Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    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 Office Condo, Unit 110

    Property size:
    1,153 SF

    Property Features for 3121 Bailey Dr

    General Information

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

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Overview

    Modern Fort Worth Office Condo

    This 1,153-square-foot office/medical condo unit is new construction and features a fully finished interior with sophisticated and contemporary finishes. The unit includes a private entrance, lobby, break room, and restroom. The functional layout includes three individual offices and a dedicated conference room. It is suitable for medical practices or other professional offices seeking a modern and efficient workspace. Located in Fort Worth, Texas, the property offers easy access to major transportation routes and amenities. This turnkey solution allows immediate occupancy and operational efficiency.

    We can help!

    Listing Contact
    Susie Priebe

    Learn more

    HighLights

    • Modern, elegant finishes throughout the 1,153 sq ft space.
    • Private entrance, lobby, break room, restroom included.
    • Three offices and one conference room provide ample workspace.
    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

    Nearby Similar for Sale

    • $1,850,000
      1.46 Acres

      Multi-Purpose Church Facility with Banquet Hall

      Versatile church property suited for religious use, events, or redevelopment.
      11701 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $512,000
      0.31 Acres

      New Duplex Near TCU Campus

      New construction duplex near downtown Fort Worth and TCU campus.
      320 W Gambrell St, Fort Worth, TX 76115
      View Details
    • $675,000
      0.18 Acres

      Updated Fort Worth Quadruplex Investment

      Fully occupied, updated quadruplex near TCU, shopping, and downtown.
      2903 Sappington Pl, Fort Worth, TX 76116
      View Details
    • $215,000
      0.03 Acres

      Turnkey Condo in Fort Worth

      Investor-friendly, rent-ready condo with low-maintenance updates and prime location.
      3101 Sondra Dr, Fort Worth, TX 76107
      View Details
    • $469,000
      0.12 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Fort Worth, ready January 31st!
      1128 E Broadway Ave, Fort Worth, TX 76104
      View Details
    • $600,000
      0.50 Acres

      Watauga Retail Property on Watauga

      Highly visible commercial property with potential for business growth.
      5617 Watauga Rd, Fort Worth, TX 76148
      View Details
    • $350,000
      0.29 Acres

      Updated Duplex Near Scenic Park

      Two updated units on oversized lot near lake and park.
      7612 Sommerville Place Rd, Fort Worth, TX 76135
      View Details
    • $680,000
      0.21 Acres

      New Duplex Near Downtown

      New construction duplex less than 10 miles from downtown.
      819 Stamps Ave, Fort Worth, TX 76114
      View Details
    • $335,000
      0.18 Acres

      Updated Duplex in Fort Worth

      Updated duplex with spacious units, ready for new tenants.
      6301 Shasta Trl, Fort Worth, TX 76133
      View Details
    • $499,900
      0.14 Acres

      Fort Worth Income-Producing Quadruplex

      Income-producing quadruplex in Fort Worth's Bellevue Hill neighborhood.
      1906 Grainger St, Fort Worth, TX 76110
      View Details
    • $469,000
      0.10 Acres

      Charming Duplex in Fort Worth

      Ideal investment or owner-occupier duplex with updated features and garages.
      4517 Ebbtide Ct, Fort Worth, TX 76135
      View Details
    • $539,000
      2,730 SF

      New Fort Worth Duplex Opportunity

      New construction duplex in Fort Worth with projected gross income.
      2640-2642 Hutchinson St, Fort Worth, TX 76106
      View Details

    FAQs

    What type of property is this?
    Office property - Modern 1,153 SF Office Condo, Unit 110
    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, elegant finishes throughout the 1,153 sq ft space.; Private entrance, lobby, break room, restroom included.; Three offices and one conference room provide ample workspace.
    (682) 356-1571
    Request Owner's contact information
    3121 Bailey Dr Fort Worth, TX 76177
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3121 Bailey Dr
    Fort Worth, TX 76177
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Susie Priebe
    (682) 356-1571
    Learn more
    Google sign-in failed. Please try again or use another login method.