Medical Office
New
For Sale
$320,000
3017 E Lancaster Avenue, Fort Worth, TX 76103
The property is presented for chiropractic, healthcare, and other professional business use.
Property Size1,000 SF
Days on Market3
Property Features for 3017 E Lancaster Avenue
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$5,745
Building Details
Building Size
1,000 SF
Year Built
1994
Listing Agency:
CF Real Estate Firm
Listed By:
Olga Alvarado
(682) 990-6856
Source:
Nilesrealtygroup
Added: Oct 19
Last Checked: Oct 19 at 2:36PM
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 CF Real Estate Firm
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Investment Insights
Based on property information with market context.
This medical office property is described as a commercial building suited to chiropractic practice and other professional businesses. The source also identifies healthcare, physical therapy, and wellness services as potential uses.
The building is on E Lancaster Avenue in Fort Worth, along a main street described as carrying heavy daily traffic. It was built in 1994.
The building is on E Lancaster Avenue in Fort Worth, along a main street described as carrying heavy daily traffic. It was built in 1994.
Key Highlights
- Built in 1994
- Located at 3017 E Lancaster Avenue, Fort Worth, TX 76103
- Situated on a main street described as having heavy daily traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,438
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,760
$348.8K
Cap Rate 7%
$249,114
$249.1K
Cap Rate 9%
$193,756
$193.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$30.0K $30.00/SF
− Vacancy
−$6.8K −$6.75/SF
EGI
$23.3K $23.25/SF
− OpEx
−$5.8K −$5.81/SF
NOI
$17.4K $17.44/SF
Area
Fort Worth, TX
Vacancy
22.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,760
Cap Rate 7%
$249,114
Cap Rate 9%
$193,756
Alternative Uses
Best Use
Office B
$249.1K
$218.0K – $290.6K
NOI $17,438 @ 7.0% cap · market cap 5.45%
Second Best
Healthcare Medical
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$363.3K
$317.9K – $423.8K
NOI $25,428 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76103, TX
15,394
Population
6,040
Households
2.5
Avg Household Size
36
Median Age
19%
College-Educated
69%
High-School Grad
6.1 sq mi
ZIP Area
2,524
Density / Sq Mi
$55,183
Median Household Income
$32,931
Median Earnings
$1,119
Median Rent
$186,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Worth, TX
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property is presented for chiropractic, healthcare, and other professional business use.
Where is this medical office space located?
The property is located at 3017 E Lancaster Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Built in 1994; Located at 3017 E Lancaster Avenue, Fort Worth, TX 76103; Situated on a main street described as having heavy daily traffic
