Corner Office Building with
For Sale
$399,000
6804 Telephone Road, Lake Worth, TX 76135
CommercialSale, Lake Worth, TX
Property Size2,000 SF
Lot Size0.53 Acres
Price / SF$199.50
Days on Market84
Property Features for 6804 Telephone Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Real commercial
Accessibility
Accessible Approach with Ramp
Subdivision
TOWNSEND, MOSES SURVEY ABSTRACT 1552 TRACT 2P
Lot features
Corner Lot, Few Trees
Directions
From 199 in Lake Worth, south on Telephone Rd., on the corner of Telephone Rd. and Merrett
Standard status
Active
APN
05249910
Size
2,000 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
TOWNSEND, MOSES SURVEY ABSTRACT 1552 TRACT 2P
Tax Annual Amount
7574
Legal Description
TOWNSEND, MOSES SURVEY ABSTRACT 1552 TRACT 2P
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Amenities
kitchen
file room
hidden room behind a bookcase
waiting area
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet, Tile
Building materials
Block, Concrete
Roof type
Composition
Listing Agency:
Keller Williams Fort Worth · Keller Williams Realty
(817) 920-7700
Listed By:
Renee Kolar · License #0372434
(817) 237-9755
Added: Jul 7
Changed: Sep 18
Last Checked: Sep 28 at 12:06PM
MLS# 21246014
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,000-square-foot office property occupies a 0.534-acre corner lot in Lake Worth. The primary building includes multiple office areas, a bathroom, kitchen or kitchenette space, a file room, and a concealed room behind a bookcase. Tile, laminate, and carpet flooring are present, along with central electric heating and cooling. A detached building offers additional office potential and requires work, while a separate storage building provides onsite support space.
The property is positioned across from Lake Worth ISD schools and administration offices, with the courthouse, City Hall, restaurants, and other services within walking distance. Jacksboro Highway is one block away and carries approximately 50,000 vehicles daily. A private parking lot includes handicap-accessible parking, with additional street parking nearby. The site has public water and public sewer service, a composition roof, and an accessible approach with ramp.
The property is positioned across from Lake Worth ISD schools and administration offices, with the courthouse, City Hall, restaurants, and other services within walking distance. Jacksboro Highway is one block away and carries approximately 50,000 vehicles daily. A private parking lot includes handicap-accessible parking, with additional street parking nearby. The site has public water and public sewer service, a composition roof, and an accessible approach with ramp.
Key Highlights
- 2,000‑square‑foot office building on a 0.534‑acre corner lot
- Across from Lake Worth ISD schools and administration offices
- Detached building offers additional office potential; separate storage building included
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
$34,560
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
8.66%
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%
$691,200
$691.2K
Cap Rate 7%
$493,714
$493.7K
Cap Rate 9%
$384,000
$384.0K
Market Conditions
NOI Build-Up for 2,000 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
$61.4K $30.72/SF
− Vacancy
−$15.4K −$7.68/SF
EGI
$46.1K $23.04/SF
− OpEx
−$11.5K −$5.76/SF
NOI
$34.6K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /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%
$691,200
Cap Rate 7%
$493,714
Cap Rate 9%
$384,000
Alternative Uses
Best Use
Office B
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$703.5K
$615.6K – $820.8K
NOI $49,248 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
438
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with multiple structures, public utilities, and accessible parking near schools, civic offices, and local services.
Where is this office building located?
The property is located at 6804 Telephone Road Lake Worth, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,000‑square‑foot office building on a 0.534‑acre corner lot; Across from Lake Worth ISD schools and administration offices; Detached building offers additional office potential; separate storage building included
