Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space Available For Rent Title is generated by Realmo AI

    3120 E Lancaster Avenue, Fort Worth, TX 76103

    View on Map
    Claim this Listing
    For Lease
    $1,000/Mo $8 SF/Yr (calc)

    1500 sqft office space for rent in Fort Worth.

    Type:Rental
    Property size:
    1,500 SF
    Lot size:
    0.16 Acres
    Added:
    Nov 5, 2024
    Days on Market:
    576
    Last Refresh:
    May 19 at 11:54 pm

    Property Features for 3120 E Lancaster Avenue

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Lot size
    0.16 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1964

    We can help!

    Listing Contact
    Travis Niles

    Listing agent Travis Niles License #0696092

    Listing office Niles Realty Group

    Listing date Nov 5, 2024

    Source Exitrealty

    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 Niles Realty Group

    HighLights

    • 1500 sqft office space for rent
    • Located in Fort Worth
    • Office space for rent
    • Year Built: 1964

    Overview

    This commercial real estate offers office units and spaces available for rent. The property provides 1500 square feet of office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Time Warner Center Telecommunications Service Deliverance Ministry & Healing ... Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2803008
    Latitude
    32.7394536

    Nearby Similar for Lease

    • $1,995/Mo
      2,688 SF

      Industrial Flex Warehouse with Office

      Warehouse space with a dedicated bathroom and an air-conditioned office or break room, set within a heavy-industry property.
      13008 Oak Grove Road S, Fort Worth, TX 76028
      View Details
    • $23 SF/Yr
      10,098 SF

      Brand-New Front-Facing Retail Shell

      New retail shell with strong visibility and access in a dense North Fort Worth retail corridor.
      4550 BASSWOOD Boulevard, Fort Worth, TX 76137
      View Details
    • $1,550/Mo

      Flex Office-Warehouse Units

      Small bay units with office build-outs, central HVAC, and 10-foot doors, well-suited for light industrial or distribution use.
      6450 Appian Way, Fort Worth, TX 76135
      View Details
    • $1,900/Mo

      Flexible Commercial Leasing Site

      Prime East Lancaster Avenue frontage with strong visibility and flexible space suited for retail, office, or service users.
      5025 E Lancaster Avenue, Fort Worth, TX 76103
      View Details
    • $3,575/Mo
      1,589 SF

      Brand-New Medical Office Suite

      Newly constructed medical office space in a high-growth North Fort Worth corridor near major healthcare providers.
      8498 N Riverside Drive, Fort Worth, TX 76244
      View Details
    • $3,000/Mo

      Retail Restaurant Suites with Kitchen

      Two adaptable restaurant-oriented suites with on-site parking and dedicated kitchen and private lobby options.
      5617 Mccart Avenue, Fort Worth, TX 76133
      View Details
    • $1,300/Mo
      1,100 SF

      Corner Flex Space with Retail Visibility

      A versatile corner unit built for office, retail, or office-warehouse needs with strong street visibility.
      5825 E Lancaster Avenue, Fort Worth, TX 76112
      View Details
    • $995/Mo

      Office Suite with Three Private Offices

      Fully carpeted office suite offers three private offices and a large reception area, with convenient on-site parking.
      4215 Benbrook Highway, Fort Worth, TX 76116
      View Details
    • $1,995/Mo

      Renovated Office Residence

      Renovated office building with private suites, meeting space, and pond-view outdoor areas in a quiet business park.
      13008 Oak Grove Road S, Fort Worth, TX 76028
      View Details
    • $3,354/Mo

      Dental Office Space with Equipment

      Well-equipped dental office suite offered on a NNN lease for an operator looking to start or expand.
      427 S Summit Avenue, Fort Worth, TX 76104
      View Details
    • $695/Mo

      Single-Office Suite

      Well-presented office suite across from major retail, with utilities responsibility and shared common area maintenance.
      8008 Camp Bowie W Boulevard, Fort Worth, TX 76116
      View Details
    • $1,800/Mo

      Endcap and In-Line Retail Space

      Flexible endcap and in-line retail space in Oak Grove Square, with landlord support for rezoning if needed.
      1233 Oak Grove Road, Fort Worth, TX 76134
      View Details

    FAQs

    What type of property is this?
    Office units - 1500 sqft office space for rent in Fort Worth.
    Where is this office units located?
    The property is located at 3120 E Lancaster Avenue Fort Worth, TX.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: 1500 sqft office space for rent; Located in Fort Worth; Office space for rent
    (682) 429-7047
    We can help!
    Listing Contact
    Travis Niles
    Real Estate License ID: 0696092
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3120 E Lancaster Avenue, Fort Worth, TX 76103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!