Browning Office Park Building A
Industrial | 6.25% CAP | 7,800 SqFt
Marketing description
Introducing BLDG A at Browning Flex, a newly constructed, six-unit industrial-flex investment opportunity located at 6650 Browning Dr in North Richland Hills, TX. Delivered in 2026, this 7,800-square-foot building offers 1,300-square-foot flex suites designed to serve the growing demand from contractors, service-based businesses, and light-industrial users throughout the Dallas-Fort Worth Metroplex.
Situated within the larger 13-unit Browning Office Park, the property benefits from strong visibility and convenient access to I-820 and I-35W, placing tenants and their customers within easy reach of Fort Worth, Haltom City, Watauga, and the surrounding communities. The immediate trade area is anchored by established retail and service uses, including Whataburger, Blue Mound Cafe, and Public Storage, reinforcing consistent daytime traffic and area demand.
Offered at $2,121,600 ($272/SF), the property is fully leased and cash-flowing from day one, generating $132,619 in Year 1 Net Operating Income at a 6.3% cap rate. With modern construction, minimal near-term capital needs, and a submarket defined by tight flex-space supply, BLDG A presents a turnkey opportunity for investors seeking stabilized income with long-term upside.
Investment highlights
Investment Highlights
- Brand-New Construction (2026) — Built to modern industrial-flex specifications with durable, low-maintenance materials, minimizing near-term capital expenditures for the next owner.
- Stabilized 6.3% Cap Rate — Priced at $2,121,600 ($272/SF), delivering in-place Net Operating Income of $132,619 in Year 1 with room for organic rent growth.
- Six Fully-Leased Flex Units — 1,300 SF suites generating $1,842/month in gross rent per unit, offering immediate, stabilized cash flow from day one.
- High-Demand Flex Product — Small-bay industrial/flex space continues to see strong absorption from local contractors, service businesses, and light-industrial tenants in the DFW Metroplex.
- Prime North Richland Hills Location — Positioned minutes from I-820 and I-35W with direct access to Fort Worth, Haltom City, and the broader Metroplex, and surrounded by established retail and service demand drivers, including Whataburger, Blue Mound Cafe, and Public Storage.
- Strong Institutional Financing Profile — 1.19x debt coverage ratio and 9.6% debt yield support favorable long-term financing terms for qualified buyers.
- Attractive Growth Trajectory — Underwritten at 3% annual rent and appreciation assumptions, with projected equity growth to over $1.2M by Year 5 and $1.78M by Year 10.
- Part of a Larger 13-Unit Flex Development — Positioned within the broader Browning Office Park, benefiting from shared visibility, signage, and tenant traffic across the complex.
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