Penthouse Live-Work
For Sale
$695,000
3575 Lone Star Circle, Fort Worth, TX 76177
Renovated two-bedroom, three-bath condominium currently configured for corporate office use.
Property Size2,275 SF
Price / SF$305.49
Days on Market8
Property Features for 3575 Lone Star Circle
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Office
Additional Details
Floor
Penthouse
Office Units
1
Taxes and HOA fees
Annual Taxes
$9,024
Amenities
clubhouse
pool
hot tub
fitness center
tennis courts
basketball courts
pickleball courts
rooftop access with stadium seating
Electric
Building Details
Year Built
1997
Listing Agency:
Monument Realty
(214) 538-2864
Listed By:
John Holmes-Hill
(214) 538-2864
Source:
Xome
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 3:29PM
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
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 = 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
$41,291
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
5.94%
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%
$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
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
$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 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%
$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 5.94%
Second Best
Office B
$566.7K
$495.9K – $661.2K
NOI $39,670 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$826.4K
$723.1K – $964.2K
NOI $57,849 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
94
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
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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 Circle Fort Worth, TX.
What is the asking price?
The asking price for this property is $695,000.
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
