Retail/Office Space with Flexible
For Sale
Contact for pricing
1012 Florence St, Fort Worth, TX 76102
For-sale commercial space in downtown Fort Worth, positioned for office, retail, or mixed-use operations.
Property Size3,600 SF
Price / SF$333.33
Days on Market251
Property Features for 1012 Florence St
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Retail
Zoning
“H” Business
Additional Details
Highway Access
Yes
Building Details
Year Built
1948
Listing Agency:
Team & Vasseur
Listed By:
Philip Samples · License #553590
(214) 586-8584
Source:
Crexi
Added: Feb 13
Changed: Oct 11
Last Checked: Oct 20 at 7:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Team & Vasseur
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Investment Insights
Based on property information with market context.
This for-sale commercial space at 1012 Florence Street offers flexible use for office, retail, or mixed-use operations. The offering is described as well-positioned for visibility and convenient access, supporting a variety of day-to-day business needs.
Located in the heart of downtown Fort Worth, the property is marketed for proximity to dining, retail, and residential developments, along with access to major highways. This combination of central placement and accessibility is intended to support storefront and professional-service users looking for an established urban address.
Located in the heart of downtown Fort Worth, the property is marketed for proximity to dining, retail, and residential developments, along with access to major highways. This combination of central placement and accessibility is intended to support storefront and professional-service users looking for an established urban address.
Key Highlights
- Commercial property at 1012 Florence Street in downtown Fort Worth
- Year built: 1948
- Suitable for office, retail, or mixed‑use operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,775
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,500
$1.3M
Cap Rate 7%
$896,786
$896.8K
Cap Rate 9%
$697,500
$697.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$108.0K $30.00/SF
− Vacancy
−$24.3K −$6.75/SF
EGI
$83.7K $23.25/SF
− OpEx
−$20.9K −$5.81/SF
NOI
$62.8K $17.44/SF
Area
Fort Worth, TX
Vacancy
22.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,500
Cap Rate 7%
$896,786
Cap Rate 9%
$697,500
Alternative Uses
Best Use
Office B
$896.8K
$784.7K – $1.05M
NOI $62,775 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$826.6K
$723.3K – $964.4K
NOI $57,865 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,541 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 76102, TX
13,236
Population
5,629
Households
2.4
Avg Household Size
36
Median Age
37%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
2,941
Density / Sq Mi
$74,293
Median Household Income
$49,295
Median Earnings
$1,661
Median Rent
$338,700
Median Home Value
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Market
Vacancy Rate% for Office in Fort Worth, TX
Frequently Asked Questions
What type of property is this?
Retail space - For-sale commercial space in downtown Fort Worth, positioned for office, retail, or mixed-use operations.
Where is this retail space located?
The property is located at 1012 Florence St Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Commercial property at 1012 Florence Street in downtown Fort Worth; Year built: 1948; Suitable for office, retail, or mixed‑use operations
