Furnished Climate-Controlled Flex
For Sale
Under Contract
$600,000
9734 Wildflower Way, Justin, TX 76247
CommercialSale, Dish, TX
Property Size3,000 SF
Lot Size1.24 Acres
Price / SF$200
Days on Market80
Property Features for 9734 Wildflower Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
PD
Subdivision
Green Prairie Estates Ph Two
Directions
FM 156 North of Justin to Eakin Cemetery Rd turn left, turn right on Tim Donald - Turn right on Wildflower Way building is the second one on the left
Standard status
Active Under Contract
APN
R982375
Lot size
1.24 Acres
Taxes and HOA fees
Tax Description
GREEN PRAIRIE ESTATES PH TWO BLK A LOT 5B
Tax Annual Amount
8889
Legal Description
GREEN PRAIRIE ESTATES PH TWO BLK A LOT 5B
Utilities
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2021
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
United Real Estate DFW
(817) 360-8499
Listed By:
Christie Christian · License #0627699
(817) 932-2339
Added: Jun 29
Changed: Sep 12
Last Checked: Sep 16 at 9:06AM
MLS# 21147768
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this 3,000 SF flex building is configured as a fully enclosed, climate-controlled workspace on a private 1.24-acre lot. The property includes furnishings, an office setup, and kitchen appliances, allowing an owner-user to occupy the space without starting from an unfinished shell. Concrete flooring, metal siding, and a metal roof complete the building improvements.
The layout supports professional offices, showroom warehouse use, or light assembly. Foam encapsulation contributes to stable interior conditions, while central air and electric heating provide year-round climate control. The site has private access, public water, and a septic tank. The property also includes parking and is designed to combine workspace with storage in a single flexible facility.
The layout supports professional offices, showroom warehouse use, or light assembly. Foam encapsulation contributes to stable interior conditions, while central air and electric heating provide year-round climate control. The site has private access, public water, and a septic tank. The property also includes parking and is designed to combine workspace with storage in a single flexible facility.
Key Highlights
- 3,000 SF flex building constructed in 2021
- Private 1.24‑acre lot with private access
- Furnished interior includes office setup and kitchen appliances
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
35
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Fully enclosed space combines office improvements, storage capacity, and a flexible layout 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 flex building constructed in 2021; Private 1.24‑acre lot with private access; Furnished interior includes office setup and kitchen appliances
