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 Market206
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: Aug 24
Last Checked: Sep 7 at 6:17AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,775
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
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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
