Unique Historic Office
204 W Central Ave Fort Worth, TX
204 W Central Ave, Fort Worth, TX, 00000
Contact for pricing
For Sale
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Meticulously restored historic home, ideal for professional office use.
Property Size3,896 SF
Lot Size0.21 Acres
Price / SF$295.17
Days on Market890
Property Features for 204 W Central Ave
General Information
- Standard status
- Active
- Size
- 3,896 SF
- Lot size
- 0.21 Acres
- Property subtype
- OFFICE
Properties For Sale
at 204 W Central Ave Contact us
Listing Agency
Avison Young | Dallas
(972) 333-3927
Listed by
Kurt Cherry
(972) 333-3927
Source
Moodyscre
Added: Feb 9, 2024 Checked: Jul 17 at 2:52 am
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 Avison Young | Dallas
Investment Insights
Based on property information with market context.
The 'Outlaw Home' offers a unique opportunity for office use, particularly suited for a law firm or other professional office. This historic home has been meticulously designed and restored as office space, featuring three levels with a balcony and porch. The first floor includes a waiting room and reception area, four executive offices or conference rooms, two bathrooms, and a full kitchen. The second floor provides four additional executive offices or conference rooms, generous storage areas, a mini-kitchen, and two more bathrooms. The third floor consists of a large open workspace, storage, and a full bathroom. The property is conveniently located close to Highway 199 and I-35W, and is two blocks from the Panther Island development. The building has a total size of 3896 square feet.
Key Highlights
- Meticulously designed and restored historic home, converted to professional office space.
- Ideal for a law firm or other professional office, offering a unique and efficient workspace.
- Three levels with a balcony and porch, providing ample space and character.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.9k | $30.00 |
| − Vacancy | −$26.3k | −$6.75 |
| EGI | $90.6k | $23.25 |
| − OpEx | −$22.6k | −$5.81 |
| NOI | $67.9k | $17.44 |
3,896 SF · lease $30.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$970.5K
$849.2K – $1.13M
NOI $67,937 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,067 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fortinberry Curtis L
Law Firm
Law Office of Jim ...
Real Estate Agency
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FAQs
What type of property is this?
Office building - Meticulously restored historic home, ideal for professional office use.
Where is this office building located?
The property is located at 204 W Central Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Meticulously designed and restored historic home, converted to professional office space.; Ideal for a law firm or other professional office, offering a unique and efficient workspace.; Three levels with a balcony and porch, providing ample space and character.
