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    Retail Center with Open Floorplan Title is generated by Realmo AI

    5320-5358 Wedgmont Circle North, Fort Worth, TX

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    Well-maintained retail center with established tenants and high visibility.

    Type:RETAIL
    Property size:
    1,500 SF
    Lot size:
    1.80 Acres
    Added:
    Jan 9, 2025
    Days on Market:
    508
    Last Refresh:
    May 20 at 8:15 pm

    Property Features for 5320-5358 Wedgmont Circle North

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Lot size
    1.80 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5320-5358 Wedgmont Circle North Contact us

    We can help!

    Listing Contact
    Brett Boatner
    Brett Boatner

    Listing agent Brett Boatner

    Listing office Oldham Goodwin | Fort Worth

    Listing date Jan 9, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Oldham Goodwin | Fort Worth

    HighLights

    • High traffic location with 24,744 VPD at the intersection of Wedgmont Circle and Granbury Road, near Interstate 20.
    • Excellent visibility and multiple access points from Wedgmont Circle, Trail Lake Drive, and Wheaton Drive.
    • Well‑maintained retail center with on‑site property management and long‑term ownership (50+ years).
    • Mix of established retail and office tenants.
    • Adjacent to national retailers and close to dining, retail, and residential areas.
    • Newly available 3,000 SF stand‑alone building with an open floor plan.

    Overview

    This well-maintained retail center, under the same ownership for over 50 years, features on-site property management and an excellent mix of established retail and office tenants. The property is situated adjacent to national retailers and in close proximity to dining, retail, and residential neighborhoods. It benefits from high visibility with ingress and egress to Wedgmont Circle, Trail Lake Drive, and Wheaton Drive. The location experiences exposure to more than 24,744 vehicles per day at the intersection of Wedgmont Circle and Granbury Road, and is located 2 blocks south of Interstate 20. A newly available 1,500 square foot space features an open floor plan and cost-effective rents.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • 5000 South Hulen — 5000 s hulen st, fort worth, tx 76132
    • Remington Park — 5401-5531 S Hulen St, Fort Worth, TX 76132
    • Hulen Mall — 4800 S Hulen St, Fort Worth, TX 76132
    • Sunglass Hut — 4800 S Hulen St #2145, Fort Worth, TX 76132
    • Heritage Square — Heritage Square Shopping Center, 4969 S Hulen St, Fort Worth, TX 76132

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3853
    Latitude
    32.6691

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    FAQs

    What type of property is this?
    Shopping center - Well-maintained retail center with established tenants and high visibility.
    Where is this shopping center located?
    The property is located at 5320-5358 Wedgmont Circle North Fort Worth, TX.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High traffic location with 24,744 VPD at the intersection of Wedgmont Circle and Granbury Road, near Interstate 20.; Excellent visibility and multiple access points from Wedgmont Circle, Trail Lake Drive, and Wheaton Drive.; Well‑maintained retail center with on‑site property management and long‑term ownership (50+ years).
    (903) 573-4165 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brett Boatner
    Brett Boatner
    Learn More
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    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.

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