Penthouse Live-Work
For Sale
$650,000
3575 Lone Star Cir Unit 1004, Fort Worth, TX 76177
Renovated two-bedroom, three-bath condominium currently configured for corporate office use.
Property Size2,275 SF
Price / SF$285.71
Days on Market74
Property Features for 3575 Lone Star Cir Unit 1004
General Information
Standard status
Active
Size
2,275 SF
Additional Details
Floor
Penthouse
Office Units
1
Amenities
clubhouse
pool
hot tub
fitness center
tennis courts
basketball courts
pickleball courts
rooftop access with stadium seating
Building Details
Year Built
1997
Listing Agency:
Monument Realty
Listed By:
Chris Holmes-Hill · License #0709101
(214) 538-2864
Source:
Yourdavisteam
Added: Aug 8
Changed: Oct 1
Last Checked: Oct 7 at 5:25PM
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 Monument Realty
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Investment Insights
Based on property information with market context.
This 2275-square-foot penthouse condominium at Lone Star Tower is currently operated as a corporate office and also supports residential use. The renovated interior includes an open layout, updated kitchen, stainless-steel appliances, a Viking Professional range, quartz surfaces, and custom cabinetry. Two bedrooms and three bathrooms provide a flexible live-work configuration, with the primary suite offering a walk-in closet and private bathroom. The second bedroom includes its own en-suite bath and can function as an office or guest room.
Expansive windows face Texas Motor Speedway, and rooftop access provides stadium seating for race-day viewing. Community amenities include a clubhouse, pool, hot tub, fitness center, tennis courts, basketball courts, and pickleball courts. The property was built in 1997 and is located at 3575 Lone Star Circle in Fort Worth, Texas.
Expansive windows face Texas Motor Speedway, and rooftop access provides stadium seating for race-day viewing. Community amenities include a clubhouse, pool, hot tub, fitness center, tennis courts, basketball courts, and pickleball courts. The property was built in 1997 and is located at 3575 Lone Star Circle in Fort Worth, Texas.
Key Highlights
- 2275‑square‑foot penthouse condominium with two bedrooms and three bathrooms
- Currently configured for corporate office use with residential capability
- Renovated kitchen with Viking Professional range, stainless appliances, quartz countertops, and custom cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,291
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,820
$825.8K
Cap Rate 7%
$589,871
$589.9K
Cap Rate 9%
$458,789
$458.8K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$75.1K $33.00/SF
− Vacancy
−$9.0K −$3.96/SF
EGI
$66.1K $29.04/SF
− OpEx
−$24.8K −$10.89/SF
NOI
$41.3K $18.15/SF
Area
Fort Worth, TX
Vacancy
12.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,820
Cap Rate 7%
$589,871
Cap Rate 9%
$458,789
Alternative Uses
Best Use
Mixed Use
$589.9K
$516.1K – $688.2K
NOI $41,291 @ 7.0% cap · market cap 6.35%
Second Best
Office B
$566.7K
$495.9K – $661.2K
NOI $39,670 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$826.4K
$723.1K – $964.2K
NOI $57,849 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
157
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
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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?
Live-work space - Renovated two-bedroom, three-bath condominium currently configured for corporate office use.
Where is this live-work space located?
The property is located at 3575 Lone Star Cir Unit 1004 Fort Worth, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2275‑square‑foot penthouse condominium with two bedrooms and three bathrooms; Currently configured for corporate office use with residential capability; Renovated kitchen with Viking Professional range, stainless appliances, quartz countertops, and custom cabinetry
