6436 Meadowbrook DrFort Worth, TX 76112

Property Details for 6436 Meadowbrook Dr

Year built

1965

Lot size

0.29 AC

Property size (Sq ft)

2,200 SF

Property type

Retail space

APN

8630--5

APU

86305

Description

This exceptional multi-tenant retail building in Fort Worth, Texas, presents a compelling value-add investment opportunity. Located on a hard corner at the intersection of Meadowbrook Drive and Forest Avenue, this property boasts 2,200 square feet of leasable space divided into three suites. The building, constructed in 1965 and renovated in 2019 (including a new roof), benefits from a prime location just 800 feet from Loop 820, ensuring high visibility and accessibility. Currently fully occupied, the property offers immediate in-place income, with one tenant occupying their suite for over a decade and another long-standing business (a barbershop) operating for nearly 40 years. The owner of the barbershop is retiring, presenting a potential for future repositioning or owner-occupancy. The property features ample parking with 25 spaces and is zoned F1. The 0.289-acre lot provides additional potential. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a thriving Fort Worth location. The asking price is $450,000, representing a price per square foot of $204.55. The gross lease structure simplifies management. Serious inquiries only. Please do not disturb tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $454,702

  6.5%

  $419,725

  7%

  $389,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $613,518

  Geo Method

  $1,659,818

• Alternative Use

  Use

  Valuation

  Residential

  $354,054

  Hospitality

  $324,311

  Educational

  $269,823

  Medical

  $279,103

  Retail

  $419,725

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.7457

Longitude

-97.2191

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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