Office Building with Reception
For Sale
$300,000
1913 Hemlock Dr, Haltom City, TX 76117
The building includes ADA features and M-1 Industrial District zoning.
Property Size1,325 SF
Price / SF$226.42
Days on Market92
Property Features for 1913 Hemlock Dr
General Information
Standard status
Active
Size
1,325 SF
Zoning
M-1 Industrial District
Additional Details
Highway Access
Yes
Building Details
Year Built
1958
Buildings
1
Listing Agency:
Rendon Realty, LLC
Listed By:
Rosie Murillo · License #0698320
(817) 592-3008
Source:
Minteerteam
Added: Jul 16
Changed: Oct 3
Last Checked: Oct 7 at 5:03PM
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 Rendon Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1958, this office building at 1913 Hemlock Dr includes three private offices, a reception area, waiting space, kitchen, and two half baths. The layout also includes features described as meeting ADA guidelines, providing a defined configuration for office occupancy.
The property is in Haltom City with access to TX 121 N Airport Freeway, I-35W, I-30, and I-820. It is also located near Downtown Fort Worth and the Airport. Zoning is M-1 Industrial District.
The property is in Haltom City with access to TX 121 N Airport Freeway, I-35W, I-30, and I-820. It is also located near Downtown Fort Worth and the Airport. Zoning is M-1 Industrial District.
Key Highlights
- Three offices with reception and waiting areas
- Kitchen and two half baths
- Features described as meeting ADA guidelines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,896
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,920
$457.9K
Cap Rate 7%
$327,086
$327.1K
Cap Rate 9%
$254,400
$254.4K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$40.7K $30.72/SF
− Vacancy
−$10.2K −$7.68/SF
EGI
$30.5K $23.04/SF
− OpEx
−$7.6K −$5.76/SF
NOI
$22.9K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,920
Cap Rate 7%
$327,086
Cap Rate 9%
$254,400
Alternative Uses
Best Use
Office B
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.1K
$407.8K – $543.8K
NOI $32,627 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 76117, TX
33,398
Population
12,793
Households
2.6
Avg Household Size
34
Median Age
12%
College-Educated
71%
High-School Grad
10.9 sq mi
ZIP Area
3,064
Density / Sq Mi
$49,041
Median Household Income
$34,111
Median Earnings
$1,205
Median Rent
$185,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - The building includes ADA features and M-1 Industrial District zoning.
Where is this office building located?
The property is located at 1913 Hemlock Dr Haltom City, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three offices with reception and waiting areas; Kitchen and two half baths; Features described as meeting ADA guidelines
