Browning Office Park 1 Unit
Industrial | 6.25% CAP | 1,300 SqFt
Marketing description
Presenting a rare opportunity to acquire a brand-new 2026-construction, 1,300 sq. ft. flex space unit at 6650 Browning Dr in North Richland Hills, TX — part of the Browning Office Park, a 13-unit flex campus across two buildings in one of the DFW Metroplex's most accessible mid-cities corridors. Each unit is offered at $312,000 with a 6.3% going-in cap rate and immediate cash flow of $1,625/month gross rent, this property is ideal for the investor seeking a low-maintenance, new-construction commercial asset with zero deferred maintenance, strong long-term appreciation potential, and the tax advantages of a 39-year depreciation schedule. With 65% financing available and a debt coverage ratio of 1.19, the deal pencils conservatively from day one — and with 3% projected annual appreciation, total equity is positioned to grow to over $260,000 by year ten. Whether you're a first-time commercial investor or adding a stabilized flex unit to an existing portfolio, 6650 Browning delivers a clean, turnkey entry point into the resilient DFW industrial flex market.
Investment highlights
Investment Highlights — 6650 Browning Dr, North Richland Hills, TX
- New 2026 construction — zero deferred maintenance, no rehab required, immediately cash-flowing from day one
- 1,300 sq. ft. flex space unit within a 13-unit, two-building campus at Browning Office Park
- $312,000 purchase price at $240/sq. ft. — competitive for new-construction flex in the DFW mid-cities corridor
- 6.3% cap rate at purchase with $1,625/month gross rent and $256/month net cash flow
- 65% LTV financing available — only $118,560 cash needed to close
- 1.19 debt coverage ratio — conservatively underwritten with room to absorb vacancy
- Strong long-term equity play — projected property value grows to $419,000 by year 10 and $563,000 by year 20 at 3% annual appreciation
- Total equity position of $262,000+ at year 10 with loan balance paid down to $157,000
- 39-year depreciation schedule provides meaningful tax shield — over $27,000 in total deductions in year one alone
- DFW location advantage — North Richland Hills sits at the heart of the Metroplex with immediate access to 820, 35W, and 121
- Turnkey asset class — flex space continues to outperform in the DFW market driven by small business, contractor, and last-mile demand
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