Modern Office Unit With Conference
New
For Sale
$405,000
3121 Bailey Drive #120, Fort Worth, TX 76177
Contemporary professional space combines private offices, meeting space, natural light, and efficient features within a compact commercial layout.
Property Size4,612 SF
Price / SF$351.26
Days on Market5
Property Features for 3121 Bailey Drive #120
General Information
Standard status
Active
Size
4,612 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
4,612 SF
Year Built
2025
Stories
1
Units
1
Listing Agency:
Keller Williams Realty
(817) 715-5222
Listed By:
Michelle Rawls · License #0637763
(817) 715-5222
Source:
Fullhouserealtytx
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 8 at 12:22PM
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.
Built in 2025, this 1,153-square-foot office condo provides a practical layout for professional or medical operations. The interior includes three private offices, a conference room, break room, and private restroom, with quality finishes, substantial natural light, and energy-efficient features integrated throughout.
The property is located at 3121 Bailey Drive, Suite 120, in Fort Worth, Texas. Commercial zoning supports its office-oriented positioning, while the combination of dedicated work areas and shared support spaces creates an efficient setting for an owner-user or operating business.
The property is located at 3121 Bailey Drive, Suite 120, in Fort Worth, Texas. Commercial zoning supports its office-oriented positioning, while the combination of dedicated work areas and shared support spaces creates an efficient setting for an owner-user or operating business.
Key Highlights
- 1,153 SF office condo at 3121 Bailey Drive #120, Fort Worth, TX 76177
- Three private offices plus a dedicated conference room
- Break room and private restroom included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,105
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,100
$402.1K
Cap Rate 7%
$287,214
$287.2K
Cap Rate 9%
$223,389
$223.4K
Market Conditions
NOI Build-Up for 1,153 SF
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.
Gross rent
$34.6K $30.00/SF
− Vacancy
−$7.8K −$6.75/SF
EGI
$26.8K $23.25/SF
− OpEx
−$6.7K −$5.81/SF
NOI
$20.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$402,100
Cap Rate 7%
$287,214
Cap Rate 9%
$223,389
Alternative Uses
Best Use
Office B
$287.2K
$251.3K – $335.1K
NOI $20,105 @ 7.0% cap · market cap 4.96%
Second Best
Healthcare Medical
$240.2K
$210.1K – $280.2K
NOI $16,811 @ 7.0% cap · market cap 4.15%
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 76177, TX
23,001
Population
10,140
Households
2.3
Avg Household Size
32
Median Age
48%
College-Educated
98%
High-School Grad
20.6 sq mi
ZIP Area
1,117
Density / Sq Mi
$103,990
Median Household Income
$55,635
Median Earnings
$1,726
Median Rent
$349,400
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Contemporary professional space combines private offices, meeting space, natural light, and efficient features within a compact commercial layout.
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: 1,153 SF office condo at 3121 Bailey Drive #120, Fort Worth, TX 76177; Three private offices plus a dedicated conference room; Break room and private restroom included
