1602 South Riverside Drive Fort Worth, TX 76104
Freestanding building on a major corridor, zoned industrial and suited for service retail or light industrial uses.
Property Features for 1602 South Riverside Drive
General Information
- Standard status
- Active
- Size
- 4,449 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1966
Listing office Vision Commercial Real Estate
Listing date Jun 11, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Located along South Riverside Drive in Fort Worth within Tarrant County, the asset benefits from visibility along a major commercial corridor. The property sits at a prominent hard-corner site, supporting direct exposure to passing traffic and making it convenient for customers or crews approaching from surrounding transportation routes.
For tenants or buyers seeking an adaptable building with industrial zoning, this facility provides a practical canvas for modernization while remaining aligned with industrial use parameters. The combination of corridor visibility, a freestanding configuration, and “I” zoning makes it a strong fit for users looking for a straightforward site to operate from and improve over time.
Key Highlights
- Freestanding 4,449 SF retail/industrial building built in 1966
- Zoned I (Industrial), offering a versatile footprint for service retail or light industrial/contractor‑type uses
- Located along S Riverside Drive in Fort Worth with visibility on a major commercial corridor
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.4k | $13.80 |
| − Vacancy | −$5.8k | −$1.31 |
| EGI | $55.6k | $12.49 |
| − OpEx | −$19.4k | −$4.37 |
| NOI | $36.1k | $8.12 |
Alternative Uses
Property Analytics
Current Use by Public Records
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