Corner Convenience Store
1813 Portland Avenue Fort Worth, TX 76102
For Sale
$275,000
Corner lot retail building formerly used as a convenience store, offering potential for an owner-operator.
Property Size1,404 SF
Price / SF$195.87
Days on Market20
Property Features for 1813 Portland Avenue
General Information
- Standard status
- Active
- Size
- 1,404 SF
- Property subtype
- Business
Building Details
- Year Built
- 1951
Listing Agency:
First Texas Realty
(817) 797-7123
Listed By:
Rene Jensen · License #0470257
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 4
Changed: Jul 21
Last Checked: Jul 23 at 5:13AM
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 First Texas Realty
Investment Insights
Based on property information with market context.
This corner lot retail building was previously used as a convenience store. The property is being offered for sale and includes the existing site improvements associated with a single commercial structure.
The building is located at 1813 Portland Avenue in Fort Worth, Texas. The corner configuration can support street-facing visibility for neighborhood-oriented retail use.
With its convenience store history and corner-lot setup, the property may appeal to an owner-operator looking for a straightforward retail footprint.
The building is located at 1813 Portland Avenue in Fort Worth, Texas. The corner configuration can support street-facing visibility for neighborhood-oriented retail use.
With its convenience store history and corner-lot setup, the property may appeal to an owner-operator looking for a straightforward retail footprint.
Key Highlights
- Corner lot retail building formerly used as a convenience store
- Built in 1951
Financial Insights For Specialty Retail
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 | $33.9k | $24.12 |
| − Vacancy | −$1.6k | −$1.16 |
| EGI | $32.2k | $22.96 |
| − OpEx | −$8.1k | −$5.74 |
| NOI | $24.2k | $17.22 |
1,404 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$345.4K
$302.2K – $403.0K
NOI $24,179 @ 7.0% cap · market cap 8.79%
Second Best
Retail
$322.4K
$282.1K – $376.1K
NOI $22,567 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$510.0K
$446.3K – $595.0K
NOI $35,701 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Greenway Convenience Store
Grocery & Convenience Store
FAQs
What type of property is this?
Grocery and convenience store - Corner lot retail building formerly used as a convenience store, offering potential for an owner-operator.
Where is this grocery and convenience store located?
The property is located at 1813 Portland Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Corner lot retail building formerly used as a convenience store; Built in 1951
