Office Building with Separate
2315 Michigan Court, Dalworthington Gardens, TX 76016
For Sale
$829,900
CommercialSale, Dalworthington Gardens, TX
Property Size4,141 SF
Lot Size0.46 Acres
Price / SF$200.41
Days on Market51
Property Features for 2315 Michigan Court
General Information
Property type
Property subtype
Zoning description
Parking features
Security features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room
reception area
kitchen
separate entrances
office-lounge
storage closet with laundry connections
full bath
kitchenette
training or multi-purpose room
additional storage
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
NB Elite Realty
Listed By:
Julie Crimmins · License TX #0501649
(844) 444-6237
Added: Sep 23
Changed: Nov 10
Last Checked: Nov 12 at 6:06PM
MLS# 21393949
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.
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Investment Insights
Based on property information with market context.
This 4,141-square-foot, two-story office building on a 0.46-acre parcel has distinct work areas on each level. The first floor contains seven private offices, a conference room, reception area, kitchen and two restrooms. One office has an exterior door and connects to an approximately 12-by-30-foot flex area. Upstairs, a separate entrance opens to an office-lounge, a multipurpose training room, a kitchenette, a full bathroom and storage with laundry connections.
Renovations include refinished hardwood floors, new cabinetry, quartz counters, tile, trim, solid-core doors, hardware, paint and lighting. A new HVAC system was installed in 2026. The brick building, constructed in 1997, has covered parking, open parking, a garage and a carport. Public water and sewer serve the property.
Renovations include refinished hardwood floors, new cabinetry, quartz counters, tile, trim, solid-core doors, hardware, paint and lighting. A new HVAC system was installed in 2026. The brick building, constructed in 1997, has covered parking, open parking, a garage and a carport. Public water and sewer serve the property.
Key Highlights
- 4,141‑square‑foot office building on 0.46 acres
- Seven first‑floor private offices, conference room, reception area, kitchen and 2 restrooms
- One office connects to an approximately 12 x 30 flex space and has its own exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,556
Cap Rate
8.62%
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 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,968 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
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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 - Two levels combine private work areas with dedicated training and flex space.
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 $829,900.
What are key features of this property?
This property features: 4,141‑square‑foot office building on 0.46 acres; Seven first‑floor private offices, conference room, reception area, kitchen and 2 restrooms; One office connects to an approximately 12 x 30 flex space and has its own exterior entrance
