Retail/Office Space with Flexible
1012 Florence St Fort Worth, TX 76102
1012 Florence St, Fort Worth, TX, 76102
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For Sale
Contact for pricing
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 Market160
Property Features for 1012 Florence St
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1948
Listing agency
Team & Vasseur
(214) 586-8584
Listed by
Philip Samples · License #553590
Source
Crexi
Added: Feb 13 Updated: Jul 22 at 10:21PM Checked: Jul 22 at 10:21PM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $30.00 |
| − Vacancy | −$24.3k | −$6.75 |
| EGI | $83.7k | $23.25 |
| − OpEx | −$20.9k | −$5.81 |
| NOI | $62.8k | $17.44 |
3,600 SF · lease $30.00/SF/yr · vacancy 22.50% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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
