Freestanding Condo Leased to
9816 N Beach Street Fort Worth, TX 76244
9816 N Beach Street, Fort Worth, TX, 76244
Contact for pricing
For Sale
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Freestanding condo in affluent Fort Worth submarket, leased to MyEyeDr.
Property Size4,766 SF
Price / SF$454.11
Days on Market61
Property Features for 9816 N Beach Street
General Information
- Standard status
- Active
- Size
- 4,766 SF
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing Agency
Matthews
Listed by
Andrew Fagundo · License #CA 02062491
Source
Crexi
Added: May 18 Checked: Jul 17 at 3:50 am
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 Matthews
Investment Insights
Based on property information with market context.
A freestanding condo leased to MyEyeDr. (MED) is available in a high-growth submarket of Fort Worth. MyEyeDr. operates a network of optometry platforms throughout the U.S. The property has approximately 2.66 years of remaining lease term on a NNN structure, featuring 2.75% annual rent increases and a single seven-year renewal option. Located in Tarrant County, the property benefits from demographics, including approximately 292,000 residents within a five-mile radius. The surrounding area has average household incomes of approximately $165,000 within one mile. The property is positioned within a medical corridor, surrounded by healthcare providers.
Key Highlights
- Leased to MyEyeDr. (MED), a large and growing national optometry platform with over 800 locations.
- Located in an affluent and high‑growth submarket of Fort Worth, Texas.
- NNN lease structure with approximately ±2.66 years of remaining term and attractive 2.75% annual rent increases.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.0k | $30.00 |
| − Vacancy | −$32.2k | −$6.75 |
| EGI | $110.8k | $23.25 |
| − OpEx | −$27.7k | −$5.81 |
| NOI | $83.1k | $17.44 |
4,766 SF · lease $30.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,107 @ 7.0% cap · market cap 3.84%
Second Best
Healthcare Medical
$992.7K
$868.6K – $1.16M
NOI $69,488 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,190 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MyEyeDr
Physician
Michael Shea
Physician
ELIZABETH SCHERER
Physician
MyEyeDr.
Eye Care Center
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FAQs
What type of property is this?
Medical Office Space - Freestanding condo in affluent Fort Worth submarket, leased to MyEyeDr.
Where is this medical office space located?
The property is located at 9816 N Beach Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,164,267.
What are key features of this property?
This property features: Leased to MyEyeDr. (MED), a large and growing national optometry platform with over 800 locations.; Located in an affluent and high‑growth submarket of Fort Worth, Texas.; NNN lease structure with approximately ±2.66 years of remaining term and attractive 2.75% annual rent increases.
