Two-Story Office
For Sale
Contact for pricing
2030 South Las Vegas Trail, Fort Worth, TX 76108
C-C-zoned professional office property with updated electrical systems, gated parking, and a flexible multi-room layout.
Property Size4,038 SF
Price / SF$242.69
Days on Market112
Property Features for 2030 South Las Vegas Trail
General Information
Standard status
Active
Size
4,038 SF
Class
B
Total Parking Spaces
20
Property subtype
Office
Zoning
C-C
Investment Type
Owner/User
Amenities
conference room
kitchenette
Building Details
Year Built
1980
Buildings
1
Stories
2
Units
20
Building Size
4,038 SF
Listing Agency:
LEAGUE Real Estate
(817) 523-9113
Listed By:
Kalyn McKittrick · License #0655035
Source:
Crexi
Added: May 12
Changed: Aug 29
Last Checked: Aug 31 at 11:26AM
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 LEAGUE Real Estate
Investment Insights
Based on property information with market context.
Built in 1980, this 4,038-square-foot office property offers a practical two-level configuration for professional users. The interior includes 12 offices, four bathrooms, a conference room, and a kitchenette, with six offices and two bathrooms on each floor. The layout supports financial, legal, insurance, and general office operations.
Recent improvements include updated lighting and outlets, refreshed paint, and a new iron gate around the property. Twenty paved parking spaces are available within the gated area. The property is located at 2030 South Las Vegas Trail in Fort Worth, Texas, and carries C-C zoning.
Recent improvements include updated lighting and outlets, refreshed paint, and a new iron gate around the property. Twenty paved parking spaces are available within the gated area. The property is located at 2030 South Las Vegas Trail in Fort Worth, Texas, and carries C-C zoning.
Key Highlights
- 4,038 SF two‑story office building constructed in 1980
- 12 offices, four bathrooms, conference room, and kitchenette
- Six offices and two bathrooms on each floor
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
$55,967
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
5.71%
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%
$1,119,340
$1.1M
Cap Rate 7%
$799,529
$799.5K
Cap Rate 9%
$621,856
$621.9K
Market Conditions
NOI Build-Up for 4,038 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
$96.9K $24.00/SF
− Vacancy
−$22.3K −$5.52/SF
EGI
$74.6K $18.48/SF
− OpEx
−$18.7K −$4.62/SF
NOI
$56.0K $13.86/SF
Area
ZIP 76108
Vacancy
23.00%
Lease Rate
$24.00 /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%
$1,119,340
Cap Rate 7%
$799,529
Cap Rate 9%
$621,856
Alternative Uses
Best Use
Office B
$799.5K
$699.6K – $932.8K
NOI $55,967 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$932.8K – $1.24M
NOI $74,622 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 76108, TX
46,170
Population
18,031
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
43.1 sq mi
ZIP Area
1,071
Density / Sq Mi
$78,471
Median Household Income
$44,235
Median Earnings
$1,418
Median Rent
$238,800
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?
Office building - C-C-zoned professional office property with updated electrical systems, gated parking, and a flexible multi-room layout.
Where is this office building located?
The property is located at 2030 South Las Vegas Trail Fort Worth, TX.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 4,038 SF two‑story office building constructed in 1980; 12 offices, four bathrooms, conference room, and kitchenette; Six offices and two bathrooms on each floor
