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    Renovated Medical Office Building Title is generated by Realmo AI

    6825 Manhattan Boulevard, Fort Worth, TX 76120

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    For Sale
    $3,400,000

    SINGLE_FAMILY - Fort Worth, TX

    Type:Office
    Lot size:
    1.11 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    70
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 6825 Manhattan Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    04851706
    Lot size
    1.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    1
    Number of units
    19
    Flooring type
    Carpet, Laminate
    Building materials
    Brick
    Roof type
    Flat, Synthetic

    We can help!

    Listing Contact
    Paul Allen

    Listing agent Paul Allen License #0662225

    Listing office Keller Williams Realty Southlake, TX

    Listing date Mar 26, 2026

    MLS# 21077599

    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.

    HighLights

    • 6825 Manhattan Blvd single‑story walk‑up medical and office building built in 1984
    • 94% occupancy with long‑term tenant Cook Children’s Physician Network
    • Lease structure includes NNN and Modified Gross terms, with ability to convert remaining leases to NNNs
    • Owner‑user option: occupy a portion of the east wing with 30‑day notice to the current tenant
    • Public utilities: served by public water and public sewer
    • Flat synthetic roof; brick construction; parking lot; central heating and central air with ceiling fans

    Overview

    This recently renovated, single-story, walk-up medical and office property is currently 94% occupied, offering a value-add profile for investors or an owner-user. The building is anchored by a long-term medical tenant, Cook Children’s Physician Network. Current leasing structures include NNN and Modified Gross arrangements, with the opportunity for the next owner to continue pushing rents toward market levels and convert remaining leases to NNNs over time. The layout also provides an owner-user option to occupy a portion of the east wing with a 30-day notice to the current tenant.

    The property is located at 6825 Manhattan Boulevard in Fort Worth, TX 76120. As the surrounding subdivision nears completion in summer 2026, the City of Fort Worth has approved plans to turn Manhattan Blvd into a through access to the neighborhood, creating multiple paths of egress to and from the property via Randol Mill Rd and John T. White Rd.

    For tenants or buyers seeking medical-focused space with steady in-place demand, the combination of an anchored clinician and an in-place lease mix can support both immediate income and longer-term positioning through lease conversions. Owner-users can also consider taking space in the east wing on a structured timeline while maintaining exposure to existing rental revenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hydrotech Engineering Engineer Burdick Insurance Insurance Agency Potere Construction Llc Construction Company Unique Legacy Tax Preparation Weiser Security Services, ... Security Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.209743
    Latitude
    32.775415

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    FAQs

    What type of property is this?
    Medical Office Space - Recently renovated single-story medical and office property with strong occupancy and lease flexibility for an owner or investor.
    Where is this medical office space located?
    The property is located at 6825 Manhattan Boulevard Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 6825 Manhattan Blvd single‑story walk‑up medical and office building built in 1984; 94% occupancy with long‑term tenant Cook Children’s Physician Network; Lease structure includes NNN and Modified Gross terms, with ability to convert remaining leases to NNNs
    (817) 329-8850
    We can help!
    Listing Contact
    Paul Allen
    Real Estate License ID: 0662225
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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