2101 Handley Ederville RdFort Worth, TX 76118

Property Details for 2101 Handley Ederville Rd

Year built

2015

Lot size

1.11 AC

Property size (Sq ft)

11,245 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

34493-10-1

APU

34493101

Description

This exceptional retail investment property, located at 2101 Handley Ederville Rd in Fort Worth, Texas, presents a compelling opportunity. The 11,310 square foot building, constructed in 2015, sits on a 1.03-acre lot zoned C-1. Currently 100% occupied by two tenants (a daycare and restaurant) under a triple-net (NNN) lease, the property boasts a strong 7.23% cap rate based on a net operating income (NOI) of $124,753. The lease terms are favorable, with a remaining term of approximately 2.2 years (commencing February 15, 2024 and expiring February 14, 2027). Pro forma projections indicate a potentially higher 8.67% cap rate and a NOI of $149,518, reflecting significant upside potential. The asking price is $1,725,000, translating to $152.52 per square foot. This property is ideally situated amidst major office and flex industrial areas, and north of a substantial residential zone in Tarrant County, zip code 76118. The property is well-maintained and offers a secure investment with long-term tenants. This is a 1031 exchange eligible opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,324,147

  6.5%

  $2,145,366

  7%

  $1,992,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,135,916

  Geo Method

  $8,483,934

• Alternative Use

  Use

  Valuation

  Residential

  $1,809,697

  Hospitality

  $1,657,672

  Educational

  $1,379,164

  Medical

  $1,426,596

  Retail

  $2,145,366

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7892

Longitude

-97.2218

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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