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    Historic Office Suite with Parking Title is generated by Realmo AI

    217 S Jennings Avenue, Fort Worth, TX 76104

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    Claim this Listing
    For Lease
    $500/Mo $1.03 SF/Yr (calc)

    COMMERCIAL - Fort Worth, TX

    Type:Office
    Property size:
    5,800 SF
    Lot size:
    0.35 Acres
    Added:
    Feb 4, 2026
    Days on Market:
    120
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 217 S Jennings Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street, Parking Lot, Gated
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    02776006
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Description
    SMITH-JONES & DAGGETT ADDITION BLOCK 1 LOT 9

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    2
    Number of units
    14
    Flooring type
    Carpet, Hardwood
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Ross Utley

    Listing agent Ross Utley License #0657253

    Listing office League Real Estate Fort Worth, TX

    Listing date Feb 4, 2026

    MLS# 21166851

    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.

    HighLights

    • 5,800+ SF of office space available on the 2nd floor in the historic Bicocchi Building
    • Flexible layout for a single user or coworking space
    • Gated rear parking lot plus on‑street and parking lot options
    • Central heating and central air conditioning
    • Accessible elevator installed
    • Built in 1980 with brick construction and a flat roof

    Overview

    Available office space inside the historic Bicocchi Building, located on the second floor. The space includes the character of an older structure paired with updated modern features, with high ceilings that create an open, distinctive feel. The layout supports flexibility for either a single tenant or a coworking setup, making it a practical option for businesses that need adaptable day-to-day operations.

    The building offers gated rear parking, an added convenience for staff and visitors. The space is also described as walkable to nearby local restaurants and bars, which can be valuable for teams that prefer amenities close to their workplace. Showings are available by appointment only, with floorplans and pricing provided in the attached flyer documents.

    This space should fit well for growing professional services firms, creative teams, or operators looking for a coworking environment that still benefits from traditional building presence. If you’re seeking a second-floor office with period character, modern upgrades, and on-site parking access, this suite in the Bicocchi Building is worth considering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.329644
    Latitude
    32.742251

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    FAQs

    What type of property is this?
    Office units - Second-floor office space in a historic building, suited for a single user or coworking with gated rear parking.
    Where is this office units located?
    The property is located at 217 S Jennings Avenue Fort Worth, TX.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: 5,800+ SF of office space available on the 2nd floor in the historic Bicocchi Building; Flexible layout for a single user or coworking space; Gated rear parking lot plus on‑street and parking lot options
    (972) 849-9889
    We can help!
    Listing Contact
    Ross Utley
    Real Estate License ID: 0657253
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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