Add Listing
    For Lease
    • 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

    1664 S University Dr Fort Worth, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location near TCU, Colonial, and Cultural District.

    Type:RETAIL
    Property size:
    2,893 SF
    Lot size:
    1.19 Acres
    Added:
    Nov 3, 2023
    Days on Market:
    904
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 1664 S University Dr

    General Information

    Standard status
    Active
    Size
    2,893 SF
    Lot size
    1.19 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1664 S University Dr Contact us

    We can help!

    Listing Contact
    Fremon Baker
    Fremon Baker

    Listing agent Fremon Baker

    Listing office Transwestern | Fort Worth

    Listing date Nov 3, 2023

    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 Transwestern | Fort Worth

    Overview

    Restaurant/Retail Space on S University

    This 2,893-square-foot space, formerly a Wing Bucket, is available for rent. The bay depth is approximately 72 feet. Landlord improvements are as-is. Pylon signage is available on S University Drive. The rental rate is $50.00 per square foot NNN, with expenses at $15.50 per square foot NNN. This restaurant/retail space is located on S University, south of I-30 and north of the Trinity River, just north of TCU, Colonial Country Club, and the Fort Worth Zoo, and just south of Fort Worth’s Cultural District, including the Botanical Gardens and Dickies Arena.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Palm Beach Tan Tanning Salon NASCAR Refuel Tenders ... Restaurant Pardon My Cheesesteak Restaurant IHOP Restaurant Sport Clips Haircuts ... Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3618
    Latitude
    32.7264

    Nearby Similar for Lease

    • $1,750/Mo

      Furnished Office Space Available

      Fully-furnished office space with amenities in Fort Worth, TX.
      9500 Ray White Road, Fort Worth, TX 76244
      View Details
    • $1,500/Mo

      Fort Worth Medical Office Space

      Professional office space in a sought-after medical district.
      654 Saint Louis Avenue, Fort Worth, TX 76104
      View Details
    • $1,995/Mo

      Renovated Office Building Near Airport

      Historic office building with modern amenities and airport proximity.
      13008 Oak Grove Road S, Fort Worth, TX 76028
      View Details
    • $2,702/Mo

      Furnished Office Space in Fort Worth

      Fully-furnished office space with shared amenities and utilities included.
      9500 Ray White Road, Fort Worth, TX 76244
      View Details
    • $2,480/Mo

      Furnished Office Space Available

      Fully-furnished office space with amenities in Fort Worth, Texas.
      9500 Ray White Road, Fort Worth, TX 76244
      View Details
    • $2,160/Mo

      Downtown Fort Worth Office Sublease

      Class B office sublease in renovated downtown building.
      101 Summit Avenue, Fort Worth, TX 76102
      View Details
    • $1,200/Mo

      Furnished Office Space Available

      Fully-furnished office spaces with amenities in Fort Worth, TX.
      9500 Ray White Road, Fort Worth, TX 76244
      View Details
    • $1,800/Mo

      Retail Space Near I-20

      End-cap and in-line retail spaces available near I-20.
      1233 Oak Grove Road, Fort Worth, TX 76134
      View Details
    • $5,363/Mo

      Versatile Commercial Property in Fort Worth

      Dynamic commercial property with offices, storage, and warehouse space.
      5685 E Loop 820 S, Fort Worth, TX 76119
      View Details
    • $7,795/Mo

      Renovated Office/Medical Space Available

      Recently renovated office/medical property with limited square footage available for lease.
      6825 Manhattan Boulevard, Fort Worth, TX 76120
      View Details
    • $1,995/Mo

      Fort Worth Industrial Space Available

      2688 sq ft industrial space near Spinks Airport.
      13008 Oak Grove Road S, Fort Worth, TX 76028
      View Details
    • $23 SF/Yr

      Retail Space in Fort Worth

      New retail space with high visibility and access.
      4550 BASSWOOD Boulevard, Fort Worth, TX 76137
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime location near TCU, Colonial, and Cultural District.
    Where is this retail space located?
    The property is located at 1664 S University Dr Fort Worth, TX.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Prime location on S. University Dr., near TCU, Colonial Country Club, Fort Worth Zoo, and the Cultural District.; High‑visibility pylon signage available on S. University Dr.; 2,893 SF space suitable for restaurant/retail.
    (817) 259-3535 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Fremon Baker
    Fremon Baker
    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!