Day Care Center with Flexible
For Sale
$995,000
4040 8th Avenue, Fort Worth, TX 76110
Former childcare facility with multiple rooms, office areas, kitchen space, restrooms, and an outdoor area near Fort Worth’s Medical District.
Property Size4,860 SF
Price / SF$204.73
Days on Market8
Property Features for 4040 8th Avenue
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Commercial
Zoning
Commercial-E
Amenities
multiple rooms
office areas
kitchen space
restrooms
outdoor area
Building Details
Building Size
4,860 SF
Year Built
1972
Buildings
1
Stories
1
Units
1
Listing Agency:
Tidwell & Ellis RealEstate Srv
(817) 600-3622
Listed By:
Richard Odom · License #0638228
(817) 600-3622
Source:
1111brokerage
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 24 at 11:28AM
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 Tidwell & Ellis RealEstate Srv
Investment Insights
Based on property information with market context.
This 4,860-square-foot commercial building was constructed in 1972 and previously operated as a childcare facility. The interior includes multiple rooms, office areas, kitchen space, and restrooms, while an outdoor area adds useful functional space. The existing configuration supports an adaptable commercial layout, subject to zoning and applicable approvals.
The property is located at 4040 8th Ave. in Fort Worth, near the Medical District and Near Southside. Its setting provides access to Downtown Fort Worth, major employment centers, established neighborhoods, and key transportation routes. The building may suit an owner-user, investor, or organization seeking a facility that can be repositioned or updated for a different commercial purpose.
The property is located at 4040 8th Ave. in Fort Worth, near the Medical District and Near Southside. Its setting provides access to Downtown Fort Worth, major employment centers, established neighborhoods, and key transportation routes. The building may suit an owner-user, investor, or organization seeking a facility that can be repositioned or updated for a different commercial purpose.
Key Highlights
- 4,860 SF commercial building
- Constructed in 1972
- Former childcare facility with multiple rooms and office areas
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
$84,746
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
8.52%
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%
$1,694,920
$1.7M
Cap Rate 7%
$1,210,657
$1.2M
Cap Rate 9%
$941,622
$941.6K
Market Conditions
NOI Build-Up for 4,860 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
$145.8K $30.00/SF
− Vacancy
−$32.8K −$6.75/SF
EGI
$113.0K $23.25/SF
− OpEx
−$28.2K −$5.81/SF
NOI
$84.7K $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 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%
$1,694,920
Cap Rate 7%
$1,210,657
Cap Rate 9%
$941,622
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,746 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.54M – $2.06M
NOI $123,580 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76110, TX
29,858
Population
12,497
Households
2.4
Avg Household Size
33
Median Age
29%
College-Educated
68%
High-School Grad
5.7 sq mi
ZIP Area
5,238
Density / Sq Mi
$68,435
Median Household Income
$36,262
Median Earnings
$1,255
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Naylor Children's Center — 4520 Frazier Ave, Fort Worth, TX 76115
- Super Kids Seminary — 520 W Seminary Dr, Fort Worth, TX 76115
- Fort Worth Safari Daycare — 4113 Merida Ave, Fort Worth, TX 76115
- Kyndall Care Daycare — 4037 McCart Ave, Fort Worth, TX 76110
- Daisy School LLC — 3443 McCart Ave, Fort Worth, TX 76110
Frequently Asked Questions
What type of property is this?
Day care center - Former childcare facility with multiple rooms, office areas, kitchen space, restrooms, and an outdoor area near Fort Worth’s Medical District.
Where is this day care center located?
The property is located at 4040 8th Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,860 SF commercial building; Constructed in 1972; Former childcare facility with multiple rooms and office areas
