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    Medical Office with Residential Lofts Title is generated by Realmo AI

    622 Hemphill St, Fort Worth, TX

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    Mixed-use property featuring medical office and upscale residential lofts.

    Type:OFFICE
    Property size:
    4,608 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $282/SF
    Added:
    Jul 18, 2024
    Days on Market:
    700
    Last Refresh:
    May 19 at 10:25 pm

    Property Features for 622 Hemphill St

    General Information

    Standard status
    Active
    Size
    4,608 SF
    Lot size
    0.35 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 622 Hemphill St Contact us

    We can help!

    Listing Contact
    Nick Candelari

    Listing agent Nick Candelari

    Listing office NAI Robert Lynn-Fort Worth

    Listing date Jul 18, 2024

    Source Moodyscre

    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 NAI Robert Lynn-Fort Worth

    HighLights

    • Medical office on the first floor
    • Upscale residential lofts on the second floor
    • Minutes from major hospitals
    • Built‑in birthing suites
    • 622 Hemphill is medical office
    • Seller will need time after close to relocate business

    Overview

    The property at 622 Hemphill Street in Fort Worth, TX, is a mixed-use building comprising a medical office on the first floor and upscale residential lofts on the second floor. The building has a total size of 4,608 square feet. The first floor features built-in birthing suites. The property is located minutes from major hospitals. The seller will need time after closing to relocate their business. The property is suitable for medical offices, live-work space, and mixed-use purposes.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $152.1k $33.00
    − Vacancy −$18.2k −$3.96
    EGI $133.8k $29.04
    − OpEx −$50.2k −$10.89
    NOI $83.6k $18.15
    4,608 SF · lease $33.00/SF/yr · vacancy 12.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.19M
    $1.05M – $1.39M (±1% cap)
    NOI $83,635 @ 7.0% cap · market cap 6.43%
    Second Best
    Office B
    $1.15M
    $1.00M – $1.34M (±1% cap)
    NOI $80,352 @ 7.0% cap · market cap 6.18%
    Theoretical Best
    Office A
    $1.67M
    $1.46M – $1.95M (±1% cap)
    NOI $117,172 @ 7.0% cap · market cap 9.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fort Worth Birthing ... Midwife Mrs. Dana Hackler Midwife Erica Eggebrecht Midwife Valerie Vaughn Midwife Delilah Jaeger Midwife

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Texas Veterinary Ophthalmology — 818 W Terrell Ave, Fort Worth, TX 76104
    • ABC Animal Clinic and Hospital — 500 South Fwy, Fort Worth, TX 76104
    • Love Veterinarian — 1208 w magnolia ave, fort worth, tx 76104

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3321
    Latitude
    32.7375

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    FAQs

    What type of property is this?
    Medical Office Space - Mixed-use property featuring medical office and upscale residential lofts.
    Where is this medical office space located?
    The property is located at 622 Hemphill St Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Medical office on the first floor; Upscale residential lofts on the second floor; Minutes from major hospitals
    (817) 885-8333 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Candelari
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