Fort Worth Retail Investment
For Sale
Contact for pricing
901 N SYLVANIA AVE, Fort Worth, TX 76111
Well-maintained retail asset with national tenants and dependable cash flow.
Property Size3,540 SF
Price / SF$268.08
Days on Market115
Property Features for 901 N SYLVANIA AVE
General Information
Standard status
Active
Size
3,540 SF
Class
B
Property subtype
Retail, Office
Zoning
Retail/Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Building Details
Year Built
2004
Buildings
1
Tenancy
Multi
Listing Agency:
KHALiL REAL ESTATE
(817) 881-2662
Listed By:
Karam Khalil · License #9016033
Source:
Crexi
Added: May 11
Changed: Aug 31
Last Checked: Aug 28 at 7:21PM
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 KHALiL REAL ESTATE
Investment Insights
Based on property information with market context.
This Fort Worth property presents an investment opportunity featuring a well-maintained retail asset with national-brand tenancy and dependable cash flow. The property is leased to MetroPCS, occupying approximately 840 square feet, with a franchise operator that operates over 400 stores nationwide. Ascend Staffing occupies approximately 2,700 square feet; this company has more than 50 offices across the country. The building has an attractive elevation, arches throughout, strong curb appeal, and excellent overall condition due to consistent maintenance and upkeep. This is an opportunity for an investor looking to park capital in an asset with strong tenancy, dependable income, and long-term ownership appeal. The property is strategically located in Fort Worth near Highway 35W, Highway 121, and Highway 183, providing strong accessibility and desirable positioning. The property is being offered on a pro forma basis, presenting investors with stable in-place tenancy today along with future income growth potential and long-term upside. The property is suitable for retail and service-oriented users.
Key Highlights
- Strong national‑brand tenancy (MetroPCS and Ascend Staffing) providing dependable cash flow
- NNN lease structure offers a low‑management ownership profile
- Attractive building elevation, strong curb appeal, and excellent overall condition due to consistent maintenance
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
$61,729
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
6.50%
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%
$1,234,580
$1.2M
Cap Rate 7%
$881,843
$881.8K
Cap Rate 9%
$685,878
$685.9K
Market Conditions
NOI Build-Up for 3,540 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
$106.2K $30.00/SF
− Vacancy
−$23.9K −$6.75/SF
EGI
$82.3K $23.25/SF
− OpEx
−$20.6K −$5.81/SF
NOI
$61.7K $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%
$1,234,580
Cap Rate 7%
$881,843
Cap Rate 9%
$685,878
Alternative Uses
Best Use
Office B
$881.8K
$771.6K – $1.03M
NOI $61,729 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$812.9K
$711.3K – $948.3K
NOI $56,900 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,015 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
Explore this area
Business Placement
Demographics for 76111, TX
22,512
Population
8,523
Households
2.6
Avg Household Size
33
Median Age
15%
College-Educated
67%
High-School Grad
7.4 sq mi
ZIP Area
3,042
Density / Sq Mi
$56,944
Median Household Income
$37,149
Median Earnings
$1,272
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Office in Fort Worth, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained retail asset with national tenants and dependable cash flow.
Where is this retail space located?
The property is located at 901 N SYLVANIA AVE Fort Worth, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Strong national‑brand tenancy (MetroPCS and Ascend Staffing) providing dependable cash flow; NNN lease structure offers a low‑management ownership profile; Attractive building elevation, strong curb appeal, and excellent overall condition due to consistent maintenance
