Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    702 Houston St Fort Worth, TX 76102
    Back to Search
    Property profile & analytics

    702 Houston St, Fort Worth, TX 76102

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Forrest Performance Group (FPG) / Consultant / Coaching Center
    • Precision Environmental Services / Environmental Consultant / Asbestos Testing Service
    • Intelligence Driven Advisers / Financial Advisor
    • American Adoptions / Adoption Agency
    • American Consumer Credit Counseling, Inc. / Financial Advisor

    Property Details for 702 Houston St

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional Fort Worth office space, located at 702 Houston St, 76102, in Tarrant County, Texas, offers a diverse range of flexible work solutions. The property caters to various business needs, providing traditional office spaces, executive suites, coworking areas, medical offices, and creative office environments. Businesses of all sizes can find a suitable option, from single-person offices to large-scale corporate setups accommodating 100+ desks. Customization is a key feature, allowing tenants to tailor their space to their specific requirements. Beyond private offices, the location boasts a vibrant coworking environment, fostering collaboration and networking opportunities. Meeting rooms of varying sizes are available for both informal gatherings and formal presentations, equipped with Wi-Fi and necessary equipment. For businesses seeking a prestigious address without the commitment of a full-time office, virtual office options are also available, including mail handling and virtual assistant services. Furthermore, flexible working plans provide access to a global network of workspaces, offering unparalleled convenience and adaptability. This property presents a unique opportunity to secure a workspace that perfectly aligns with your company's needs and growth trajectory within a thriving Fort Worth location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3313
    Latitude
    32.7528

    Comparable in this City

    • Value Estimation by Request
      30,000 SF

      500 Throckmorton St

      Wedding venues
      500 Throckmorton St, Fort Worth, TX 76102
      View Details
    • Value Estimation by Request
      2,500 SF

      640 Taylor St

      Office Units
      640 Taylor St, Fort Worth, TX 76102
      View Details
    • Value Estimation by Request
      0.20 Acres

      915 Smt Ave

      MEDICAL BUILDING
      915 Smt Ave, Fort Worth, TX 76102
      View Details
    • Value Estimation
      $545,000
      11,578 SF

      919 Smt Ave

      MEDICAL BUILDING
      919 Smt Ave, Fort Worth, TX 76102-3479
      View Details
    • Value Estimation by Request
      0.41 Acres

      1201 Ballinger St

      MEDICAL BUILDING
      1201 Ballinger St, Fort Worth, TX 76102
      View Details
    • Value Estimation by Request
      0.10 Acres

      1209 Lancaster Ave

      MEDICAL BUILDING
      1209 Lancaster Ave, Fort Worth, TX 76102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fort Worth Warehouse and Office

      Warehouse and office space in a prime Fort Worth location.
      1100 Harding St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      7,131 SF

      Restored Downtown Space For Sale

      Updated downtown space suitable for creative office, bar, or restaurant.
      907 Houston St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Office Space For Sale

      Office space available for purchase in Fort Worth, Texas.
      812 W Weatherford St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      23,744 SF

      Office Building in Fort Worth

      Office building with ground floor space in Fort Worth.
      2600 Freeway W, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      42,400 SF

      Downtown Fort Worth Land Opportunity

      Prime downtown Fort Worth land for sale or ground lease.
      1500 Houston St, Fort Worth, TX 76102
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible options for rent.
      702 Houston St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      TX, Fort Worth- Spaces Fort Worth

      Workspaces, services and support to help you grow your business in Spaces DC Washington - 1015 15th Street
      702 Houston St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      New Office Space Available

      Never occupied office space available for rent, delivered in 2024.
      100 Throckmorton St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      218 SF

      Single Office Space For Rent

      218 SF single office space available for rent.
      500 Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      3,731 SF

      Fort Worth Office Space Available

      3,731 square feet of office space for lease.
      100 Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      3,390 SF

      Downtown Fort Worth Office Space

      Class B office space for lease in downtown Fort Worth.
      715 Jones St, Fort Worth, TX 76102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    702 Houston St
    Fort Worth, TX 76102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    702 Houston St, Fort Worth, TX, 76102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!