Modern Office Condo For
3121 Bailey Drive #120 Fort Worth, TX 76177
For Sale
$405,000
Second-generation office condo with modern layout and quality finishes.
Property Size1,153 SF
Price / SF$351.26
Days on Market96
Property Features for 3121 Bailey Drive #120
General Information
- Standard status
- Active
- Size
- 1,153 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency:
Keller Williams Realty
(817) 329-8850
Listed By:
Michelle Rawls · License #0637763
(817) 715-5222
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 5:14PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This second-generation commercial office condo offers 1,153 square feet of space. Constructed less than a year ago, the interior includes three private offices, a conference room, a break room, and a private restroom. The layout is designed for efficiency and features quality finishes, abundant natural light, and energy-efficient features. The space is suitable for professional or medical users seeking a turnkey office in a contemporary environment.
Key Highlights
- Turnkey, modern office condo less than a year old.
- Includes three private offices, conference room, break room, and private restroom.
- 1,153 SF space with efficient layout.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.6k | $30.00 |
| − Vacancy | −$7.8k | −$6.75 |
| EGI | $26.8k | $23.25 |
| − OpEx | −$6.7k | −$5.81 |
| NOI | $20.1k | $17.44 |
1,153 SF · lease $30.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$287.2K
$251.3K – $335.1K
NOI $20,105 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.8K
$366.5K – $488.6K
NOI $29,318 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Second-generation office condo with modern layout and quality finishes.
Where is this office units located?
The property is located at 3121 Bailey Drive #120 Fort Worth, TX.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Turnkey, modern office condo less than a year old.; Includes three private offices, conference room, break room, and private restroom.; 1,153 SF space with efficient layout.
