801 Cherry StFort Worth, TX 76102

Property Details for 801 Cherry St

Year built

1984

Lot size

0.83 AC

Property size (Sq ft)

1,024,627 SF

Property type

Office buildings

APN

39023-3-AR

APU

390233AR

Description

Burnett Plaza, located at 801 Cherry St, Fort Worth, TX 76102, offers a prime opportunity for businesses seeking prestigious office space in the heart of the Fort Worth Central Business District. This 40-story, Class A building boasts 1,024,627 square feet of total space, with 246,849 square feet currently available for lease. Suites range from 800 to 50,000 contiguous square feet, catering to diverse business needs. Originally built in 1983 and extensively renovated in 2022 (with prior renovations in 2014 and 2020), the building features contemporary architecture and award-winning green design. Amenities include a second-floor amenity center, an on-site deli, 24/7 card-key access, multiple large conference rooms, a brand-new tenant lounge, and covered parking (3,000 spaces total, with a 3:1,000 ratio, available for a monthly fee). On-site security, management, and engineering teams ensure a seamless and secure environment. Monument signage is available, and the building's location provides easy access to I-30 and close proximity to Sundance Square. The property sits on 3.59 acres and is zoned Historical. Seventeen elevators service the building's 32 suites. This exceptional property offers unparalleled views of Burnett Park and represents a unique opportunity within Fort Worth's vibrant business district.

• CAP approach

  CAP return

  Valuation

  6%

  $280,898,816

  6.5%

  $259,291,200

  7%

  $240,770,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $174,500,960

  Geo Method

  $306,763,072

• Alternative Use

  Use

  Valuation

  Residential

  $321,521,088

  Hospitality

  $294,511,584

  Educational

  $245,030,192

  Medical

  $253,457,152

  Retail

  $381,158,080

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7505

Longitude

-97.3346

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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