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    The Largest CRE Database in the US with Over 1 Million Listings

    3121 Bailey Dr Fort Worth, TX 76177

    Sponsored
    For Sale
    $410,000

    Modern 1,153 SF Condo, turnkey ready.

    Property size:
    1,153 SF

    Description

    Added:
    Mar 4, 2025
    Days on Market:
    339
    This exceptional 1,153-square-foot office/medical condo unit, identified as Unit 110, is situated at 3121 Bailey Dr, Fort Worth, TX 76177. A new construction, this property presents a fully finished interior with sophisticated and contemporary finishes. The unit features a private entrance, enhancing privacy and professionalism. A welcoming lobby area sets the tone for clients and visitors. A convenient break room provides a comfortable space for staff. A dedicated restroom ensures functionality and convenience. The layout includes three individual offices, ideal for a variety of professional uses, and a separate conference room, perfect for meetings and collaborations. The unit is offered at $410,000 and is an owner-user investment opportunity. The property is categorized as an office/medical condo, suitable for various medical or office-based businesses. The building size matches the net size at 1,153 square feet, indicating no common areas are included in the listed square footage. The property does not include any land ownership beyond the condo unit itself. This turnkey property is ready for immediate occupancy.

    Property Features for 3121 Bailey Dr

    General Information

    Property type
    Other office properties
    Investment Type
    owner-user
    Square Feet
    1,153 SF
    Price / Square Foot
    $355
    Elevators
    N/A
    Net Rentable
    1,153 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Susie Priebe

    Learn more

    HighLights

    • Modern, fully finished 1,153 sq ft office/medical condo in Fort Worth, TX.
    • Features private entrance, lobby, break room, restroom, three offices, and a conference room.
    • New construction offering an elegant interior with high‑end finishes.
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    State
    Texas
    Longitude
    -95.142232
    Latitude
    29.860728

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    FAQs

    What type of property is this?
    Office property - Modern 1,153 SF Condo, turnkey ready.
    Where is this office property located?
    The property is located at 3121 Bailey Dr Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: Modern, fully finished 1,153 sq ft office/medical condo in Fort Worth, TX.; Features private entrance, lobby, break room, restroom, three offices, and a conference room.; New construction offering an elegant interior with high-end finishes.
    (682) 356-1571
    Request Owner's contact information
    3121 Bailey Dr Fort Worth, TX 76177
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    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
    3121 Bailey Dr Fort Worth, TX 76177
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    We can help!
    Listing Contact
    Susie Priebe
    (682) 356-1571
    Learn more
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