Commercial Land with Existing
315 Hemphill Street Fort Worth, TX 76104
New
315 Hemphill Street, Fort Worth, TX, 76104
$825,000
For Sale
$825,000
For sale commercial land featuring an old schoolhouse with existing structures on-site.
Property Size2,480 SF
Price / SF$332.66
Days on Market3
Property Features for 315 Hemphill Street
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agency
Keller Williams Brazos West
(817) 964-9645
Listed by
Carri Tuggle
(817) 964-9645
Source
Fullhouserealtytx
Added: Jul 20 Updated: Jul 21 at 3:38AM Checked: Jul 22 at 5:45AM
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 Brazos West
Investment Insights
Based on property information with market context.
This commercial land offering includes existing structures, highlighted by an old schoolhouse on the property. The site has been previously used as a local bookstore, and it may support continued operations in the existing buildings, renovation and repurposing of the current structures, or redevelopment to fit a buyer’s plans.
The property is located at 315 Hemphill Street in downtown Fort Worth, within the medical and business district. It is presented as a high-visibility site with proximity to Fort Worth’s medical and commercial hubs.
A buyer should evaluate the site for its current-buildings potential versus redevelopment, based on the intended use and configuration needs for future tenants or projects.
The property is located at 315 Hemphill Street in downtown Fort Worth, within the medical and business district. It is presented as a high-visibility site with proximity to Fort Worth’s medical and commercial hubs.
A buyer should evaluate the site for its current-buildings potential versus redevelopment, based on the intended use and configuration needs for future tenants or projects.
Key Highlights
- For sale commercial land in Downtown Fort Worth featuring an old schoolhouse on‑site
- Year built: 1949 (schoolhouse)
- Property includes existing structures currently used for operating businesses
Local Financial Insights For Retail
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 | $59.8k | $24.12 |
| − Vacancy | −$2.9k | −$1.16 |
| EGI | $56.9k | $22.96 |
| − OpEx | −$17.1k | −$6.89 |
| NOI | $39.9k | $16.07 |
2,480 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$569.5K
$498.3K – $664.4K
NOI $39,862 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.9K
$788.3K – $1.05M
NOI $63,061 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rub My Belly ...
Kennel & Boarding Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - For sale commercial land featuring an old schoolhouse with existing structures on-site.
Where is this commercial land located?
The property is located at 315 Hemphill Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: For sale commercial land in Downtown Fort Worth featuring an old schoolhouse on‑site; Year built: 1949 (schoolhouse); Property includes existing structures currently used for operating businesses
