Building Details

Buildings 5

Listing Agency: Capstone Commercial Real Estate Group LLC

Listed By: David Martin · License #0476787 Show Phone

Source: Crexi

Added: Jul 23, 2022 Changed: Oct 20 Last Checked: Oct 24 at 2:27PM

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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 Capstone Commercial Real Estate Group LLC

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Investment Insights

Based on property information with market context.

This industrial property offers 40,440 square feet of warehouse space. Located in Hurst, Texas, this property is available for sale.

Key Highlights

• Industrial Property
• 40,440 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$281,214

Cap Rate

7.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,624,280 $5.6M

Cap Rate 7%

$4,017,343 $4.0M

Cap Rate 9%

$3,124,600 $3.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 40,440 SF

Gross rent

$364.0K $9.00/SF

− Vacancy

−$33.1K −$0.82/SF

EGI

$330.8K $8.18/SF

− OpEx

−$49.6K −$1.23/SF

NOI

$281.2K $6.95/SF

Area

Tarrant County, TX

Vacancy

9.10%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,624,280

Cap Rate 7%

$4,017,343

Cap Rate 9%

$3,124,600

Alternative Uses

Best Use

Warehouse

$4.02M

$3.52M – $4.69M (±1% cap)

NOI $281,214 @ 7.0% cap · market cap 7.50%

Second Best

Industrial

$3.26M

$2.85M – $3.80M (±1% cap)

NOI $228,021 @ 7.0% cap · market cap 6.08%

Theoretical Best

Office A

$14.23M

$12.45M – $16.60M (±1% cap)

NOI $995,795 @ 7.0% cap · market cap 26.55%

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

Property Analytics

Current Use

Warehouses

Location Intelligence

Trade Area within ½ mile

562

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 76053, TX

31,935

Population

12,803

Households

2.5

Avg Household Size

36

Median Age

29%

College-Educated

87%

High-School Grad

8.1 sq mi

ZIP Area

3,943

Density / Sq Mi

$62,402

Median Household Income

$39,147

Median Earnings

$1,322

Median Rent

$254,800

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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Similar Off Market Nearby

• Nearby Self Storage Units- Fort Worth, TX — 348 e hurst blvd, hurst, tx 76053
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• self storage — hurst, tx 76053

Frequently Asked Questions

What type of property is this?

Warehouse - 40,440 SF industrial space for sale in Hurst, TX.

Where is this warehouse located?

The property is located at Raider Portfolio Hurst, TX.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Industrial Property; 40,440 SF