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

    3401 S Riverside Dr Fort Worth, TX 76119

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $1,800 /Mo ($12 SF/Yr)

    Updated commercial property suitable for various business types.

    Property size:
    1,800 SF
    Lot size:
    2.54 Acres

    Property Features for 3401 S Riverside Dr

    General Information

    Standard status
    Pending
    Size
    1,800 SF
    Lot size
    2.54 Acres

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Ashlee Gutierrez
    Source: Exitrealty

    Listing Agency: Compass RE Texas, LLC Listing Agent: Ashlee Gutierrez

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

    Learn more

    Overview

    Versatile Commercial Space for Rent

    This commercial property has been retrofitted to accommodate a multitude of business types. The completely updated interior space provides flexibility to fit individual offices, co-working space, salon rooms, extra storage, event space and more. The property includes a kitchen area that can be used as a break room, as well as washer and dryer connections. Additionally, the space has a conference room, front lobby area, and two bathrooms. The property sits on an acre of yard space suitable for businesses needing to store outdoor materials or equipment. The property size is 1800 square feet.
    Location Intelligence

    Current Use by Public Records

    Local Homes Construction Company Jeff's Home Services Home Appliance Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3039498
    Latitude
    32.7024366

    Nearby Similar for Lease

    • $20 SF/Yr
      1,154 SF

      New Office Condo For Lease

      New office condo with modern layout available for lease.
      3117 Bailey Dr, Fort Worth, TX 76177
      View Details
    • $1,500 /Mo
      10,890 SF

      Fort Worth Medical Office Space

      Professional office space in a sought-after medical district.
      654 Saint Louis Ave, Fort Worth, TX 76104
      View Details
    • $1,995 /Mo
      43,560 SF

      Renovated Office Building Near Airport

      Historic office building with modern amenities and airport proximity.
      13008 Oak Grove Rd S, Fort Worth, TX 76028
      View Details
    • New
      $3,575 /Mo
      1,589 SF

      Medical Office Space For Lease

      New medical office space in a rapidly expanding Fort Worth area.
      8498 N Riverside Dr, Fort Worth, TX 76244
      View Details
    • $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
    • $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
    • $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

    FAQs

    What type of property is this?
    Coworking space - Updated commercial property suitable for various business types.
    Where is this coworking space located?
    The property is located at 3401 S Riverside Dr Fort Worth, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Retrofitted commercial property suitable for diverse business types.; - **Completely updated interior offering flexible space configurations.**; - One acre of yard space for outdoor storage or business needs.
    (214) 814-8100
    Request Owner's contact information
    3401 S Riverside Dr Fort Worth, TX 76119
    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.
    3401 S Riverside Dr
    Fort Worth, TX 76119
    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
    3401 S Riverside Dr Fort Worth, TX 76119
    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
    Ashlee Gutierrez
    Real Estate License ID: 0765238
    (214) 814-8100
    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!