7050 Ridgmar Meadow RdFort Worth, TX 76116

Property Details for 7050 Ridgmar Meadow Rd

Year built

1985

Lot size

0.87 AC

Property size (Sq ft)

6,607 SF

Property type

Retail properties

Property subtype

Community centers

APN

34433-3R-5A

APU

344333R5A

Description

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.

• 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

Property Tax & Assessments

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