7901 Florance Rd - Northlake Vista Development Opportunity 5 Acres of Industrial Land Offered at $3,500,000 in Northlake, TX 76247

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 $3,500,000 ($16.07/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.