Two-Story Office
For Sale
Contact for pricing
6712 Azle Ave, Fort Worth, TX 76135
Two-story office with flexible room layout, on-site parking, and road-front signage for client-friendly visibility.
Property Size3,330 SF
Price / SF$225.23
Days on Market101
Property Features for 6712 Azle Ave
General Information
Standard status
Active
Size
3,330 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1950
Stories
2
Listing Agency:
The Property Shop
Listed By:
Crissy Robinson · License #TX 0585684
(817) 888-8849
Source:
Crexi
Added: May 30
Changed: Aug 25
Last Checked: Sep 7 at 4:57AM
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 The Property Shop
Investment Insights
Based on property information with market context.
This two-story, cottage-style office building is designed for a mix of private and open workspace. The downstairs level includes five rooms, a lobby, bathroom, laundry, and a break room. Upstairs features one large room with vaulted ceilings, offering a single, flexible area that can support a variety of office or meeting configurations.
The property is positioned in a Lake Worth area setting with excellent visibility and accessibility near major highways. It also includes nearly an acre of land, a parking lot with ample parking for clients and associates, and a commercial sign with road frontage.
With its combination of multiple rooms, a dedicated lobby and amenities downstairs, and a spacious vaulted area upstairs, this building can accommodate office users who need both day-to-day workspace and a larger second-level room. The on-site parking and prominent road-front signage are practical for businesses seeking an accessible presence for visitors and customers. Virtual tour is available via the listing link.
The property is positioned in a Lake Worth area setting with excellent visibility and accessibility near major highways. It also includes nearly an acre of land, a parking lot with ample parking for clients and associates, and a commercial sign with road frontage.
With its combination of multiple rooms, a dedicated lobby and amenities downstairs, and a spacious vaulted area upstairs, this building can accommodate office users who need both day-to-day workspace and a larger second-level room. The on-site parking and prominent road-front signage are practical for businesses seeking an accessible presence for visitors and customers. Virtual tour is available via the listing link.
Key Highlights
- 2‑story cottage‑style office building built in 1950 with 5 rooms plus lobby, bathroom, laundry, and break room
- Additional large upstairs room with vaulted ceilings
- Nearly 1 acre property with on‑site parking for clients and associates
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
$58,067
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
7.74%
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%
$1,161,340
$1.2M
Cap Rate 7%
$829,529
$829.5K
Cap Rate 9%
$645,189
$645.2K
Market Conditions
NOI Build-Up for 3,330 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
$99.9K $30.00/SF
− Vacancy
−$22.5K −$6.75/SF
EGI
$77.4K $23.25/SF
− OpEx
−$19.4K −$5.81/SF
NOI
$58.1K $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%
$1,161,340
Cap Rate 7%
$829,529
Cap Rate 9%
$645,189
Alternative Uses
Best Use
Office B
$829.5K
$725.8K – $967.8K
NOI $58,067 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,675 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 76135, TX
22,009
Population
8,148
Households
2.7
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
25.6 sq mi
ZIP Area
860
Density / Sq Mi
$70,590
Median Household Income
$41,535
Median Earnings
$1,210
Median Rent
$250,600
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?
Office building - Two-story office with flexible room layout, on-site parking, and road-front signage for client-friendly visibility.
Where is this office building located?
The property is located at 6712 Azle Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2‑story cottage‑style office building built in 1950 with 5 rooms plus lobby, bathroom, laundry, and break room; Additional large upstairs room with vaulted ceilings; Nearly 1 acre property with on‑site parking for clients and associates
