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    NNN Office Building with Long-Term Tenant Title is generated by Realmo AI

    3451 Boston Avenue, Benbrook, TX 76116

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    Claim this Listing
    Pending
    $525,000

    SINGLE_FAMILY - Benbrook, TX

    Type:Office
    Lot size:
    0.36 Acres
    Added:
    May 6, 2026
    Days on Market:
    30
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 3451 Boston Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Pending
    APN
    05693756
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Description
    BOSTON HEIGHTS ADDITION LOT CA
    Tax Annual Amount
    19449

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    Stucco, WoodSiding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Michael Costanza

    Listing agent Michael Costanza License #0425378

    Listing office Michael Costanza & Associates Haltom City, TX

    Listing date May 6, 2026

    MLS# 21146023

    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.

    HighLights

    • Existing office building with long‑term tenant; tenant has been month‑to‑month since May 2020
    • Current lease is NNN
    • Year built 1986
    • Utilities: public water and public sewer
    • Heating and cooling: central heating and central air
    • Exterior and finishes include stucco and wood siding, with asphalt shingle roof

    Overview

    This offering features an existing office building currently occupied by a long-term tenant. The tenant began occupancy in 2013 and has been month-to-month since May 2020. The property operates under NNN lease terms, positioned for an investor seeking a hands-off structure. Per the tenant’s current use as an education facility, interior access is restricted, and interior photos are not provided. Please note that all showing requests and information must be handled through the listing broker, and the tenant should not be disturbed.

    Located at 3451 Boston Avenue in Benbrook, Texas 76116, the property is situated in Tarrant County. The site covers approximately 0.36 acres. Additional details, including the offering package, are available through the listing broker.

    This asset is best suited for buyers looking for an NNN office investment with an established, operating tenant. Because the lease is month-to-month, ownership may appeal to investors who want income continuity while retaining flexibility. Prospective buyers and brokers should request the Offering Memorandum through the listing broker for financial and lease specifics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Benbrook
    County
    Tarrant
    State
    Texas
    Longitude
    -97.454203
    Latitude
    32.721742

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    FAQs

    What type of property is this?
    Office building - Office building leased on NNN terms, occupied by a long-term tenant now month-to-month since 2020.
    Where is this office building located?
    The property is located at 3451 Boston Avenue Benbrook, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Existing office building with long‑term tenant; tenant has been month‑to‑month since May 2020; Current lease is NNN; Year built 1986
    (817) 953-3134
    We can help!
    Listing Contact
    Michael Costanza
    Real Estate License ID: 0425378
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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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