2725 Alta Mesa BlvdFort Worth, TX 76133

  • Retail properties
  • 12,040 SF
For Sale
$1,500,000 View listing

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
2725 Alta Mesa Blvd, Fort Worth, Texas

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,305
$351,744
$696,820
$1,048,564
-
$351,744
$696,820
$1,048,564

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