Commercial Property Near Downtown Fort
For Sale
$315,000
1806 NE 33rd St, Fort Worth, TX 76106
Versatile commercial building near downtown Fort Worth, ideal for various uses.
Property Size1,200 SF
Lot Size0.17 Acres
Days on Market276
Property Features for 1806 NE 33rd St
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Building Size
1,200 SF
Year Built
1973
Stories
1
Units
1
Listing Agency:
Helen Painter Group, REALTORS
(817) 923-7321
Listed By:
Melanie Russell · License #0821588
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 25
Last Checked: Aug 30 at 8:26PM
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 Helen Painter Group, REALTORS
Investment Insights
Based on property information with market context.
This commercial property is located minutes from Downtown Fort Worth, offering convenient access to major highways. The building's flexible layout is suitable for a variety of uses, including office, retail, showroom, or professional services. High visibility enhances its appeal, and its proximity to Fort Worth's business district ensures consistent traffic and growth potential. This property is suitable for expanding current operations or establishing a new venture.
Key Highlights
- Prime commercial property near Downtown Fort Worth.
- Easy access to major highways.
- Flexible layout suitable for various uses (office, retail, showroom, professional services).
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
$20,925
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
6.64%
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%
$418,500
$418.5K
Cap Rate 7%
$298,929
$298.9K
Cap Rate 9%
$232,500
$232.5K
Market Conditions
NOI Build-Up for 1,200 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
$36.0K $30.00/SF
− Vacancy
−$8.1K −$6.75/SF
EGI
$27.9K $23.25/SF
− OpEx
−$7.0K −$5.81/SF
NOI
$20.9K $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%
$418,500
Cap Rate 7%
$298,929
Cap Rate 9%
$232,500
Alternative Uses
Best Use
Office B
$298.9K
$261.6K – $348.8K
NOI $20,925 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$275.5K
$241.1K – $321.5K
NOI $19,288 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$435.9K
$381.4K – $508.6K
NOI $30,514 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76106, TX
36,521
Population
11,543
Households
3.2
Avg Household Size
30
Median Age
6%
College-Educated
54%
High-School Grad
14.5 sq mi
ZIP Area
2,519
Density / Sq Mi
$53,486
Median Household Income
$31,419
Median Earnings
$1,179
Median Rent
$167,600
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Versatile commercial building near downtown Fort Worth, ideal for various uses.
Where is this showroom located?
The property is located at 1806 NE 33rd St Fort Worth, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Prime commercial property near Downtown Fort Worth.; Easy access to major highways.; Flexible layout suitable for various uses (office, retail, showroom, professional services).
