Office Unit Near Harris
For Sale
Contact for pricing
1015 Pennsylvania Avenue #9, Fort Worth, TX 76104
Office unit offered for sale, providing approximately 720 square feet a few blocks from Harris Hospital.
Property Size9,771 SF
Price / SF$0.10
Days on Market105
Property Features for 1015 Pennsylvania Avenue #9
General Information
Standard status
Active
Size
9,771 SF
Property subtype
Office
Building Details
Year Built
1951
Listing Agency:
Williams Trew Real Estate
(817) 732-8400
Listed By:
Carter Llewellyn · License #0544573
(817) 994-6233
Source:
Lonestarluxuryrealty
Added: Jul 9
Changed: Oct 14
Last Checked: Oct 20 at 9:31PM
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 Williams Trew Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale office unit includes approximately 720 square feet of space. It is identified as Unit 9 at 1015 Pennsylvania Avenue.
The property is described in public remarks as being a few blocks from Harris Hospital, placing it within close proximity to an established local destination.
With a defined suite/unit layout, the space is suited for office users seeking a smaller, dedicated footprint near the hospital area.
The property is described in public remarks as being a few blocks from Harris Hospital, placing it within close proximity to an established local destination.
With a defined suite/unit layout, the space is suited for office users seeking a smaller, dedicated footprint near the hospital area.
Key Highlights
- Approx. 720 SF office unit for sale
- Located a few blocks from Harris Hospital
- Building year built: 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,382
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,407,640
$3.4M
Cap Rate 7%
$2,434,029
$2.4M
Cap Rate 9%
$1,893,133
$1.9M
Market Conditions
NOI Build-Up for 9,771 SF
Gross rent
$293.1K $30.00/SF
− Vacancy
−$66.0K −$6.75/SF
EGI
$227.2K $23.25/SF
− OpEx
−$56.8K −$5.81/SF
NOI
$170.4K $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%
$3,407,640
Cap Rate 7%
$2,434,029
Cap Rate 9%
$1,893,133
Alternative Uses
Best Use
Office B
$2.43M
$2.13M – $2.84M
NOI $170,382 @ 7.0% cap · market cap 17,038.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,457 @ 7.0% cap · market cap 24,845.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Worth, TX
Frequently Asked Questions
What type of property is this?
Office unit - Office unit offered for sale, providing approximately 720 square feet a few blocks from Harris Hospital.
Where is this office unit located?
The property is located at 1015 Pennsylvania Avenue #9 Fort Worth, TX.
What are key features of this property?
This property features: Approx. 720 SF office unit for sale; Located a few blocks from Harris Hospital; Building year built: 1951
