Commercial Land with
For Sale
$825,000
315 Hemphill St, Fort Worth, TX 76104
The property includes a 1949 schoolhouse structure in Fort Worth’s medical and business district.
Property Size2,480 SF
Price / SF$332.66
Days on Market46
Property Features for 315 Hemphill St
General Information
Standard status
Active
Size
2,480 SF
Building Details
Year Built
1949
Listing Agency:
Keller Williams Brazos West
Listed By:
Carri Tuggle
(817) 279-6996
Source:
Heritance
Added: Aug 24
Changed: Oct 5
Last Checked: Oct 7 at 4:29PM
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 Keller Williams Brazos West
Investment Insights
Based on property information with market context.
This commercial land offering encompasses almost half an acre and includes an old schoolhouse constructed in 1949. The structure previously housed a local bookstore and contributes an established physical presence to the site.
Located at 315 Hemphill St in Fort Worth, the property sits in the city’s medical and business district. The existing improvements may be retained for continued business operations, renovated for a new purpose, or replaced through redevelopment, subject to applicable approvals. Its setting places the property within a downtown commercial environment with access to Fort Worth’s medical and business activity.
Located at 315 Hemphill St in Fort Worth, the property sits in the city’s medical and business district. The existing improvements may be retained for continued business operations, renovated for a new purpose, or replaced through redevelopment, subject to applicable approvals. Its setting places the property within a downtown commercial environment with access to Fort Worth’s medical and business activity.
Key Highlights
- Almost half an acre of commercial land
- Includes a 1949 schoolhouse structure
- Former local bookstore location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,862
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,240
$797.2K
Cap Rate 7%
$569,457
$569.5K
Cap Rate 9%
$442,911
$442.9K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$59.8K $24.12/SF
− Vacancy
−$2.9K −$1.16/SF
EGI
$56.9K $22.96/SF
− OpEx
−$17.1K −$6.89/SF
NOI
$39.9K $16.07/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,240
Cap Rate 7%
$569,457
Cap Rate 9%
$442,911
Alternative Uses
Best Use
Retail
$569.5K
$498.3K – $664.4K
NOI $39,862 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.9K
$788.3K – $1.05M
NOI $63,061 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,315
Businesses Nearby
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - The property includes a 1949 schoolhouse structure in Fort Worth’s medical and business district.
Where is this commercial land located?
The property is located at 315 Hemphill St Fort Worth, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Almost half an acre of commercial land; Includes a 1949 schoolhouse structure; Former local bookstore location
