Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8498 N Riverside Dr Fort Worth, TX 76244

    View on Map
    Sponsored
    For Lease
    $3,575 /Mo ($27 SF/Yr)

    Office - Fort Worth, TX

    Type:Office
    Property size:
    1,589 SF
    Lot size:
    1.00 Acre
    Days on Market:
    5
    Last Refresh:
    Mar 15 at 4:06 pm

    Property Features for 8498 N Riverside Dr

    General Information

    Property type
    Other
    Property subtype
    Office
    Property condition
    New Construction
    Standard status
    Active
    APN
    04241800
    Size
    1,589 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2026
    Flooring type
    Other
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Curtis Evans
    Curtis Evans

    Fort Worth Re LTD (817) 920-7700

    Listing agent Curtis Evans (817) 920-7700 License #0528557

    Listing date Mar 11, 2026

    MLS# 21077589 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.

    Learn more

    Property Insight Report

    Overview

    Medical Office Space For Lease

    This is a medical office space for lease in a rapidly expanding trade area of North Fort Worth, located at Riverside Dr. & North Tarrant Pkwy. The property is in a busy, fast-growing corridor and is surrounded by strong residential growth and established medical practices. The size of the space is approximately 1,589 square feet. It is conveniently located near hospitals, being 0.5 miles to Medical City Alliance and 2.5 miles to Texas Health Harris Methodist Alliance, as well as major thoroughfares. Construction is nearing completion, with delivery scheduled for January 2026. The lease rate is below market at $27 per square foot per year. This space is ideal for a healthcare provider looking to grow with the community. It is perfect for a variety of uses including primary care or family practice, pediatrics, dentistry or orthodontics, physical therapy or sports medicine, chiropractic care, dermatology or med spa, OBGYN or women’s health, allergy, ENT, and specialty clinics such as cardiology.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    CityVet - Alliance + Urgent Care, Alliance Animal Health Center, Jackson Brannon DVM, Arend Bob DVM, Dr. Brian Loveless

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.306022
    Latitude
    32.894837

    Nearby Similar for Lease

    • $1,500 /Mo
      10,890 SF

      Fort Worth Medical Office Space

      Professional office space in a sought-after medical district.
      654 Saint Louis Ave, Fort Worth, TX 76104
      View Details
    • $1,995 /Mo
      43,560 SF

      Renovated Office Building Near Airport

      Historic office building with modern amenities and airport proximity.
      13008 Oak Grove Rd S, Fort Worth, TX 76028
      View Details
    • $20 SF/Yr
      1,154 SF

      New Office Condo For Lease

      New office condo with modern layout available for lease.
      3117 Bailey Dr, Fort Worth, TX 76177
      View Details
    • $2,160 /Mo

      Downtown Fort Worth Office Sublease

      Class B office sublease in renovated downtown building.
      101 Summit Ave, Fort Worth, TX 76102
      View Details
    • New
      $2,000 /Mo
      14,985 SF

      Prime Retail Space in Fort Worth

      High-visibility retail space in a dynamic Fort Worth neighborhood.
      2700 Hemphill St, Fort Worth, TX 76110
      View Details
    • $5,363 /Mo
      16,466 SF

      Versatile Commercial Property in Fort Worth

      Dynamic commercial property with offices, storage, and warehouse space.
      5685 E Loop 820 S, Fort Worth, TX 76119
      View Details
    • $500 /Mo
      227,427 SF

      Private Office Space on Camp Bowie

      Executive office sublease with utilities included in prime location.
      6115 Camp Bowie Blvd, Fort Worth, TX 76116
      View Details
    • $12 SF/Yr
      22,939 SF

      Renovated Flex Space For Lease

      Office and warehouse space available for lease after complete renovation.
      3325 Phoenix Dr, Fort Worth, TX 76116
      View Details
    • $400 /Mo
      227,427 SF

      Private Office Space Available

      Executive office sublease with utilities included in a prime location.
      6115 Camp Bowie Blvd, Fort Worth, TX 76116
      View Details
    • $600 /Mo
      227,427 SF

      Private Office Space Available

      Executive office sublease with utilities included in a prime location.
      6115 Camp Bowie Blvd, Fort Worth, TX 76116
      View Details
    • $6,416 /Mo
      201,596 SF

      Fort Worth Medical/Office Space

      Office space suitable for medical, dental, or general office use.
      1205 Avondale Haslet Rd, Fort Worth, TX 76052
      View Details
    • $650 /Mo
      6,752 SF

      Functional Office in West 7th

      Flexible, collaborative workspace in vibrant Fort Worth neighborhood.
      3108 W 6Th St, Fort Worth, TX 76107
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - New medical office space in a rapidly expanding Fort Worth area.
    Where is this medical office space located?
    The property is located at 8498 N Riverside Dr Fort Worth, TX.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Below market lease rate of $27 per SF per year.; - Brand-new medical office construction.; - Located in a busy, fast-growing corridor of North Fort Worth (Alliance).
    (817) 920-7770
    Request Owner's contact information
    8498 N Riverside Dr Fort Worth, TX 76244
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8498 N Riverside Dr
    Fort Worth, TX 76244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    8498 N Riverside Dr Fort Worth, TX 76244
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Curtis Evans
    Curtis Evans
    Real Estate License ID: 0528557
    (817) 920-7770 (817) 920-7700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!