Fort Worth Freestanding Office
403-407 N Sylvania Ave Fort Worth, TX 76111
For Sale
$1,330,000
6,522 SF office building with 18 units in Fort Worth.
Property Size6,522 SF
Price / SF$203.93
Days on Market145
Property Features for 403-407 N Sylvania Ave
General Information
Standard status
Active
Size
6,522 SF
Property subtype
Office
Building Details
Year Built
1965
Listing Agency:
(817) 803-3287
Listed By:
Roger Smeltzer · License #0560209
Source:
Tcnworldwide
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 29 at 6:23AM
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 Roger Smeltzer
Investment Insights
Based on property information with market context.
This 6,522 square foot office building, constructed in 1965, is located in Fort Worth and zoned E. The property features 18 units. Situated in a vibrant community, the location offers access to dining and cultural destinations such as the Fort Worth Stockyards and Sundance Square. Major highways and public transportation provide convenient access. Local parks and recreational facilities are also nearby. The property is in a trendy and quickly regentrifying market adjacent to Race Street, near Top Golf and several new multi-family projects built in recent years. It is a freestanding office building located three minutes from downtown Fort Worth.
Key Highlights
- Prime investment opportunity in a rapidly developing Fort Worth location.
- 6,522 SF free‑standing office building with 18 units.
- Strategic location just three minutes from downtown Fort Worth.
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 | $195.7k | $30.00 |
| − Vacancy | −$44.0k | −$6.75 |
| EGI | $151.6k | $23.25 |
| − OpEx | −$37.9k | −$5.81 |
| NOI | $113.7k | $17.44 |
6,522 SF · lease $30.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.90M
NOI $113,727 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,841 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 6,522 SF office building with 18 units in Fort Worth.
Where is this office building located?
The property is located at 403-407 N Sylvania Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: Prime investment opportunity in a rapidly developing Fort Worth location.; **6,522 SF free‑standing office building with 18 units.**; Strategic location just three minutes from downtown Fort Worth.
