Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    711 Pennsylvania Ave Fort Worth, TX 76104

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical office space with operating room and recovery bays.

    Property size:
    4,700 SF
    Lot size:
    0.37 Acres

    Property Features for 711 Pennsylvania Ave

    General Information

    Size
    4,700 SF
    Lot size
    0.37 Acres

    We can help!

    Listing Contact
    Jim Sager
    Jim Sager
    Source: Moodyscre

    Listing Agent: Jim Sager

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

    Learn more

    Overview

    Medical Office Space For Rent

    This 4,700 square foot property is suitable for medical office use. It features a large operating room measuring 22 by 24 feet, along with post-operative recovery bays. The layout includes five exam rooms and four clinical rooms. Additional amenities include a break room, an attractive lobby, and a physician locker room. The location provides convenient access and is walkable to restaurants, and is located minutes from hospitals.
    Location Intelligence

    Current Use by Public Records

    Dr. Patrick Nef, ... Physician Dr. Geethanjali Ramamurthy, ... Physician Dr. Samatha Chandupatla, ... Physician Dr. Daniel R ... Physician Lisa Philip Philip ... Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Texas Veterinary Ophthalmology, ABC Animal Clinic and Hospital, Love Veterinarian

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3325032
    Latitude
    32.7381205

    Nearby Similar for Lease

    • New
      $5,363 /Mo
      16,466 SF

      Versatile Commercial Property in Fort Worth

      Dynamic commercial property with offices, storage, and warehouse space.
      5685 E Loop 820 S, Fort Worth, TX 76119
      View Details
    • New
      $4,000 /Mo
      7,492 SF

      High-Visibility Corner Retail Space

      Prime Fort Worth corner location with high traffic exposure.
      2945 Hemphill St, Fort Worth, TX 76110
      View Details
    • New
      $4,000 /Mo
      800 SF

      High-Visibility Retail Space Available

      Prime corner location near downtown Fort Worth with flexible lease.
      2941 Hemphill St, Fort Worth, TX 76110
      View Details
    • $3,351 /Mo
      6,926 SF

      West Fort Worth Office Space

      Premium office space in booming west Fort Worth, available for lease.
      12101 Bella Italia Dr, Fort Worth, TX 76126
      View Details
    • $6,416 /Mo
      201,596 SF

      Fort Worth Medical/Office Space

      Office space suitable for medical, dental, or general office use.
      1205 Avondale Haslet Rd, Fort Worth, TX 76052
      View Details
    • $695 /Mo
      37,418 SF

      Fort Worth Office Space Available

      580 SF office space in Fort Worth for lease.
      8008 Camp Bowie Blvd W, Fort Worth, TX 76116
      View Details
    • $2,160 /Mo

      Downtown Fort Worth Office Sublease

      Class B office sublease in renovated downtown building.
      101 Summit Ave, Fort Worth, TX 76102
      View Details
    • $995 /Mo

      Office Space on Benbrook Highway

      1000 SF office space for lease in Fort Worth.
      4215 Benbrook Hwy, Fort Worth, TX 76116
      View Details
    • $29 SF/Yr
      3,920 SF

      Move-in Ready Office Suite

      Office suite with private offices, conference room, and break room.
      6636 N Riverside Dr, Fort Worth, TX 76137
      View Details
    • New
      $3,980 /Mo
      1,589 SF

      Medical Office Space For Lease

      New medical office space in a rapidly expanding area.
      8498 N Riverside Dr, Fort Worth, TX 76244
      View Details
    • $28 SF/Yr
      1,154 SF

      New Office Condo For Lease

      Newly constructed office condo with modern layout and high-quality finishes.
      3117 Bailey Dr, Fort Worth, TX 76177
      View Details
    • $500 /Mo
      15,072 SF

      Historic Office Space Available

      Office space in the historic Bicocchi Building for rent.
      217 S Jennings Ave, Fort Worth, TX 76104
      View Details

    FAQs

    What type of property is this?
    Medical office - Medical office space with operating room and recovery bays.
    Where is this medical office located?
    The property is located at 711 Pennsylvania Ave Fort Worth, TX.
    What are key features of this property?
    This property features: - Large Operating Room (22' x 24'); - 5 Exam Rooms and 4 Clinical Rooms provide ample space; - Post-Op Recovery Bays
    (817) 259-3542 Call to check price and availability
    Request Owner's contact information
    711 Pennsylvania Ave Fort Worth, TX 76104
    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.
    711 Pennsylvania Ave
    Fort Worth, TX 76104
    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
    711 Pennsylvania Ave Fort Worth, TX 76104
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Sager
    Jim Sager
    Real Estate License ID: TX 469231
    (817) 259-3542 (817) 832-2841 (817) 877-4433
    Learn more
    Google sign-in failed. Please try again or use another login method.