Corner-Lot Flex
New
For Sale
$495,000
200 N Beach Street, Fort Worth, TX 76111
COMMERCIAL - Fort Worth, TX
Property Size2,078 SF
Lot Size0.23 Acres
Price / SF$238.21
Days on Market4
Property Features for 200 N Beach Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
E - Neighborhood Commercial Allowed Use(s): Office, Commercial, Civic, Civic Support, Educational, Industrial
Subdivision
Gilmore G W Add
Lot features
Corner Lot
Directions
From I-30, exit Beach, head north, property on corner of Beach and Gilmore.
Standard status
Active
APN
01037986
Size
2,078 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
GILMORE, G W ADDITION BLOCK 2 LOT 1
Tax Annual Amount
3590
Legal Description
GILMORE, G W ADDITION BLOCK 2 LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Flooring type
Wood
Building materials
Plaster, WoodSiding
Roof type
Composition
Listing Agency:
Franks Realty International
(817) 720-5500
Listed By:
Kris Franks Franks · License #0586589
(817) 720-5500
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 5:06PM
MLS# 21354736
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,078-square-foot flex space occupies a 0.233-acre corner lot and was built in 1960. The property includes wood flooring, plaster and wood siding, a composition roof, central heating, central air, public water, and public sewer. The building needs work, with renovation or expansion identified as possible approaches.
Five dedicated parking spaces are located off Gilmore, with additional parking potential on the north side of the property. The site is near N Beach Street and provides access to I-30 and 121. Nearby businesses include City Electric Supply, Sunbelt Rentals, Hollywood Overhead Door, a pest control company, and an event center.
Five dedicated parking spaces are located off Gilmore, with additional parking potential on the north side of the property. The site is near N Beach Street and provides access to I-30 and 121. Nearby businesses include City Electric Supply, Sunbelt Rentals, Hollywood Overhead Door, a pest control company, and an event center.
Key Highlights
- 2,078 square feet on a 0.233‑acre corner lot
- Five dedicated parking spaces off Gilmore
- Additional parking potential on the north side of the property
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
$16,869
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
3.41%
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%
$337,380
$337.4K
Cap Rate 7%
$240,986
$241.0K
Cap Rate 9%
$187,433
$187.4K
Market Conditions
NOI Build-Up for 2,078 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
$28.7K $13.80/SF
− Vacancy
−$2.7K −$1.31/SF
EGI
$26.0K $12.49/SF
− OpEx
−$9.1K −$4.37/SF
NOI
$16.9K $8.12/SF
Area
Fort Worth, TX
Vacancy
9.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$337,380
Cap Rate 7%
$240,986
Cap Rate 9%
$187,433
Alternative Uses
Best Use
Flex RnD
$241.0K
$210.9K – $281.2K
NOI $16,869 @ 7.0% cap · market cap 3.41%
Second Best
Industrial
$187.3K
$163.9K – $218.5K
NOI $13,111 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$754.8K
$660.5K – $880.7K
NOI $52,839 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76111, TX
22,512
Population
8,523
Households
2.6
Avg Household Size
33
Median Age
15%
College-Educated
67%
High-School Grad
7.4 sq mi
ZIP Area
3,042
Density / Sq Mi
$56,944
Median Household Income
$37,149
Median Earnings
$1,272
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Nopal Morado Café — 121 N Beach St, Fort Worth, TX 76111
- Both Worlds Mexican — 3300 Airport Fwy, Fort Worth, TX 76111
Frequently Asked Questions
What type of property is this?
Flex space - Corner positioning, dedicated parking, and central HVAC support a practical small-business layout.
Where is this flex space located?
The property is located at 200 N Beach Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,078 square feet on a 0.233‑acre corner lot; Five dedicated parking spaces off Gilmore; Additional parking potential on the north side of the property
