14800 Sovereign RdFort Worth, TX 76155

Property Details for 14800 Sovereign Rd

Year built

1980

Lot size

5.24 AC

Property type

Commercial real estate

APN

6935-302-4

APU

69353024

Description

This exceptional 2.73-acre industrial land parcel is ideally situated at 14800 Sovereign Road in Fort Worth, Texas, zip code 76155. Located within the thriving CentrePort submarket, this single-tenant property offers unparalleled access to major transportation arteries. The site enjoys convenient proximity to Highway 183, State Highway 360, and the President George Bush Turnpike (PGBT), ensuring seamless logistics and efficient commutes. Its central location in the Metroplex places it approximately 17-20 miles from both Dallas and Fort Worth's downtown areas, and a mere 4 miles south of the DFW International Airport, providing significant advantages for businesses requiring convenient access to air travel and major urban centers. The CentrePort submarket itself is a dynamic business community, home to numerous large corporations including Bank of America and JP Morgan Chase. Further enhancing its appeal, CentrePort benefits from the Trinity Railway Express, offering employees convenient park-and-ride options and dedicated bus service throughout the area. This property presents a unique opportunity for businesses seeking a strategically located and well-connected industrial site in a thriving Texas market. The property is classified as Industrial Land and is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $44,120,100

  6.5%

  $40,726,300

  7%

  $37,817,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,906,100

  Geo Method

  $60,145,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $79,579,200

  Retail / Commercial

  $40,925,600

  Mixed-Use / Specialty

  $40,872,500

  Hospitality / Lodging

  $30,107,600

  Office

  $40,726,300

  Institutional / Educational

  $42,524,000

  Residential Income

  $49,753,100

  Multifamily

  $59,156,800

  Automotive / Energy

  $36,449,200

  Parking / Income-Based Land

  $12,486,500

  Restaurant / Food Service

  $21,456,100

  Healthcare / Senior Housing

  $41,818,800

Location Insight

City

Fort Worth

County

Tarrant

State

Texas

Latitude

32.8279

Longitude

-97.0459

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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