Two-Suite Office
For Sale
$2,900,000
1301 E Weatherford Street, Fort Worth, TX 76102
Remodeled office building with two separate suites, each offering reception, private offices, and conference or collaboration space.
Property Size9,834 SF
Days on Market43
Property Features for 1301 E Weatherford Street
General Information
Standard status
Active
Size
9,834 SF
Property subtype
Office
Building Details
Building Size
9,834 SF
Year Built
1965
Listing Agency:
Williams Trew Real Estate
Listed By:
Stephen Reich · License #0585089
(817) 597-8884
Source:
Nilesrealtygroup
Added: Jul 30
Changed: Aug 16
Last Checked: Sep 10 at 5:52AM
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 Williams Trew Real Estate
Investment Insights
Based on property information with market context.
This newly remodeled office building is set up as two separate suites, each with its own reception area, private offices, and dedicated conference and collaboration spaces. Due to the natural slope of the lot, both levels operate as ground level, providing convenient access from multiple sides. Ceiling heights reach 12 feet on the upper level and 10 feet on the lower level, supporting an open, modern feel.
The west suite includes a conference room with a built-in mini refrigerator, plus a full kitchen with a range and microwave that vents to the exterior. In addition to eight private offices, the west suite has a mail room and a dedicated server room. The east suite features nine private offices and a large open room on both levels, with a server closet and exposed ductwork for a contemporary, industrial-inspired presentation.
Built in 1965 and thoughtfully renovated with modern finishes and updated systems throughout, the property is designed for flexible professional use and can support owner-occupancy, multi-tenant occupancy, or investment scenarios.
The west suite includes a conference room with a built-in mini refrigerator, plus a full kitchen with a range and microwave that vents to the exterior. In addition to eight private offices, the west suite has a mail room and a dedicated server room. The east suite features nine private offices and a large open room on both levels, with a server closet and exposed ductwork for a contemporary, industrial-inspired presentation.
Built in 1965 and thoughtfully renovated with modern finishes and updated systems throughout, the property is designed for flexible professional use and can support owner-occupancy, multi-tenant occupancy, or investment scenarios.
Key Highlights
- Two separate suites with dedicated reception areas, private offices, and conference or collaboration space
- Both levels function as ground level due to the natural slope, with access from multiple sides
- Ceiling heights: 12 feet on upper level and 10 feet on lower level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,480
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,429,600
$3.4M
Cap Rate 7%
$2,449,714
$2.4M
Cap Rate 9%
$1,905,333
$1.9M
Market Conditions
NOI Build-Up for 9,834 SF
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.
Gross rent
$295.0K $30.00/SF
− Vacancy
−$66.4K −$6.75/SF
EGI
$228.6K $23.25/SF
− OpEx
−$57.2K −$5.81/SF
NOI
$171.5K $17.44/SF
Area
Fort Worth, TX
Vacancy
22.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,429,600
Cap Rate 7%
$2,449,714
Cap Rate 9%
$1,905,333
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.86M
NOI $171,480 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,059 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,461
Businesses Nearby
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Business Placement
Demographics for 76102, TX
13,236
Population
5,629
Households
2.4
Avg Household Size
36
Median Age
37%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
2,941
Density / Sq Mi
$74,293
Median Household Income
$49,295
Median Earnings
$1,661
Median Rent
$338,700
Median Home Value
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Market
Vacancy Rate% for Office in Fort Worth, TX
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled office building with two separate suites, each offering reception, private offices, and conference or collaboration space.
Where is this office units located?
The property is located at 1301 E Weatherford Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Two separate suites with dedicated reception areas, private offices, and conference or collaboration space; Both levels function as ground level due to the natural slope, with access from multiple sides; Ceiling heights: 12 feet on upper level and 10 feet on lower level
