Medical Office Endcap
8468 N Riverside Dr Fort Worth, TX 76244
8468 N Riverside Dr, Fort Worth, TX, 76244
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For Sale
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Shell endcap medical office available in an established medical corridor with medical/professional use restrictions.
Property Size1,951 SF
Lot Size1.55 Acres
Price / SF$399.79
Days on Market75
Property Features for 8468 N Riverside Dr
General Information
- Standard status
- Active
- Size
- 1,951 SF
- Lot size
- 1.55 Acres
- Property subtype
- Office
Listing agency
Practice Real Estate Group
(512) 956-5076
Listed by
JASON GUAY · License #TX
Source
Crexi
Added: May 8 Updated: Jul 21 at 12:43PM Checked: Jul 21 at 12:43PM
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 Practice Real Estate Group
Investment Insights
Based on property information with market context.
This 1,951 SF medical office suite is offered as a shell endcap unit for purchase in Building 1 of a three-building medical office development. The space is available now and is positioned as the east endcap of the property’s first building. The development maintains a restricted medical or professional use environment.
The site is located adjacent to the Alliance Texas master development and within close proximity to Medical City Alliance and HEB, with multiple nearby retail destinations referenced in the immediate trade area.
On-site, the overall property includes Building 1 (5,600 SF) along with Building 2 (5,600 SF) and Building 3 (6,000 SF), and the property is identified as light industrial zoning on a 1.55-acre lot. Existing tenants listed within the development include a General Dentist, an Autism Behavior Center, and a Psychiatrist.
The site is located adjacent to the Alliance Texas master development and within close proximity to Medical City Alliance and HEB, with multiple nearby retail destinations referenced in the immediate trade area.
On-site, the overall property includes Building 1 (5,600 SF) along with Building 2 (5,600 SF) and Building 3 (6,000 SF), and the property is identified as light industrial zoning on a 1.55-acre lot. Existing tenants listed within the development include a General Dentist, an Autism Behavior Center, and a Psychiatrist.
Key Highlights
- 1,951 SF shell endcap medical office available now at 8468 N Riverside Dr (east endcap of Building 1)
- Purchase price listed at $780,000 ($400/SF) with medical/professional use restrictions
- Building 1 totals 5,600 SF; the site includes Building 2 (5,600 SF) and Building 3 (6,000 SF)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $30.00 |
| − Vacancy | −$13.2k | −$6.75 |
| EGI | $45.4k | $23.25 |
| − OpEx | −$11.3k | −$5.81 |
| NOI | $34.0k | $17.44 |
1,951 SF · lease $30.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$486.0K
$425.3K – $567.0K
NOI $34,021 @ 7.0% cap · market cap 4.36%
Second Best
Healthcare Medical
$406.4K
$355.6K – $474.1K
NOI $28,446 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$708.7K
$620.1K – $826.8K
NOI $49,610 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Shell endcap medical office available in an established medical corridor with medical/professional use restrictions.
Where is this medical office space located?
The property is located at 8468 N Riverside Dr Fort Worth, TX.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 1,951 SF shell endcap medical office available now at 8468 N Riverside Dr (east endcap of Building 1); Purchase price listed at $780,000 ($400/SF) with medical/professional use restrictions; Building 1 totals 5,600 SF; the site includes Building 2 (5,600 SF) and Building 3 (6,000 SF)
