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 Market122
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: Sep 1
Last Checked: Sep 5 at 9:24PM
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)
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
$34,021
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
4.36%
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%
$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
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
$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 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%
$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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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)
