Fort Worth Freestanding Office
For Sale
$1,290,000
403-407 N Sylvania Ave, Fort Worth, TX 76111
6,522 SF office building with 18 units in Fort Worth.
Property Size6,522 SF
Price / SF$197.79
Days on Market223
Property Features for 403-407 N Sylvania Ave
General Information
Standard status
Active
Size
6,522 SF
Class
C
Property subtype
Office
Building Details
Building Size
6,522 SF
Year Built
1965
Listing Agency:
Vision Commercial Real Estate
Listed By:
Roger Smeltzer · License #560209
(817) 803-3287
Source:
Tcnworldwide
Added: Mar 6
Changed: Oct 10
Last Checked: Oct 14 at 9:26PM
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 Vision Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,522 square foot office building, constructed in 1965, is located in Fort Worth and zoned E. The property features 18 units. Situated in a vibrant community, the location offers access to dining and cultural destinations such as the Fort Worth Stockyards and Sundance Square. Major highways and public transportation provide convenient access. Local parks and recreational facilities are also nearby. The property is in a trendy and quickly regentrifying market adjacent to Race Street, near Top Golf and several new multi-family projects built in recent years. It is a freestanding office building located three minutes from downtown Fort Worth.
Key Highlights
- Prime investment opportunity in a rapidly developing Fort Worth location.
- 6,522 SF free‑standing office building with 18 units.**
- Strategic location just three minutes from downtown Fort Worth.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,727
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,274,540
$2.3M
Cap Rate 7%
$1,624,671
$1.6M
Cap Rate 9%
$1,263,633
$1.3M
Market Conditions
NOI Build-Up for 6,522 SF
Gross rent
$195.7K $30.00/SF
− Vacancy
−$44.0K −$6.75/SF
EGI
$151.6K $23.25/SF
− OpEx
−$37.9K −$5.81/SF
NOI
$113.7K $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 Rate 5%
$2,274,540
Cap Rate 7%
$1,624,671
Cap Rate 9%
$1,263,633
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.90M
NOI $113,727 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,841 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
Explore this area
Business Placement
Demographics for 76111, TX
22,512
Population
8,523
Households
2.6
Avg Household Size
33
Median Age
15%
College-Educated
67%
High-School Grad
7.4 sq mi
ZIP Area
3,042
Density / Sq Mi
$56,944
Median Household Income
$37,149
Median Earnings
$1,272
Median Rent
$199,100
Median Home Value
Check the figures for this property
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?
Office building - 6,522 SF office building with 18 units in Fort Worth.
Where is this office building located?
The property is located at 403-407 N Sylvania Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Prime investment opportunity in a rapidly developing Fort Worth location.; 6,522 SF free‑standing office building with 18 units.**; Strategic location just three minutes from downtown Fort Worth.
