In this research, we constructed a three-dimensional fire risk analysis technique (3D-FRAT) for common building fires. To demonstrate its effect, the 3D-FRAT employed a self-developed 3D risk-calculating module in combination with the Fire Dynamics Simulator (FDS) software to simulate the Welcome Restaurant accident that happened on February 15, 1995 in Taichung City, Taiwan. This study only focuses on thermal radiation and provide a preliminary method to quantify a fire risk. Different firefighting equipment that comply with the related building and fire-preventive regulations have been used in the simulations to test their mitigating effectiveness on the accident. The results were shown by animation, 3D pictures, and sliced pictures to facilitate the researchers’ understanding of human hazards caused by thermal radiation or smoke in a specific fire accident. The minimal personnel escaping times for different hazardous factors were estimated; various firefighting designs that can reduce loss of human life and property were also perused. According to the simulation results, the individual risk values in Welcome Restaurant were between 3.108 × 10⁻⁹ to 2.719 × 10⁻⁵ (deaths/year). It is foreseeable that the 3D-FRAT can become a useful tool for related organizations to choose better fire-resistant buildings or fire-fighting equipment in the future.