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    3325 Phoenix Drive Fort Worth, TX 76116

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    For Lease
    $12 SF/Yr

    Warehouse - Fort Worth, TX

    Type:Warehouse
    Lot size:
    0.53 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 24 at 9:06 am

    Property Features for 3325 Phoenix Drive

    General Information

    Property type
    Other
    Property subtype
    Warehouse
    Parking features
    Carport, Covered, Driveway, Garage, Parking Lot
    Standard status
    Active
    APN
    03421473
    Lot size
    0.53 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1964
    Flooring type
    Concrete
    Building materials
    Block, Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Trey Presswood

    Listing agent Trey Presswood License #0603149

    Listing office Panther Real Estate LLC 8101 Boat Club Rd, Ste. 240, Fort Worth, TX

    Listing date Feb 11, 2026

    MLS# 20847384 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Flex Space For Lease

    Flex space is available for lease in a property recently purchased by a local investor. The property is slated for a complete renovation for office and warehouse use. Approximately 2,349 square feet will be available as office space, accommodating around 6 to 8 offices. An additional 4,949 square feet of warehouse space is also available, as shown in the attached as-built floor plan. Furthermore, a vacant lot of approximately 1 acre can be included for additional outdoor storage or other uses. The quoted rent is $12.00 per square foot, plus NNN expenses estimated at $3.58 per square foot. The property is located in Fort Worth, Texas, within Tarrant County. The lot size is approximately 0.5266 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tierce III M ... Veterinary Clinic Rourk Terrell DVM Veterinary Clinic Western Hills Animal ... Veterinary Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Extra Space Storage — 7812 Camp Bowie W Blvd, Fort Worth, TX 76116
    • Public Storage — 8400 Camp Bowie W Blvd, Fort Worth, TX 76116
    • Firefighting's Finest Moving & Storage — 3101 Reagan Dr, Fort Worth, TX 76116

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.457963
    Latitude
    32.724618

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    FAQs

    What type of property is this?
    Warehouse - Office and warehouse space available for lease after complete renovation.
    Where is this warehouse located?
    The property is located at 3325 Phoenix Drive Fort Worth, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Flexible space suitable for office or warehouse use.; Slated for complete renovation by a local investor.; Approximately 2,349 SF of office space (6‑8 offices).
    (817) 296-5058
    We can help!
    Listing Contact
    Trey Presswood
    Real Estate License ID: 0603149
    Learn More
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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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