Medical Office Near
For Sale
Contact for pricing
910 W Northside Dr., Fort Worth, TX 76164
Medical office space for sale near downtown Fort Worth.
Property Size3,776 SF
Price / SF$211.86
Days on Market955
Property Features for 910 W Northside Dr.
General Information
Standard status
Active
Size
3,776 SF
Class
B
Property subtype
Office
Zoning
ER
Building Details
Year Built
1974
Listing Agency:
NAI Robert Lynn Fort Worth
(832) 474-7434
Listed By:
Nick Candelari · License #0783698
Source:
Crexi
Added: Jan 11, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:20AM
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 NAI Robert Lynn Fort Worth
Investment Insights
Based on property information with market context.
Located at 910 W. Northside Drive in Fort Worth, Texas, this 3,776 SF medical office space is available for sale, presenting an owner-user opportunity. The property is fully built-out and features ample parking. Its location offers convenient access to downtown Fort Worth and the Stockyards, with easy access from anywhere in the metroplex. The surrounding community has a total population of 252,123 within a 5-mile radius, making it a potentially desirable location for medical professionals.
Key Highlights
- Fully built‑out medical office space offering 3,776 SF
- Excellent owner‑user opportunity
- Convenient location near downtown Fort Worth and the Stockyards
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
$65,844
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
8.23%
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%
$1,316,880
$1.3M
Cap Rate 7%
$940,629
$940.6K
Cap Rate 9%
$731,600
$731.6K
Market Conditions
NOI Build-Up for 3,776 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
$113.3K $30.00/SF
− Vacancy
−$25.5K −$6.75/SF
EGI
$87.8K $23.25/SF
− OpEx
−$21.9K −$5.81/SF
NOI
$65.8K $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%
$1,316,880
Cap Rate 7%
$940,629
Cap Rate 9%
$731,600
Alternative Uses
Best Use
Office B
$940.6K
$823.1K – $1.10M
NOI $65,844 @ 7.0% cap · market cap 8.23%
Second Best
Healthcare Medical
$786.5K
$688.2K – $917.6K
NOI $55,054 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,016 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76164, TX
15,602
Population
4,866
Households
3.2
Avg Household Size
34
Median Age
5%
College-Educated
52%
High-School Grad
3.9 sq mi
ZIP Area
4,001
Density / Sq Mi
$51,618
Median Household Income
$30,640
Median Earnings
$1,117
Median Rent
$140,200
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?
Medical Office Space - Medical office space for sale near downtown Fort Worth.
Where is this medical office space located?
The property is located at 910 W Northside Dr. Fort Worth, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully built‑out medical office space offering 3,776 SF; Excellent owner‑user opportunity; Convenient location near downtown Fort Worth and the Stockyards
