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    801 Cherry St Fort Worth, TX 76102

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    For Lease
    Contact for pricing

    40-story office building in Fort Worth's Business District.

    Type:Office
    Property size:
    25,000 SF
    Added:
    Aug 10, 2022
    Days on Market:
    1352
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 801 Cherry St

    General Information

    Standard status
    Active
    Size
    25,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 801 Cherry St Contact us

    Suite 1175 $31 /Mo

    Size
    2,674 SF
    Type
    Office
    Lease Type Plus Electric
    Contact us

    Suite 2050 $31 /Mo

    Size
    1,938 SF
    Type
    Office
    Contact us

    Suite 285 $31 /Mo

    Size
    1,919 SF
    Type
    Office
    Lease Type Plus Electric
    Contact us

    Suite 400 $31 /Mo

    Size
    22,291 SF
    Type
    Office
    Suite 400 is in shell condition.
    Contact us

    Suite 125 $31 /Mo

    Size
    973 SF
    Type
    Office
    Lease Type Plus Electric
    Contact us

    Suite 100 $31 /Mo

    Size
    5,009 SF
    Type
    Office
    Lease Type Plus Electric
    Contact us

    Suite 1075 $32 /Mo

    Size
    2,254 SF
    Type
    Office
    Reception, 2 Storage Spaces, Break Room, 4 Private Offices and Conference Room.
    Contact us

    Suite 1475 $31 /Mo

    Size
    2,953 SF
    Type
    Office
    2,953 RSF in great move-in ready condition. The space is also divisible.
    Contact us

    Suite 280 $31 /Mo

    Size
    1,539 SF
    Type
    Office
    Reception, Open Area, Break Room. Lease is Plus Electric.
    Contact us

    Suite 2270 $31 /Mo

    Size
    2,237 SF
    Type
    Office
    Spec Suite Under Construction! Suite 2270 is 2,237 RSF and offers Reception Area,...
    show more
    Contact us

    Suite 900 $34 /Mo

    Size
    3,072 SF
    Type
    Office
    Spec Suite! Reception Area, 5 Private Offices, Conference Room, Storage Room, Breakroom....
    show more
    Contact us

    Suite 2500 $32 /Mo

    Size
    24,589 SF
    Type
    Office
    Full floor available for lease
    Contact us

    Suite 250 $31 /Mo

    Size
    2,304 SF
    Type
    Office
    Reception, 2 Private Offices and Multiple Open Office Areas. Lease is Plus Electric
    Contact us

    Suite 2200 $33 /Mo

    Size
    4,467 SF
    Type
    Office
    Spec Suite Under Construction! Suite 2200 is 4,467 RSF and offers Reception Area,...
    show more
    Contact us

    Suite 2150 $32 /Mo

    Size
    8,872 SF
    Type
    Office
    15 Private Offices, Multiple Bullpen Areas
    Contact us

    Suite 2900 $32 /Mo

    Size
    24,651 SF
    Type
    Office
    Full Floor - 24 Private Offices, 3 Break rooms, Focus Rooms, Conference Rooms, Work...
    show more
    Contact us

    Suite 2345 $32 /Mo

    Size
    981 SF
    Type
    Office
    Contact us

    Suite 1820 $32 /Mo

    Size
    4,697 SF
    Type
    Office
    Reception Area, Multiple Break Rooms, Conference Room, 5 Private Offices, Many Storage...
    show more
    Contact us

    Suite 2230 $33 /Mo

    Size
    3,863 SF
    Type
    Office
    Spec Suite Under Construction! Suite 2230 is 2,863 RSF and offers a Reception area,...
    show more
    Contact us

    Suite 2210 $33 /Mo

    Size
    2,478 SF
    Type
    Office
    Spec Suite Under Construction! Suite 2210 is 2,478 RSF and offers a Reception, a...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Matthew Cheney

    Listing agent Matthew Cheney License #0813152

    Listing office TXRE Properties LLC

    Listing date Aug 10, 2022

    Source Crexi

    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 TXRE Properties LLC

    Overview

    Class A Office Space Available

    This 40-story office building, delivered in 1983, has undergone renovations in 2014, 2020, and 2022. Burnett Plaza features contemporary architecture and views of Burnett Park. The building is centrally located in Fort Worth’s Business District, with easy access to I-30 and close proximity to Sundance Square. It is located in Fort Worth CBD Historic Fort Worth. The building includes an amenity center on the second floor, an on-site deli, on-site security, management, and engineering. It also features 24/7 card-key access, multiple large conference rooms, brand new tenant lounge facilities, covered parking, and monument signage. The building provides 24/7 security and new ownership. Parking is available at a ratio of 3:1,000 for a monthly fee. The typical floor size is 25,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Muckleroy George Law Firm Cook Childrens Physician ... Medical Clinic Kimley-Horn & Associates Inc: ... Civil Engineer Kimley-Horn & Associates Inc: ... Civil Engineer Sagora Senior Living Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3345533
    Latitude
    32.750452

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    FAQs

    What type of property is this?
    Office building - 40-story office building in Fort Worth's Business District.
    Where is this office building located?
    The property is located at 801 Cherry St Fort Worth, TX.
    What are key features of this property?
    This property features: Premium class‑a amenities; Centrally located in Fort Worth's business district with easy access to I‑30; One‑of‑a‑kind views of Burnett Park
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Cheney
    Real Estate License ID: 0813152
    Learn More
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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.

    More about this property
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