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    11180 Fm 156 Justin, TX 76247
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    11180 Fm 156 Justin, TX 76247

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    • Flex space
    For Lease
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    Move-in Ready Space in Justin, TX For Lease
    Contact for pricing
    2,000 SF

    Move-in Ready Space in Justin, TX

    New business park with flexible, divisible spaces in growing area.

    11180 FM156, Justin, TX 76247
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    Property ID
    US83-2087771
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Justin North Business park / Warehouse & Storage

    Property Details for 11180 Fm 156

    Year built
    2024
    Property type
    Flex space
    Property subtype
    Office Units

    Description

    New Business Park with move in ready space. Divisible to 2,000 SF, will install demising wall upon lease. Negotiable on additional tenant improvements to suit. Large standalone units available. Take advantage of this location with prime exposure on FM 156 in rapidly growing Justin/Northlakes, TX. Smaller suites available or large option. Make sure you take advantage while you can. High traffic / High visibility / High Demand Area in Denton County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Justin
    County
    Denton
    State
    Texas
    Longitude
    -97.289613
    Latitude
    33.129633

    Comparable in this City

    • New
      $2,000 /Mo
      101,930 SF

      New Industrial Flex Space Available

      New construction flex spaces ideal for office, storage, or light industrial.
      17332 Gaffield Rd, Justin, TX 76247
      View Details
    • $10 SF/Yr
      1,750 SF

      Industrial Flex Space For Lease

      Industrial flex space with overhead doors, easy highway access.
      15137 S County Line Rd, Justin, TX 76247
      View Details
    • $1,799 /Mo
      7,492 SF

      Retail Space in High-Traffic Location

      Prime retail space in Justin, TX, ideal for restaurant/takeout.
      501 Fm 156, Justin, TX 76247
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 15520 Hwy. 114.
      15520 Highway 114, Justin, TX 76247
      View Details
    • $33 SF/Yr
      8,015 SF

      Justin Town Square Office Space

      Prime Denton County Office Suites Available
      0 Fm 156, Ponder, TX 76247
      View Details
    • $25 SF/Yr
      4,900 SF

      Justin Retail Space - New Development

      4,900 SF Retail Shell Space Available
      0 Fm 407, Justin, TX 76247
      View Details

    Similar Nearby for Sale

    • New
      $4,850,000
      36,000 SF

      New Industrial Park Pre-Leasing

      New mini industrial park with flexible units for lease.
      17332 Gaffield Rd, Justin, TX 76247
      View Details
    • $325,000
      912 SF

      Versatile Commercial Property in Justin

      Commercial property in Justin, TX, ideal for various business ventures.
      307 E 5Th St, Justin, TX 76247
      View Details
    • $6,000,000
      107.63 Acres

      Northlake Land with Development Potential

      107+ acre tract primed for commercial or residential development.
      9931 Harmonson Rd, Northlake, TX 76247
      View Details
    • Contact for pricing
      10,307 SF

      Ridge Drive Warehouse For Sale

      Warehouse property for sale in Justin, Texas.
      320 Ridge Dr, Justin, TX 76247
      View Details
    • $1,000,000
      0.23 Acres

      Warehouse For Sale, Justin, TX

      Warehouse property available for purchase in Justin, Texas.
      121 W 6Th St, Justin, TX 76247
      View Details
    • Contact for pricing
      13,736 SF

      Industrial Property in Justin, Texas

      13,736 SqFt industrial property available for sale.
      9717 Industrial Rd, Justin, TX 76247
      View Details

    Similar Nearby for Lease

    • New
      $2,000 /Mo
      101,930 SF

      New Industrial Flex Space Available

      New construction flex spaces ideal for office, storage, or light industrial.
      17332 Gaffield Rd, Justin, TX 76247
      View Details
    • $10 SF/Yr
      1,750 SF

      Industrial Flex Space For Lease

      Industrial flex space with overhead doors, easy highway access.
      15137 S County Line Rd, Justin, TX 76247
      View Details
    • $1,799 /Mo
      7,492 SF

      Retail Space in High-Traffic Location

      Prime retail space in Justin, TX, ideal for restaurant/takeout.
      501 Fm 156, Justin, TX 76247
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 15520 Hwy. 114.
      15520 Highway 114, Justin, TX 76247
      View Details
    • $33 SF/Yr
      8,015 SF

      Justin Town Square Office Space

      Prime Denton County Office Suites Available
      0 Fm 156, Ponder, TX 76247
      View Details
    • $25 SF/Yr
      4,900 SF

      Justin Retail Space - New Development

      4,900 SF Retail Shell Space Available
      0 Fm 407, Justin, TX 76247
      View Details
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    Justin, TX 76247
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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