Commercial Property with Event Center
For Sale
Contact for pricing
1900 Evans Ave, Fort Worth, TX 76104
Versatile commercial property with event center plans and investment potential.
Property Size8,000 SF
Price / SF$237.50
Days on Market241
Property Features for 1900 Evans Ave
General Information
Standard status
Active
Size
8,000 SF
Class
D
Property subtype
Retail
Zoning
C- Commercial
Lease Type
NNN
Building Details
Year Built
1955
Listing Agency:
Perla Realty Group LLC
Listed By:
Orlando Fernandez · License #593255-B
(817) 703-5557
Source:
Crexi
Added: Feb 14
Changed: Sep 3
Last Checked: Aug 25 at 9:59AM
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 Perla Realty Group LLC
Investment Insights
Based on property information with market context.
This commercial property offers significant investment potential. Plans for an event center are available, with some construction already initiated but not completed. The property could be divided into four 2,000-square-foot units or leased as a whole. Ideal uses include a restaurant or a convenience store. Permitted uses include a day care center (child or adult), event center or rental hall, restaurant, café, cafeteria, offices, antique shop, bakery, barber or beauty shop, convenience store, and laundry, dry cleaning, or washeteria. Plans for an event center are available upon request. The property size is 8,000 square feet.
Key Highlights
- High potential investment property with flexible usage options.
- Divisible into four 2,000 sqft units for multiple tenants or uses.
- Permitted uses include restaurant, convenience store, daycare, event center, and retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,589
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,780
$2.6M
Cap Rate 7%
$1,836,986
$1.8M
Cap Rate 9%
$1,428,767
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$193.0K $24.12/SF
− Vacancy
−$9.3K −$1.16/SF
EGI
$183.7K $22.96/SF
− OpEx
−$55.1K −$6.89/SF
NOI
$128.6K $16.07/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,571,780
Cap Rate 7%
$1,836,986
Cap Rate 9%
$1,428,767
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,589 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,424 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial property with event center plans and investment potential.
Where is this retail space located?
The property is located at 1900 Evans Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High potential investment property with flexible usage options.; Divisible into four 2,000 sqft units for multiple tenants or uses.; Permitted uses include restaurant, convenience store, daycare, event center, and retail.
