Fort Worth commercial real estate, brokered from Fort Worth.

Honestly, that depends on what you're buying and how big the deal is. Daniel Weber is a Fort Worth advisor with SVN | Trinity Advisors who focuses on office and retail investment sales, 1031 exchanges, and landlord/tenant representation across Tarrant County. He's a CCIM Candidate and TCU alumnus, and listings are marketed through SVN's network of more than 200 offices rather than just a single firm's buyer list.

Dallas–Fort Worth was ranked the #1 U.S. metro for CRE investment in CBRE's 2025 Investor Intentions Survey. The region added roughly 124,000 residents in the year ending July 2025 (Census/FRED), Fort Worth is now the 10th-largest U.S. city, and Texas has no state income tax. Going-in yields are still wider here than in most coastal markets, which is the main reason out-of-state capital keeps showing up.

Entry points vary by asset class. Single-tenant net-lease retail usually starts around $1M–$3M all-cash, or $1.5M–$5M with financing. Small multifamily (10–30 units) and value-add strip retail typically start at $2M–$8M. Class B office and infill industrial generally start at $3M–$15M. Investors with less capital can use a Delaware Statutory Trust (DST), often inside a 1031, starting around $100K. Tell me your check size on an intro call and I'll scope the pipeline to it.

Out-of-state investors, particularly from California, New York, Illinois, and the Pacific Northwest, have been a meaningful share of DFW capital for several years. The usual flow is a discovery call to define asset class, geography, leverage, and hold period, then a tailored deal pipeline with full underwriting, T-12s, rent rolls, and submarket comps delivered remotely. Virtual tours and third-party inspections handle the physical side, and closing is run through a Texas title company (and a Qualified Intermediary if it's a 1031). Plenty of clients have never set foot in Fort Worth before they close.

Same MSA, different markets. Dallas and the northern suburbs (Plano, Frisco, Richardson) trade at lower cap rates and tend to be the capital-preservation play. Fort Worth and the western and southern Tarrant submarkets generally trade 50–125 bps wider in cap rate for comparable product, with strong in-migration, a deep industrial base around AllianceTexas, and real upside in infill retail and office repositioning. Most clients end up allocating to both sides depending on the strategy.

A 1031 exchange under IRC §1031 lets you defer federal capital gains tax by exchanging investment real estate for like-kind replacement property. At closing of the relinquished property, proceeds go to a Qualified Intermediary rather than to you. From there you have 45 days to identify replacement property in writing and 180 days from the original sale to close on it. Texas has no state capital gains tax, so the whole exercise is purely federal deferral.

This is the single biggest risk in any exchange and the reason most failed 1031s fail. The way we mitigate it: start sourcing replacement property before the relinquished property closes, identify three candidates under the standard rule so you always have backups (using the 200% or 95% rule when the situation calls for it), and keep a Delaware Statutory Trust option warm in case the open market doesn't deliver in time. A DST interest can usually be closed inside the 180-day window and counts as like-kind. Missing the 45-day window means the entire gain becomes taxable that year, so we treat it as a hard deadline from day one.

Yes. Under §1031, any U.S. real property held for investment or productive use in a trade or business is like-kind to any other U.S. investment real property. Multifamily into STNL retail, industrial into office, raw land into medical office. Many clients use this to trade out of management-intensive multifamily into passive credit-tenant STNL with 10–20 year leases as they approach retirement.

A DST is a pre-packaged, professionally managed fractional interest in institutional-quality real estate that qualifies as like-kind replacement property in a 1031. It solves the 45-day clock, removes the management burden, and gets you into assets you couldn't buy directly. The catch is that you give up control, fees run higher than direct ownership, you can't refinance or 1031 out individually until the sponsor sells, and cash-on-cash returns are typically 4–6%. DSTs are a fit for investors who care more about tax deferral and being hands-off than about upside.

In Texas, commercial brokerage commissions are negotiable and almost always paid by the seller on investment sales or the landlord on leasing. Total commissions on investment sales typically run 3%–6% of the purchase price, split between the listing and buyer-side brokers. If you're a buyer, there's no out-of-pocket cost; the fee comes from the seller's side of the closing statement. Landlord commissions on leasing usually run 4%–6% of total lease value. All compensation is disclosed in writing in the representation agreement.

