Medical Office Endcap
For Sale
Contact for pricing
8468 N Riverside Dr, Fort Worth, TX 76244
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 Market168
Property Features for 8468 N Riverside Dr
General Information
Standard status
Active
Size
1,951 SF
Total Parking Spaces
59
Lot size
1.55 Acres
Property subtype
Office
Zoning
Light Industrial
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Practice Real Estate Group
Listed By:
JASON GUAY · License #TX
(512) 956-5076
Source:
Crexi
Added: May 8
Changed: Oct 15
Last Checked: Oct 20 at 7:23PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,021
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,420
$680.4K
Cap Rate 7%
$486,014
$486.0K
Cap Rate 9%
$378,011
$378.0K
Market Conditions
NOI Build-Up for 1,951 SF
Gross rent
$58.5K $30.00/SF
− Vacancy
−$13.2K −$6.75/SF
EGI
$45.4K $23.25/SF
− OpEx
−$11.3K −$5.81/SF
NOI
$34.0K $17.44/SF
Area
Fort Worth, TX
Vacancy
22.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,420
Cap Rate 7%
$486,014
Cap Rate 9%
$378,011
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76244, TX
77,154
Population
26,098
Households
3
Avg Household Size
33
Median Age
45%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
5,178
Density / Sq Mi
$119,542
Median Household Income
$62,021
Median Earnings
$1,954
Median Rent
$363,200
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Frequently Asked Questions
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)
