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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    402 Westport Pkwy Haslet, TX 76052

    • Distribution centers
    • 882,565 SF
    • 56.65 lot acres
    OFF-MARKET
    Last Sale
    Sep 06, 2024
    Value Estimations
    $1,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2486586
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for 402 Westport Pkwy

    Year built
    2019
    Lot size
    56.65 lot acres
    Property size
    882,565 SF
    Property type
    Distribution centers
    APN
    46282K-1-1
    APU
    46282K11

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Haslet
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3411
    Latitude
    32.9718
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $819,306
    $7,402,866
    $39,373,079
    $46,775,945
    -
    $7,402,866
    $39,373,079
    $46,775,945

    Comparable in this City

    • Value Estimation
      $1,115,000
      408,000 SF

      850 Transport Dr

      DISTRIBUTION WAREHOUSE • 408,000 SF
      850 Transport Dr, Haslet, TX 76052
      View Details
    • Value Estimation
      $1,285,000
      53,064 SF

      12544 Hwy 287

      DISTRIBUTION WAREHOUSE • 53,064 SF
      12544 Hwy 287, Haslet, TX 76052-2611
      View Details
    • Value Estimation
      $1,385,000
      433,500 SF

      230 Intermodal Pkwy

      DISTRIBUTION WAREHOUSE • 433,500 SF
      230 Intermodal Pkwy, Haslet, TX 76052
      View Details
    • Value Estimation
      $1,190,000
      1,150,000 SF

      301 Intermodal N Pkwy

      DISTRIBUTION WAREHOUSE • 1,150,000 SF
      301 Intermodal N Pkwy, Haslet, TX 76052
      View Details
    • Value Estimation
      $555,000
      6,099 SF

      1400 Intermodal Pkwy

      DISTRIBUTION WAREHOUSE • 6,099 SF
      1400 Intermodal Pkwy, Haslet, TX 76052-2734
      View Details
    • Value Estimation by Request
      46,960 SF

      6630 Tx-114

      Distribution properties • 46,960 SF
      6630 Tx-114, Haslet, TX 76052
      View Details

    Similar Nearby for Sale

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      300,000 SF

      Hunter Crossroads: ±10 Acres Haslet, TX

      Prime Haslet land, ±10.47 acres, future retail development.
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    • $1,395,000
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      Commercial Land Ready For Development

      5 acres of commercial land with utilities in unincorporated Wise County.
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      21.07 Acres

      Haslet Land: 21 Acres ETJ

      Prime 21-acre tract, ideal mixed-use development.
      1838 Bonds Rnch Rd, Haslet, TX 76052
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    • Contact for pricing
      24.20 Acres

      Haslet Mixed-Use Land - 24 Acres

      Prime 24-acre tract, mixed-use zoning.
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      3.10 Acres

      Haslet Commercial Land - Hwy 156

      3.1-Acre Retail Land Tract in Haslet, TX
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    • Contact for pricing
      1.08 Acres

      SEC WESTPORT PKWY & SCHOOLHOUSE RD

      Land • 1.08 Acres
      102 Westport Pkwy, Haslet, TX 76052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      150,000 SF

      Industrial Warehouse Space Available Now

      150,000 square foot warehouse space available for sublease.
      120 S Intermodal Pkwy, Haslet, TX 76052
      View Details
    • Contact for pricing

      Warehouse/Distribution Facility in Haslet, TX

      Two-story warehouse/distribution facility in Alliance Gateway industrial corridor.
      1701 Intermodal Pkwy, Haslet, TX 76052
      View Details
    • Contact for pricing
      798,494 SF

      Available Warehouse Space in Haslet

      798,494 SF warehouse space with ample parking.
      1401 Intermodal Pkwy, Haslet, TX 76052
      View Details
    • $186 SF/Yr
      8,750 SF

      Willow Springs Business Park Flex Space

      Haslet, TX flex space; 2,500-6,250 sq ft available.
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    • Contact for pricing
      80,250 SF

      Prime Wise County Flex Space

      80,250 SF Flex Space Available
      155 Tiger Dr, Haslet, TX 76052
      View Details
    • Contact for pricing
      2,500 SF

      Warehouse with Office and Bay

      2500 SF warehouse with office, restroom, and bay doors.
      1120 Blue Mound Rd W, Haslet, TX 76052
      View Details
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    402 Westport Pkwy
    Haslet, TX 76052
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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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