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    622 Hemphill St Fort Worth, TX 76104

    Sponsored
    For Sale
    $2,200,000

    Fort Worth medical office buildings, excellent investment.

    Property size:
    6,456 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two adjacent medical office buildings totaling 6,456 square feet in the desirable Fort Worth, Texas market, located at 622 Hemphill St. and 617 Travis Ave., zip code 76104. The property consists of two buildings: a two-story, 4,608 square foot building at 622 Hemphill Street, and a single-story, 1,848 square foot building at 617 Travis Avenue. The asking price for the entire complex is $2,200,000, representing a price per square foot of $371.75. Built in 2012, the Class B property sits on a 0.1-acre lot and offers a multi-tenant configuration. The 617 Travis Avenue building is move-in ready, featuring exam rooms, a lab, and a reception area. The 622 Hemphill Street building offers medical office space on the first floor and upscale residential lofts on the second floor. A key feature is the inclusion of built-in birthing suites. The property enjoys a convenient location, minutes away from major hospitals. Please note that the seller will require a period of time after closing to relocate their existing business. This presents a unique opportunity for investors seeking a well-located, established medical office complex in a thriving Texas market.

    Property Features for 622 Hemphill St

    General Information

    Property type
    Medical offices
    Square Feet
    6,456 SF
    Class
    B
    Lot Size
    4,356 SF

    Building Details

    Year Built
    2012
    Buildings
    1
    Stories
    2

    HighLights

    • Two adjacent medical office buildings (MOBs) totaling 6,456 square feet.
    • 622 Hemphill: 4,608 SF, two‑story building, listed at $1,500,000.
    • 617 Travis Ave: 1,848 SF, single‑story building, listed at $700,000.
    • Conveniently located near major hospitals.
    • Features built‑in birthing suites.
    • 617 Travis Ave is a move‑in ready medical office space with exam rooms, lab, and reception area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fort Worth Birthing ... Midwife Mrs. Dana Hackler Midwife Erica Eggebrecht Midwife Valerie Vaughn Midwife Delilah Jaeger Midwife

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3320961
    Latitude
    32.7374926

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    FAQs

    What type of property is this?
    Medical office - Fort Worth medical office buildings, excellent investment.
    Where is this medical office located?
    The property is located at 622 Hemphill St Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Two adjacent medical office buildings (MOBs) totaling 6,456 square feet.; 622 Hemphill: 4,608 SF, two-story building, listed at $1,500,000.; 617 Travis Ave: 1,848 SF, single-story building, listed at $700,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    622 Hemphill St Fort Worth, TX 76104
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