2725 Alta Mesa BlvdFort Worth, TX 76133

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 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.

• 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

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