Two-Story Office
2315 Michigan Court, Dalworthington Gardens, TX 76016
For Sale
New
$834,900
Separate exterior access serves both levels, with office, training, kitchen and flex areas.
Property Size4,141 SF
Price / SF$201.62
Days on Market5
Property Features for 2315 Michigan Court
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
NB Elite Realty
(844) 444-6237
Listed By:
Julie Crimmins · License #0501649
(682) 321-7552
Source:
Bsare
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 6:36PM
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 NB Elite Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2315 Michigan Court in Dalworthington Gardens, this 4,141-square-foot office building has two levels with separate exterior access. The first floor contains seven private offices, a conference room, reception area, kitchen and two restrooms. One office connects to an approximately 12 x 30 flex area and has its own exterior entrance. Upstairs are an office-lounge, storage closet with laundry connections, full bath, kitchenette and a multipurpose room suited to training or other uses.
Renovations include refinished hardwood floors, new cabinetry, quartz countertops, tile flooring, trim, solid-core doors, hardware, paint and lighting. A new HVAC system was installed in 2026. The property also has covered parking and additional storage. It is zoned F1 Commercial Office.
Renovations include refinished hardwood floors, new cabinetry, quartz countertops, tile flooring, trim, solid-core doors, hardware, paint and lighting. A new HVAC system was installed in 2026. The property also has covered parking and additional storage. It is zoned F1 Commercial Office.
Key Highlights
- 4,141‑square‑foot office building on two levels
- Seven private offices, conference room, reception area, kitchen and two restrooms on the first floor
- First‑floor office with a separate exterior entrance connects to an approximately 12 x 30 flex area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,556
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,431,120
$1.4M
Cap Rate 7%
$1,022,229
$1.0M
Cap Rate 9%
$795,067
$795.1K
Market Conditions
NOI Build-Up for 4,141 SF
Gross rent
$127.2K $30.72/SF
− Vacancy
−$31.8K −$7.68/SF
EGI
$95.4K $23.04/SF
− OpEx
−$23.9K −$5.76/SF
NOI
$71.6K $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%
$1,431,120
Cap Rate 7%
$1,022,229
Cap Rate 9%
$795,067
Alternative Uses
Best Use
Office B
$1.02M
$894.5K – $1.19M
NOI $71,556 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,968 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
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 - Separate exterior access serves both levels, with office, training, kitchen and flex areas.
Where is this office building located?
The property is located at 2315 Michigan Court Dalworthington Gardens, TX.
What is the asking price?
The asking price for this property is $834,900.
What are key features of this property?
This property features: 4,141‑square‑foot office building on two levels; Seven private offices, conference room, reception area, kitchen and two restrooms on the first floor; First‑floor office with a separate exterior entrance connects to an approximately 12 x 30 flex area
