Fort Worth Office/Industrial
For Sale
Contact for pricing
3300 Joyce Dr, Fort Worth, TX 76116
Office or light industrial property with easy highway access.
Property Size5,075 SF
Price / SF$216.75
Days on Market170
Property Features for 3300 Joyce Dr
General Information
Standard status
Active
Size
5,075 SF
Property subtype
Office
Occupancy
100%
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Worth Commercial Real Estate
(817) 808-8997
Listed By:
Jerry Bolz · License #525396
Source:
Crexi
Added: Mar 13
Changed: Aug 13
Last Checked: Aug 29 at 1:28AM
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 Worth Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in the Western Hills/Ridglea area of Fort Worth, this property is suitable for office or light industrial use. It offers convenient access to I-30, Camp Bowie, and I-20, and is within one hour of DFW International Airport. The property includes reserved and unreserved parking, a shared conference room, and two shared break rooms. The back of the property features a secure, fenced parking and storage area. The property has a size of 5075 square feet and is currently 100% leased. Nearby amenities and public transportation options enhance its appeal for businesses seeking convenience and connectivity.
Key Highlights
- 100% Leased: Great investment opportunity.
- Excellent accessibility to I‑30, Camp Bowie and I‑20.
- Suitable for Office or Light Industrial Use.
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
$88,495
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
8.05%
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%
$1,769,900
$1.8M
Cap Rate 7%
$1,264,214
$1.3M
Cap Rate 9%
$983,278
$983.3K
Market Conditions
NOI Build-Up for 5,075 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
$152.3K $30.00/SF
− Vacancy
−$34.3K −$6.75/SF
EGI
$118.0K $23.25/SF
− OpEx
−$29.5K −$5.81/SF
NOI
$88.5K $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%
$1,769,900
Cap Rate 7%
$1,264,214
Cap Rate 9%
$983,278
Alternative Uses
Best Use
Office B
$1.26M
$1.11M – $1.47M
NOI $88,495 @ 7.0% cap · market cap 8.05%
Second Best
Flex RnD
$588.5K
$515.0K – $686.6K
NOI $41,198 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,047 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 76116, TX
51,639
Population
25,808
Households
2
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.3 sq mi
ZIP Area
4,198
Density / Sq Mi
$54,738
Median Household Income
$39,040
Median Earnings
$1,205
Median Rent
$286,500
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office or light industrial property with easy highway access.
Where is this office units located?
The property is located at 3300 Joyce Dr Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 100% Leased: Great investment opportunity.; Excellent accessibility to I‑30, Camp Bowie and I‑20.; Suitable for Office or Light Industrial Use.
