Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4832 Williams Spring Road Fort Worth, TX 76135

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    Improved Land - Fort Worth, TX

    Lot size:
    0.59 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 18 at 3:06 am

    Property Features for 4832 Williams Spring Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03777391
    Lot size
    0.59 Acres

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1975
    Architectural style
    Other

    We can help!

    Listing Contact
    Josiah Keas

    Listing agent Josiah Keas License #0693735

    Listing office League Real Estate 5220 Locke Ave, Fort Worth, TX

    Listing date Apr 16, 2026

    MLS# 21240768 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Worth Area Land Opportunity

    This unique property offers a rare opportunity to own over half an acre across from Lake Worth. It includes two adjacent lots, one with a residence and one vacant, offering potential for expansion, investment, or creating an outdoor retreat. The split-level home features a spacious second-floor balcony with lake views. The home has been refreshed and offers a warm, inviting feel. The main bedroom serves as a private retreat with its own fireplace and an updated en suite bath. A standout feature is the attached ground-floor guest studio with a private entrance, complete with a full kitchen, bathroom, and washer-dryer hookups. This flexible space is suitable for a home office, guest suite, gym, or income-producing potential. The fully fenced property includes RV parking with an electrical hookup. Both 4838 Williams Spring and the adjacent vacant lot at 4832 Williams Spring are included in the sale, creating a one-of-a-kind opportunity just moments from the lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alpha Book Publisher Publishing House

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.441686
    Latitude
    32.82667

    Nearby Similar for Sale

    • $400,000

      Freestanding Retail Building in Fort Worth

      Versatile commercial space near Downtown Fort Worth with highway access.
      2620 Vaughn Boulevard, Fort Worth, TX 76105
      View Details
    • $600,000

      Retail Opportunity in Fort Worth

      Commercial property with multiple units and business opportunities.
      2019 N Riverside Drive, Fort Worth, TX 76111
      View Details
    • $415,000
      4,612 SF

      Modern Office Condo For Sale

      Second-generation office condo with modern layout and quality finishes.
      3121 Bailey Drive, Fort Worth, TX 76177
      View Details
    • $950,000

      Fort Worth Warehouse with Office

      Commercial property with office, warehouse, and ample storage space.
      5385 Rendon Road, Fort Worth, TX 76140
      View Details
    • $700,000

      Auto Body Shop in Wedgwood

      Turnkey auto body shop with excellent Fort Worth connectivity.
      5323 Woodway Drive, Fort Worth, TX 76133
      View Details
    • $950,000

      Established Showroom on Jacksboro Highway

      Furniture showroom on busy highway with excellent frontage and access.
      2615 Jacksboro Highway, River Oaks, TX 76114
      View Details
    • $500,000

      Fort Worth Commercial Property

      Versatile commercial property suitable for various uses in Fort Worth.
      3819 Mccart Avenue, Fort Worth, TX 76110
      View Details
    • $300,000

      Fort Worth Land Investment Opportunity

      Three adjacent vacant lots totaling 2.22 acres in Fort Worth.
      5412 Ramey Avenue, Fort Worth, TX 76105
      View Details
    • $350,000

      Expansive Lot in Fort Worth

      Large property with renovation potential for various community-focused purposes.
      5212 Goodman, Fort Worth, TX 76107
      View Details
    • $549,000

      High-Visibility Fort Worth Commercial Property

      Adaptable showroom/flex space with office in a strong commercial corridor.
      3850 South Freeway, Fort Worth, TX 76110
      View Details
    • $595,000

      Camp Bowie West Commercial Land

      One-acre commercial land with high visibility and easy highway access.
      8507 Camp Bowie West Boulevard, Fort Worth, TX 76116
      View Details
    • $1,300,000

      Versatile Commercial Building Near TCU

      Turnkey investment opportunity with bar and gym in Fort Worth.
      3717 Mccart Avenue, Fort Worth, TX 76110
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two adjacent lots near Lake Worth with residential and vacant land.
    Where is this residential land & home lot located?
    The property is located at 4832 Williams Spring Road Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Two adjacent lots totaling over half an acre, including a residence and a vacant lot.; Ground floor guest studio with **private entrance, full kitchen, bathroom, and washer/dryer hookups.**; Located across from Lake Worth with **lake views from the second‑floor balcony.**
    (817) 523-9113
    We can help!
    Listing Contact
    Josiah Keas
    Real Estate License ID: 0693735
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!