Sign Up Successful!
You now have access to more from Realmo!
    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

    217 University Dr Fort Worth, TX 76107

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-visibility restaurant space near downtown, TCU, and major retailers.

    Property size:
    2,402 SF
    Lot size:
    0.68 Acres

    Property Features for 217 University Dr

    General Information

    Size
    2,402 SF
    Lot size
    0.68 Acres

    We can help!

    Listing Contact
    Chris Flesner
    Source: Moodyscre

    Listing Agent: Chris Flesner

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

    Learn more

    Overview

    Restaurant with Drive-Thru Potential

    This 2,402 square foot property is a second-generation restaurant space with drive-thru availability. It benefits from high visibility and traffic along University Drive, with convenient access to downtown Fort Worth, Texas Christian University (TCU), and regional transit options. The location is near Tom Thumb, University Park Village (featuring Apple, Anthropologie, Pottery Barn, and Barnes & Noble), and Montgomery Plaza (housing Target, Marshalls, Ross, Starbucks, and Chick-fil-A).
    Location Intelligence

    Current Use by Public Records

    Jack in the Box American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3606962
    Latitude
    32.7572324

    Nearby Similar for Sale

    • $12,250,000
      6,500 SF

      Luxury Equestrian Property on 50 Acres

      Luxury equestrian property with modern home, barns, and guest houses.
      319 Verna Trl N, Fort Worth, TX 76108
      View Details
    • $1,850,000
      1.46 Acres

      Multi-Purpose Church Facility with Banquet Hall

      Versatile church property suited for religious use, events, or redevelopment.
      11701 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $395,000
      0.30 Acres

      Updated Craftsman Duplex Near Downtown

      Updated 1920s duplex with income potential near downtown Fort Worth.
      1301 Grand Ave, Fort Worth, TX 76164
      View Details
    • $512,000
      0.31 Acres

      New Duplex Near TCU Campus

      New construction duplex near downtown Fort Worth and TCU campus.
      320 W Gambrell St, Fort Worth, TX 76115
      View Details
    • $215,000
      0.03 Acres

      Turnkey Condo in Fort Worth

      Investor-friendly, rent-ready condo with low-maintenance updates and prime location.
      3101 Sondra Dr, Fort Worth, TX 76107
      View Details
    • $675,000
      0.18 Acres

      Updated Fort Worth Quadruplex Investment

      Fully occupied, updated quadruplex near TCU, shopping, and downtown.
      2903 Sappington Pl, Fort Worth, TX 76116
      View Details
    • $469,000
      0.12 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Fort Worth, ready January 31st!
      1128 E Broadway Ave, Fort Worth, TX 76104
      View Details
    • $1,500,000
      0.32 Acres

      Versatile Commercial Building Near TCU

      Turnkey investment opportunity with bar and gym in Fort Worth.
      3717 Mccart Ave, Fort Worth, TX 76110
      View Details
    • $849,000
      0.34 Acres

      High-Visibility Retail on Hemphill Street

      Prime location with excellent visibility and convenient access for clientele.
      2700 Hemphill St, Fort Worth, TX 76110
      View Details
    • $425,000
      0.15 Acres

      Remodeled Duplex in Fort Worth

      Fully remodeled duplex with 3 beds, 2.5 baths, and garage.
      1205 E Powell Ave, Fort Worth, TX 76104
      View Details
    • $600,000
      0.50 Acres

      Watauga Retail Property on Watauga

      Highly visible commercial property with potential for business growth.
      5617 Watauga Rd, Fort Worth, TX 76148
      View Details
    • $990,000
      0.39 Acres

      Restaurant and Bar on Glenview

      Fully-equipped restaurant and bar with outdoor seating and play area.
      7224 Glenview Dr, Fort Worth, TX 76180
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - High-visibility restaurant space near downtown, TCU, and major retailers.
    Where is this drive through restaurant located?
    The property is located at 217 University Dr Fort Worth, TX.
    What are key features of this property?
    This property features: - High visibility and traffic location on University Drive.; - 2nd Gen Restaurant space with drive-thru availability.; - Minutes from downtown and TCU.
    (469) 453-6123
    Request Owner's contact information
    217 University Dr Fort Worth, TX 76107
    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.
    217 University Dr
    Fort Worth, TX 76107
    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
    217 University Dr Fort Worth, TX 76107
    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

    We can help!
    Listing Contact
    Chris Flesner
    Real Estate License ID: 593054
    (469) 453-6123
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.