This exceptional 6,924 square foot retail property, located at 7050 Ridgmar Meadow Rd in Fort Worth, Texas, is offered at $2,300,000 ($332.18/sq ft). The property is a multi-tenant building encompassing a restaurant and shopping center on a 0.791-acre lot. It's a NNN lease property situated in a high-traffic area with strong national retailers, providing excellent visibility and foot traffic. The location benefits from a large trade area population exceeding 425,000 residents, encompassing upscale neighborhoods like Ridgmar, Westover Hills, and Westworth Village. The restaurant space is turnkey, fully equipped and ready for immediate occupancy, presenting a unique opportunity for culinary entrepreneurs. This property offers a blend of established retail presence and high growth potential within a desirable demographic. The zip code is 76116. This is a prime opportunity to acquire a well-positioned retail asset in a thriving Fort Worth market.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,675,688
6.5%
$2,469,866
7%
$2,293,447
Comparable approach
Method
Valuation
Relative Method
$3,003,048
Geo Method
$4,984,736
Alternative Use
Use
Valuation
Residential
$2,083,424
Hospitality
$1,908,406
Educational
$1,587,771
Medical
$1,642,377
Retail
$2,469,866
Location Insight
City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7458
Longitude
-97.4374
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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