Multi-Tenant Office Building with I-35E
For Sale
$2,525,000
733 Fort Worth Dr, Denton, TX 76201
Multi-tenant office building with direct Fort Worth Drive frontage and immediate I-35E access near UNT.
Property Size12,123 SF
Price / SF$208.28
Days on Market65
Property Features for 733 Fort Worth Dr
General Information
Standard status
Active
Size
12,123 SF
Class
B
Property subtype
Office - General Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
12,123 SF
Year Built
1984
Units
5
Tenancy
Multi
Listing Agency:
Axis Realty Group
(940) 891-2947
Listed By:
Brad Andrus · License #570358
Source:
Commercialcafe
Added: Jun 23
Changed: Aug 24
Last Checked: Aug 26 at 5:39AM
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 Axis Realty Group
Investment Insights
Based on property information with market context.
733 Fort Worth Drive is a 12,123 SF multi-tenant office building designed to accommodate multiple professional office users under one roof. The property’s configuration supports a range of office operations, with the building positioned for efficient day-to-day access from the main roadway.
The building sits directly on Fort Worth Drive, just south of the University of North Texas, offering visibility along one of Denton’s busiest commercial corridors. It also provides immediate access to I-35E, connecting the address to the broader DFW Metroplex.
For buyers or operators looking for a centrally located office asset, the combination of multi-tenant functionality and direct highway access can simplify tenant reach and improve convenience for employees and visitors traveling through the area. The property’s frontage on Fort Worth Drive further supports office branding and wayfinding for prospective clients. This is a practical option for established office tenants, expanding teams, or investors seeking a straightforward multi-tenant office platform in Denton, Texas.
The building sits directly on Fort Worth Drive, just south of the University of North Texas, offering visibility along one of Denton’s busiest commercial corridors. It also provides immediate access to I-35E, connecting the address to the broader DFW Metroplex.
For buyers or operators looking for a centrally located office asset, the combination of multi-tenant functionality and direct highway access can simplify tenant reach and improve convenience for employees and visitors traveling through the area. The property’s frontage on Fort Worth Drive further supports office branding and wayfinding for prospective clients. This is a practical option for established office tenants, expanding teams, or investors seeking a straightforward multi-tenant office platform in Denton, Texas.
Key Highlights
- 12,123 SF multi‑tenant office building built in 1984
- Direct frontage on Fort Worth Drive in Denton, TX
- Immediate access to I‑35E for convenient travel throughout the DFW Metroplex
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
$190,255
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
7.53%
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%
$3,805,100
$3.8M
Cap Rate 7%
$2,717,929
$2.7M
Cap Rate 9%
$2,113,944
$2.1M
Market Conditions
NOI Build-Up for 12,123 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
$327.3K $27.00/SF
− Vacancy
−$73.6K −$6.08/SF
EGI
$253.7K $20.93/SF
− OpEx
−$63.4K −$5.23/SF
NOI
$190.3K $15.69/SF
Area
Denton, TX
Vacancy
22.50%
Lease Rate
$27.00 /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%
$3,805,100
Cap Rate 7%
$2,717,929
Cap Rate 9%
$2,113,944
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.17M
NOI $190,255 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,133 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building with direct Fort Worth Drive frontage and immediate I-35E access near UNT.
Where is this office building located?
The property is located at 733 Fort Worth Dr Denton, TX.
What is the asking price?
The asking price for this property is $2,525,000.
What are key features of this property?
This property features: 12,123 SF multi‑tenant office building built in 1984; Direct frontage on Fort Worth Drive in Denton, TX; Immediate access to I‑35E for convenient travel throughout the DFW Metroplex