From accepted LOI to closing, expect 60–90 days for a standard investment sale. Roughly 10 days to negotiate the PSA, 30–45 days of due diligence (Phase I environmental, survey, title review, lease audits, property condition assessment), and 15–30 days for financing and closing. All-cash deals can close in 30–45 days. 1031-driven closings get paced to the IRS 180-day calendar. You get a written deal timeline at LOI so every milestone has a date.

A Letter of Intent is a short, non-binding term sheet covering price, deposit, due diligence period, closing date, and major contingencies. It's used to get aligned on economics before lawyers are involved. The Purchase and Sale Agreement is the binding contract that follows, typically 30–60 pages, covering reps and warranties, default remedies, prorations, and assignment rights. LOIs are negotiated in-house; the PSA is coordinated with your transactional attorney.

Texas is a title-company closing state, so you don't legally need an attorney to close (unlike New York or Illinois). That said, for any deal over roughly $1M it's worth having a Texas-licensed CRE attorney review the PSA, lease assignments, and any seller financing or assumption documents. Referrals to Fort Worth and Dallas attorneys who specialize in CRE are available if you don't have one.

It depends on the asset class. Industrial activity concentrates around AllianceTexas in north Fort Worth, the South Fort Worth / I-20 corridor, and Mansfield. Retail demand sits in West 7th, Camp Bowie, Clearfork, Alliance Town Center, and the SH-114/170 corridor in Northwest Tarrant. Office is Downtown, the Cultural District, West 7th, and the Clearfork/Hulen submarket. Multifamily runs through Near Southside, West 7th, Alliance, and the eastern Tarrant/Arlington corridor. Happy to send a submarket brief on whichever class you're underwriting.

Cap rates move quarter to quarter, but recent reference points: single-tenant net-lease retail averaged about 6.80% nationally in Q1 2026 (Boulder Group), with credit-tenant Fort Worth STNL typically 25–75 bps inside that. Multi-tenant retail strip centers in Tarrant County are generally 6.50%–7.75%. Class B Fort Worth office is in the 8.0%–9.5% range right now with wide variance by tenancy and lease term. Infill industrial trades roughly 5.75%–7.00% depending on clear height, tenant credit, and WALT.

NNN/STNL is one of the most popular structures for passive investors and 1031 buyers because the tenant pays property taxes, insurance, and maintenance, so cash flow is closer to net income. The catch is that you're concentrated in a single tenant's credit, lease term defines your yield (longer term, lower cap), and re-leasing risk is real at lease end. Texas is particularly active in NNN because of population growth driving new QSR, automotive, dollar store, and medical builds. Both new construction with corporate guarantees and seasoned product with rent bumps are in the pipeline.

In specific spots, yes. National office sentiment is still cautious, which has compressed prices on well-located Class B and creative-office product in Fort Worth, particularly in the Cultural District, West 7th, and Near Southside where return-to-office is stronger than in coastal metros. The play is location and basis specific; underwriting assumes stabilized occupancy at market rents, not pre-2020 peaks. For owner-users with SBA 504 financing, the math works better today than it did three years ago.

SVN | Trinity Advisors focuses on brokerage and advisory, not in-house property management. For clients who need management post-closing, there's a referral network of Fort Worth–based managers with experience across each major asset class. We help scope the management agreement, benchmark fees (typically 3%–6% of effective gross income for multifamily, 2%–4% for commercial), and stay involved as your asset advisor through the hold.

A few things usually drive the decision. You've hit your IRR target and reinvesting elsewhere (including a 1031) produces a better forward return. Cap rates in your submarket have compressed below your acquisition basis and there's a sell-high opportunity on the table. Or lease rollover, capex, or tenant credit deterioration is about to erode value. A no-cost broker opinion of value gives existing owners a real number to make the decision against instead of a guess.

Yes, and owner-user is one of the more underrated plays in the current market. SBA 504 financing lets owner-users put as little as 10% down on a property they occupy at least 51% of, with long-term fixed-rate debt. Representation is available for business owners acquiring office, flex, retail, and light industrial across Tarrant County, with referrals to SBA lenders who close Fort Worth deals consistently.