Office Building with Five Private
2308 Michigan Court, Dalworthington Gardens, TX 76016
For Sale
New
$650,000
A flexible workspace includes two meeting areas, a full kitchen, and dedicated staff amenities.
Property Size3,000 SF
Price / SF$216.67
Days on Market5
Property Features for 2308 Michigan Court
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Condition
Property Use
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
ARC Realty DFW
(817) 609-4115
Listed By:
Gail Burdine · License #0614435
(817) 929-8921
Source:
Bsare
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 8 at 8:07PM
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 ARC Realty DFW
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office building, constructed in 2001, has five private offices and two conference areas. Hardwood and carpet flooring are used throughout, and the interior also includes a full kitchen, laundry room, storage areas, one full bathroom upstairs, and a half bathroom downstairs. The property is zoned Commercial.
The building is at 2308 Michigan Court in Dalworthington Gardens, Texas, on a quiet street near major commercial corridors, restaurants, and retail. Nine parking spaces convey with ownership; one space has shared ownership.
The building is at 2308 Michigan Court in Dalworthington Gardens, Texas, on a quiet street near major commercial corridors, restaurants, and retail. Nine parking spaces convey with ownership; one space has shared ownership.
Key Highlights
- Five private offices and two conference areas
- 3,000 square feet; built in 2001
- Full kitchen, laundry room, and abundant storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,840
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,800
$1.0M
Cap Rate 7%
$740,571
$740.6K
Cap Rate 9%
$576,000
$576.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$92.2K $30.72/SF
− Vacancy
−$23.0K −$7.68/SF
EGI
$69.1K $23.04/SF
− OpEx
−$17.3K −$5.76/SF
NOI
$51.8K $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%
$1,036,800
Cap Rate 7%
$740,571
Cap Rate 9%
$576,000
Alternative Uses
Best Use
Office B
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 76016, TX
31,091
Population
11,609
Households
2.7
Avg Household Size
44
Median Age
44%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,533
Density / Sq Mi
$108,701
Median Household Income
$55,446
Median Earnings
$1,854
Median Rent
$311,200
Median Home Value
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Market
Properties on Market for Office buildings in Tarrant County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A flexible workspace includes two meeting areas, a full kitchen, and dedicated staff amenities.
Where is this office building located?
The property is located at 2308 Michigan Court Dalworthington Gardens, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Five private offices and two conference areas; 3,000 square feet; built in 2001; Full kitchen, laundry room, and abundant storage
