Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    114 Sproles Dr Benbrook, TX 76126

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully leased medical office building in Benbrook, Texas for sale.

    Property size:
    8,942 SF
    Lot size:
    0.92 Acres

    Property Features for 114 Sproles Dr

    General Information

    Standard status
    Active
    Zoning
    F - Commercial
    Size
    8,942 SF
    Lot size
    0.92 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Shane Benner
    Source: Crexi

    Listing Agency: Bradford Fort Worth / Tarrant County Listing Agent: Shane Benner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Investment Opportunity

    The property at 114 Sproles Drive is a fully leased, multi-tenant medical office investment located in the Benbrook/Southwest Fort Worth submarket. The single-story building is anchored by Texas Health Resources Physician Group, providing healthcare tenancy and consistent patient traffic. Texas Health Resources recently renewed their lease and renovated their space, supporting income stability. The property features complementary service tenants and surface parking. The building has a low-maintenance profile and offers investors durable cash flow in a high-demand outpatient corridor. The property contains 8,942 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    Animal Doctors of North Texas

    Location Insight

    • Map
    • Local Demand
    City
    Benbrook
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4700834
    Latitude
    32.6745049

    Nearby Similar for Sale

    • $525,000
      0.36 Acres

      Benbrook Office Building For Sale

      Office building in Benbrook, TX with long-term tenant.
      3451 Boston Ave, Benbrook, TX 76116
      View Details
    • $425,000
      0.20 Acres

      Retail Opportunity in Benbrook, TX

      Retail property for sale in Benbrook, Texas.
      7385 W Vickery Blvd, Benbrook, TX 76116
      View Details
    • $299,900
      1,800 SF

      Benbrook Duplex: Income Potential

      Versatile duplex in Benbrook with income potential and convenient location.
      112 Del Rio Ave, Benbrook, TX 76126
      View Details
    • Contact for pricing

      Retail Property on Camp Bowie

      Retail property for sale on Camp Bowie West Blvd.
      7921 Camp Bowie Blvd W, Benbrook, TX 76116
      View Details
    • Contact for pricing
      102,000 SF

      Renovated Warehouse with Secured Storage

      102,000 SF renovated warehouse with fenced outside storage.
      500 Winscott Rd, Benbrook, TX 76126
      View Details
    • Contact for pricing
      7,715 SF

      New Construction Medical/Office Building

      New construction medical/office building with income-producing second floor.
      6111 Blvd SW, Benbrook, TX
      View Details
    • Contact for pricing
      15,050 SF

      Benbrook Office Building For Sale

      15,050 SqFt office building available in Benbrook, Texas.
      6101 Southwest Blvd, Benbrook, TX 76132
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Fully leased medical office building in Benbrook, Texas for sale.
    Where is this medical office space located?
    The property is located at 114 Sproles Dr Benbrook, TX.
    What are key features of this property?
    This property features: - Fully leased multi-tenant medical office building.; - Anchored by Texas Health Resources Physician Group.; - Recent renewal and renovation by Texas Health Resources.
    Request Owner's contact information
    114 Sproles Dr Benbrook, TX 76126
    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.
    114 Sproles Dr
    Benbrook, TX 76126
    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
    114 Sproles Dr Benbrook, TX 76126
    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
    Shane Benner
    Real Estate License ID: 639887
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!