2725 Alta Mesa BlvdFort Worth, TX 76133
- Retail properties
- 12,040 SF
Property Details for 2725 Alta Mesa Blvd
- Year built
- 1986
- Lot size
- 1.35 AC
- Property size (Sq ft)
- 12,040 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 47690-13-3R
- APU
- 47690133R
Description
This 13,535-square-foot retail center, situated on a 1.35-acre lot in Fort Worth, Texas (zip code 76133), presents a compelling value-add opportunity. Built in 1986 and extensively renovated in 2021 (including a new roof and HVAC system), the property boasts four units within a single-story building. The property is zoned E - Neighborhood Commercial, allowing for diverse commercial and retail uses. Currently vacant after a long-term single tenant occupancy, this center offers immediate upside potential for either a single-user or multi-tenant configuration. With 57 parking spaces and a prime location adjacent to a Social Security Administration building and a regional shopping center, this property benefits from high visibility and convenient access. The asking price is $1,500,000. The property's location within a major retail corridor, near national tenants like Kroger, Chick-fil-A, and Big Lots, ensures strong potential for future occupancy and rental income. The surrounding area demonstrates robust demographics, with a median household income exceeding $80,000 and a rapidly growing population. This infill location offers significant advantages for investors seeking a value-add opportunity in a thriving market. The property is priced significantly below replacement cost, making it an attractive investment prospect.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,574,076
- 6.5%
- $3,299,147
- 7%
- $3,063,494
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,837,279
- Geo Method
- $9,083,732
-
Alternative Use
- Use
- Valuation
- Residential
- $2,782,954
- Hospitality
- $2,549,171
- Educational
- $2,120,880
- Medical
- $2,193,820
- Retail
- $3,299,147
Location Insight
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Latitude
- 32.6484
- Longitude
- -97.3587
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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