Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Fort Worth Title is generated by Realmo AI

    1504 Colvin Avenue, Fort Worth, TX 76104

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Fort Worth, TX

    Lot size:
    0.14 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    78
    Last Refresh:
    Jun 2 at 7:06 pm

    Property Features for 1504 Colvin Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    02614588
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    RYAN SOUTHEAST ADDITION BLOCK 34 LOT 13

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Lexington Wright

    Listing agent Lexington Wright License #0562027

    Listing office Lexington Wright, Broker Fort Worth, TX

    Listing date Mar 17, 2026

    MLS# 20977483 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.

    HighLights

    • Development Opportunity: Prime residential lot ready for construction.
    • Area Six Neighborhood Empowerment Zone: Potential for city incentives (application required).
    • City Water Available: Essential utility readily accessible.
    • Convenient Location: Situated within Fort Worth.
    • Ready for Development: A blank canvas for building your vision.
    • Residential Lot: Suited for building a home.

    Overview

    This 0.138-acre residential lot is located in Fort Worth, Texas. Situated within the area Six Neighborhood Empowerment Zone, the location may offer incentives through the City of Fort Worth to eligible applicants. City water is available to the property.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.305031
    Latitude
    32.713729

    Nearby Similar for Sale

    • $1,200,000
      6,280 SF

      Versatile Industrial and Office Property

      Two buildings: updated office and industrial warehouse on 0.5575 acres.
      2025 E Rosedale Street, Fort Worth, TX 76104
      View Details
    • $545,000
      3,017 SF

      Versatile Industrial Space in Fort Worth

      Adaptable flex space with office, showroom, and warehouse functionality.
      3013 Joyce Drive, Fort Worth, TX 76116
      View Details
    • $825,000
      7,500 SF

      Aviation Property with Hangar and Living

      Versatile aviation property with hangar, workshop, and living quarters.
      550 Aviator Drive, Fort Worth, TX 76179
      View Details
    • $999,995
      2,990 SF

      Commercial Condo Building For Sale

      Commercial condo building with office/retail space in a well-established corridor.
      5748 Boat Club Road, Fort Worth, TX 76179
      View Details
    • $800,000

      Prime Commercial Land Opportunity

      Exceptional commercial land parcel on Golden Triangle Blvd, Fort Worth.
      4709 Golden Triangle Boulevard, Fort Worth, TX 76244
      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
    • $405,000
      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
    • $250,000
      2,800 SF

      Fort Worth Car Wash Opportunity

      Car wash near downtown Fort Worth, accessible to major highways.
      1709 Mcclellan Court, Fort Worth, TX 76112
      View Details
    • $426,000

      New Fort Worth Warehouse Space

      New construction warehouse suite in Fort Worth, Texas.
      6081 Garcia Lane, Fort Worth, TX 76140
      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
    • $500,000
      3,780 SF

      Turnkey Fourplex in Wedgwood Area

      Well-maintained fourplex with immediate cash flow in Fort Worth.
      6188 Vega Drive, Fort Worth, TX 76133
      View Details
    • $250,000
      3,500 SF

      Fort Worth Car Wash Opportunity

      Car wash near downtown Fort Worth, accessible to major highways.
      5500 E Lancaster Avenue, Fort Worth, TX 76112
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in a Neighborhood Empowerment Zone.
    Where is this residential land & home lot located?
    The property is located at 1504 Colvin Avenue Fort Worth, TX.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Development Opportunity: Prime residential lot ready for construction.; Area Six Neighborhood Empowerment Zone: Potential for city incentives (application required).; City Water Available: Essential utility readily accessible.
    (817) 380-9155
    We can help!
    Listing Contact
    Lexington Wright
    Real Estate License ID: 0562027
    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

    Thank You for Inquiry
    1504 Colvin Avenue, Fort Worth, TX 76104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!