3525 Alta Mere DrFort Worth, TX 76116

Property Details for 3525 Alta Mere Dr

Year built

1962

Lot size

0.57 AC

Property size (Sq ft)

3,163 SF

Property type

Car washes

APN

6425-1-1

APU

642511

Description

This exceptional investment opportunity presents a thriving, established car wash business in Fort Worth, Texas. Located at 3525 Alta Mere Dr, 76116, this single-story, 5,000 square foot facility sits on a 0.73-acre lot and was built in 2002. Boasting a prime location minutes from Texas Christian University (TCU), the property benefits from exceptional visibility on a roadway with over 32,000 vehicles passing daily. Its strategic placement within a dense auto corridor, alongside numerous dealerships and auto parts stores (including Advance Auto Parts, AutoZone, O'Reilly Auto Parts, and more), ensures consistent customer traffic. The surrounding area demonstrates strong demographics, with a population exceeding 90,000 within a 3-mile radius and an average household income nearing $87,000. Further enhancing its appeal is its proximity to a vibrant retail corridor featuring major brands like McDonald's, Target, and Kroger. This owner-user opportunity includes the business, building, and land, offering significant potential for return. The property also qualifies for bonus depreciation, potentially increasing investment returns (consult a CPA for details). The asking price for this turnkey operation is $3,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,280,945

  6.5%

  $1,182,410

  7%

  $1,097,953

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,437,663

  Geo Method

  $2,386,366

• Alternative Use

  Use

  Valuation

  Residential

  $997,408

  Hospitality

  $913,620

  Educational

  $760,121

  Medical

  $786,263

  Retail

  $1,182,410

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.72

Longitude

-97.4413

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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