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Property profile & analytics
OFF-MARKET Estimated value $1,175,000
Investment properties

622 Hemphill St Fort Worth, TX 76104-3179

4,608 SF 0.1 ac lot Built 2012
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-0321527
Property summary
AI-generated overview

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 profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2012
Total area 4,608 SF
Lot 0.1 ac (4,500 SF)
APN 7700-5-3C
UPID US82-0321527
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fort Worth Birthing & Wellness Center Midwife
  • Mrs. Dana Hackler Midwife
  • Erica Eggebrecht Midwife
  • Valerie Vaughn Midwife
  • Delilah Jaeger Midwife
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$1.18M
Owner & transaction history
Fwb Holdings LLC · 12 yrs held
Fwb Holdings LLC
since 2013
7 recorded transactions
2023
Price N/A
2019
Price N/A
2013
Price N/A
2012
Price N/A
2011
Price N/A
2011
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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