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

    711 Kennedale Pkwy Kennedale, TX 76060

    • Warehouses
    • 117,125 SF
    • 13.27 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2021
    Value Estimations
    $6,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3764301
    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

    • Warehouses

    Property Details for 711 Kennedale Pkwy

    Year built
    1960
    Lot size
    13.27 lot acres
    Property size
    117,125 SF
    Property type
    Warehouses
    APN
    47685-2-14R
    APU
    47685214R

    Description

    This exceptional 20,000-square-foot industrial property, located at 711 W Kennedale Parkway, Building D, in Kennedale, Texas, presents a significant opportunity for businesses seeking a single-tenant manufacturing, warehouse, or distribution space. Situated on a generous 3.7-acre lot within Tarrant County (76060 zip code), this property boasts four convenient drive-in bays, ensuring efficient loading and unloading operations. The entire 20,000 square feet is currently vacant and ready for immediate occupancy, offering flexibility for customization to meet specific operational needs. The property's classification as industrial, with subtypes encompassing manufacturing, warehouse, and distribution, makes it suitable for a wide range of businesses. Its location in Kennedale provides access to major transportation routes, facilitating seamless logistics and distribution. The substantial lot size offers ample room for expansion or future development, providing long-term growth potential. This single-tenant property offers a unique opportunity to establish a significant presence in a strategic location. The property is available for lease. Interested parties should inquire for further details and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,838,000
      Market price range: $3.94M - $12.5M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,570,000
      Current use
      RETAIL STORES
      $10,080,000
      Change: +33% Conversion: Moderate
      MEDICAL BUILDING
      $9,625,000
      Change: +27% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennedale
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2326
    Latitude
    32.6554
    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
    $90,277
    $231,193
    $3,843,807
    $4,075,000
    -
    $231,193
    $3,843,807
    $4,075,000

    Comparable in this City

    • Value Estimation by Request
      2.20 Acres

      500 Dick Price Rd

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      View Details
    • Value Estimation by Request
      2,400 SF

      7003 Kennedale Pkwy

      WAREHOUSE, STORAGE • 2,400 SF
      7003 Kennedale Pkwy, Kennedale, TX 76060
      View Details
    • Value Estimation
      $885,000
      13,662 SF

      420 Dick Price Rd

      WAREHOUSE, STORAGE • 13,662 SF
      420 Dick Price Rd, Kennedale, TX 76060-3608
      View Details
    • Value Estimation by Request
      2,400 SF

      103 Industrial Ct

      WAREHOUSE, STORAGE • 2,400 SF
      103 Industrial Ct, Kennedale, TX 76060-4800
      View Details
    • Value Estimation by Request
      7,200 SF

      300 Kennedale Pkwy

      WAREHOUSE, STORAGE • 7,200 SF
      300 Kennedale Pkwy, Kennedale, TX 76060-3212
      View Details
    • Value Estimation by Request
      6,000 SF

      6984 Kennedale Pkwy

      WAREHOUSE, STORAGE • 6,000 SF
      6984 Kennedale Pkwy, Kennedale, TX 76060-3018
      View Details

    Similar Nearby for Sale

    • New
      $1,975,000
      4,800 SF

      New Flex Office Warehouse

      New flex office warehouse in a growing DFW submarket.
      535 W Kennedale Pkwy, Kennedale, TX 76060
      View Details
    • $475,000
      7,054 SF

      Commercial Land in Kennedale, TX

      Commercial land available in Kennedale, Texas.
      800 W Kennedale Pkwy, Kennedale, TX 76060
      View Details
    • $1,050,000

      Industrial Property in Kennedale, TX

      Industrial property available for sale in Kennedale, Texas.
      416 E Kennedale Pkwy, Kennedale, TX 76060
      View Details
    • $135,000
      0.27 Acres

      Vacant Land in Kennedale, TX

      Vacant land for new home construction in Kennedale, Texas.
      392 North Rd, Kennedale, TX 76060
      View Details
    • $950,000

      Land Available in Kennedale, TX

      Land for sale in Kennedale, Texas.
      1200 Mansfield Cardinal Rd, Kennedale, TX 76060
      View Details
    • $510,900
      1.97 Acres

      Residential Vacant Lot in Kennedale

      1.97-acre residential vacant lot in Kennedale, Tarrant County, Texas.
      5746 Eden Rd, Kennedale, TX 76060
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,076 SF

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      47,076 square foot warehouse space for lease in Kennedale.
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    • $12 SF/Yr
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      Newer Construction Warehouse Space

      Flexible lease sizes in a highly desirable location.
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    • Contact for pricing
      79,625 SF

      Eden Industrial Park: Kennedale Warehouses

      Multiple warehouse spaces available, 6,000-10,000 sq ft.
      0 Eden Rd, Kennedale, TX 76060
      View Details
    • Contact for pricing
      29,600 SF

      Kennedale Industrial Flex Space

      Modern Flex/Warehouse Units Available
      0 Vly Vine Industrial Park, Kennedale, TX 76060
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    • Contact for pricing
      5,000 SF

      Industrial Space with Spec Office

      5,000 SF industrial space with 1,250 SF spec office.
      7384 Mansfield Hwy, Kennedale, TX 76060
      View Details
    • Contact for pricing
      2,400 SF

      Office/Warehouse Space Available

      2,400 sqft office/warehouse space for rent.
      3101 N Main St, Kennedale, TX 76060
      View Details
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    711 Kennedale Pkwy
    Kennedale, TX 76060
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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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