Prime Retail Space on
For Sale
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1000 8th Ave, Fort Worth, TX 76104
High-visibility retail space in the Near Southside/Medical District.
Property Size4,420 SF
Price / SF$509.05
Days on Market693
Property Features for 1000 8th Ave
General Information
Standard status
Active
Size
4,420 SF
Total Parking Spaces
19
Property subtype
Retail
Zoning
NS-T51
Investment Type
Owner/User
Building Details
Year Built
2015
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
LanCarte Commercial
(817) 228-4247
Listed By:
Ben Gehrke · License #TX 423153
Source:
Crexi
Added: Oct 1, 2024
Changed: Aug 15
Last Checked: Aug 23 at 10:44PM
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 LanCarte Commercial
Investment Insights
Based on property information with market context.
Located on the northwest quadrant of Rosedale and 8th Avenue, this property offers high visibility on 8th Avenue. The location is in the Near Southside/Medical District. Neighboring tenants include Starbucks, CVS Pharmacy, Chipotle, Subway, Firehouse Subs, Hurtado Barbecue, Hotel Revel, and Cheba Hut Toasted Subs. The property size is 4,420 square feet.
Key Highlights
- Prime location in the heart of the Near Southside/Medical District.
- Excellent visibility on 8th Avenue.
- Located on the northwest quadrant (NWQ) of Rosedale and 8th Ave.
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
$71,045
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
3.16%
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%
$1,420,900
$1.4M
Cap Rate 7%
$1,014,929
$1.0M
Cap Rate 9%
$789,389
$789.4K
Market Conditions
NOI Build-Up for 4,420 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
$106.6K $24.12/SF
− Vacancy
−$5.1K −$1.16/SF
EGI
$101.5K $22.96/SF
− OpEx
−$30.4K −$6.89/SF
NOI
$71.0K $16.07/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$1,420,900
Cap Rate 7%
$1,014,929
Cap Rate 9%
$789,389
Alternative Uses
Best Use
Retail
$1.01M
$888.1K – $1.18M
NOI $71,045 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.40M – $1.87M
NOI $112,392 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility retail space in the Near Southside/Medical District.
Where is this retail space located?
The property is located at 1000 8th Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Prime location in the heart of the Near Southside/Medical District.; Excellent visibility on 8th Avenue.; Located on the northwest quadrant (NWQ) of Rosedale and 8th Ave.
