7901 Florance Road
- Fully entitled and platted, 5-acre small-bay industrial development opportunity, full construction sets (Civil, Structural, Architectural, MEP), property website and social media accounts in Northlake (DFW), TX.
- Development plan to build 67,828 SF with Phase I construction drawings submitted to the City of Northlake for review
- Priced at $2,722,500 ($12.50/SF) which includes the property, due diligence, and plans
- Potential seller financing for qualified buyers
- Development agreement in place waiving 50% of permit fees and 100% of impact fees
- Confirmed area rent comps of $19-$25/SF NNN and small-bay condo sales of $325/SF
- $108,800+ average household income, $335,000+ median home value (1-mile radius)
- Positioned <2.5 miles west of I-35W between Fort Worth and Denton, TX
- 4.8% flex vacancy, 3.44% average annual rent growth through 2030 (CoStar)
Property Description
Northlake Vista Business Park (the “Property”) presents a rare opportunity to acquire a fully entitled small-bay industrial/luxury garage development site in one of the fastest-growing corridors in the Dallas–Fort Worth metroplex. Situated in Northlake, Texas - strategically located between Fort Worth and Denton and less than three miles west of I-35W - the Property offers exceptional regional connectivity within a supply-constrained industrial submarket driven by rapid residential and commercial expansion. The offering consists of approximately 5 acres of land planned for a 67,828-square-foot multi-tenant small-bay industrial project, with complete construction plans already prepared for Phase I totaling 31,501 square feet. The purchase price of $2,722,500 ($12.50/SF) includes the land, architectural and engineering work, and due diligence materials, allowing a developer to significantly accelerate the construction timeline and reduce entitlement risk. The site benefits from a Development Agreement that materially lowers upfront costs by waiving 50% of permit fees and 100% of impact fees - a substantial incentive that improves project feasibility and investor returns. Market fundamentals further support development, with verified rent comparables of approximately $19-$25/SF NNN and recent luxury garage condominium sales above $325/SF. Northlake continues to experience strong demographic growth, with average household incomes exceeding $108,800 and median home values above $335,000 within a one-mile radius - characteristics that historically correlate with strong small-business formation and demand for small bay industrial space. According to CoStar, the surrounding flex industrial market maintains only 4.8% vacancy and is projected to achieve approximately 3.44% average annual rent growth through 2030, underscoring the limited supply and long-term demand outlook. With completed entitlements, reduced municipal fees, strong surrounding demographics, and favorable market fundamentals, Northlake Vista Business Park offers investors and developers a low-risk, accelerated path to deliver highly desirable small-bay industrial product into a high-growth DFW submarket.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $2,722,500 |
| Lot Size: | 5.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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