zoning supports professional office, showroom warehouse, and fully enclosed light-assembly uses. Foam encapsulation contributes to year-round climate stability and energy efficiency. The property also includes private access and parking, with a flexible interior configuration suited to owner-user occupancy.
PD zoning supports professional office, showroom warehouse, and fully enclosed light-assembly uses. Foam encapsulation contributes to year-round climate stability and energy efficiency. The property also includes private access and parking, with a flexible interior configuration suited to owner-user occupancy.
Key Highlights
- 3,000 SF climate‑controlled flex building on a private 1.24‑acre lot
- Built in 2021 with foam encapsulation for climate stability and energy efficiency
- Furnished office setup and kitchen appliances included
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
$18,698
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
3.12%
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%
$373,960
$374.0K
Cap Rate 7%
$267,114
$267.1K
Cap Rate 9%
$207,756
$207.8K
Market Conditions
NOI Build-Up for 3,000 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
$24.1K $8.04/SF
− Vacancy
−$2.1K −$0.71/SF
EGI
$22.0K $7.33/SF
− OpEx
−$3.3K −$1.10/SF
NOI
$18.7K $6.23/SF
Area
Denton County, TX
Vacancy
8.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$373,960
Cap Rate 7%
$267,114
Cap Rate 9%
$207,756
Alternative Uses
Best Use
Warehouse
$267.1K
$233.7K – $311.6K
NOI $18,698 @ 7.0% cap · market cap 3.12%
Second Best
Industrial
$220.0K
$192.5K – $256.6K
NOI $15,398 @ 7.0% cap · market cap 2.57%
Theoretical Best
Multifamily LT 5
$41.95M
$36.71M – $48.95M
NOI $2,936,729 @ 7.0% cap · market cap 489.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
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.
Frequently Asked Questions
What type of property is this?
Flex space - Furnished flex facility with office setup, kitchen appliances, and enclosed workspace for professional or light-assembly use.
Where is this flex space located?
The property is located at 9734 Wildflower Way Justin, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,000 SF climate‑controlled flex building on a private 1.24‑acre lot; Built in 2021 with foam encapsulation for climate stability and energy efficiency; Furnished office setup and kitchen appliances included
