Building Details

Year Built 1986

Year Renovated 2021

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Paul Allen · License #0662225 Show Phone

Source: Lonestarluxuryrealty

Added: Jul 10 Changed: Oct 1 Last Checked: Oct 15 at 12:28AM

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Investment Insights

Based on property information with market context.

This finished medical clinic suite is plug-and-play and was built out in 2021. The space includes several exam rooms, a reception area, a waiting area, storage, and a private restroom, making it well suited for an immediate medical office operation.

The property is located at Manhattan Plaza on Manhattan Boulevard in Fort Worth, TX. The suite is identified as Unit 200.

For qualified parties, leasing commission is available, and interested tenants or buyers can call to discuss securing the space at Manhattan Plaza.

Key Highlights

• Medical clinic suite finished in 2021 and ready to lease
• Includes several exam rooms plus reception and a waiting area
• Additional features include storage and a private restroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$690,728

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,814,560 $13.8M

Cap Rate 7%

$9,867,543 $9.9M

Cap Rate 9%

$7,674,756 $7.7M

What to ask about pricing

Market Conditions

NOI Build-Up for 47,375 SF

Gross rent

$1.28M $27.00/SF

− Vacancy

−$127.9K −$2.70/SF

EGI

$1.15M $24.30/SF

− OpEx

−$460.5K −$9.72/SF

NOI

$690.7K $14.58/SF

Area

Fort Worth, TX

Vacancy

10.00%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,814,560

Cap Rate 7%

$9,867,543

Cap Rate 9%

$7,674,756

Alternative Uses

Best Use

Office B

$11.80M

$10.33M – $13.77M (±1% cap)

NOI $826,102 @ 7.0% cap · market cap 15,886.58%

Second Best

Healthcare Medical

$9.87M

$8.63M – $11.51M (±1% cap)

NOI $690,728 @ 7.0% cap · market cap 13,283.23%

Theoretical Best

Office A

$17.21M

$15.06M – $20.08M (±1% cap)

NOI $1,204,652 @ 7.0% cap · market cap 23,166.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Therapeutic Concepts Substance ... Social Service Agency Neurodiverse Spectrum Services Training Center Lionheart Roofing & General ... Roofing Company Dowdy Land Surveyors ... Land Surveyor Inner Self Behavioral ... Medical Clinic

Suggested Use

Top Pick Law Firm Real Estate Agency Pharmacy HVAC Service Gym & Fitness Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

359

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 76120, TX

19,240

Population

8,885

Households

2.2

Avg Household Size

34

Median Age

31%

College-Educated

91%

High-School Grad

7.5 sq mi

ZIP Area

2,565

Density / Sq Mi

$74,321

Median Household Income

$47,026

Median Earnings

$1,353

Median Rent

$279,700

Median Home Value

Market

Vacancy Rate% for Office in Fort Worth, TX

11.4% 2019

13.5% 2020

12.1% 2021

13.5% 2022

12.7% 2023

13.1% 2024

11.6% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical clinic suite finished in 2021 with exam rooms, reception, waiting area, storage, and a private restroom.

Where is this medical office space located?

The property is located at 6850 Manhattan Boulevard #200 Fort Worth, TX.

What are key features of this property?

This property features: Medical clinic suite finished in 2021 and ready to lease; Includes several exam rooms plus reception and a waiting area; Additional features include storage and a private restroom