Neighborhood Commercial Retail
New
For Sale
$2,000,000
1900 Evans Avenue, Fort Worth, TX 76104
Unfinished commercial building with event-center plans and neighborhood-commercial zoning.
Property Size8,000 SF
Price / SF$250
Days on Market2
Property Features for 1900 Evans Avenue
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Zoning
Neighborhood Commercial, “Eâ€
Building Details
Building Size
8,000 SF
Year Built
1955
Stories
1
Units
1
Listing Agency:
Perla Realty Group, LLC
(817) 703-5557
Listed By:
Orlando Fernandez · License #593255-B
(817) 703-5557
Source:
Fullhouserealtytx
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 20 at 5:29AM
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 8,000-square-foot commercial property, built in 1955, offers an unfinished interior with construction already underway. The layout can be reconfigured into four 2,000-square-foot units or maintained as a single larger space. Event-center plans are available upon request.
Neighborhood Commercial zoning supports a range of stated uses, including a restaurant, café, cafeteria, convenience store, office, bakery, daycare center, barber or beauty shop, laundry or dry-cleaning operation, antique shop, and event center or rental hall. The property is located at 1900 Evans Avenue in Fort Worth, Texas.
Neighborhood Commercial zoning supports a range of stated uses, including a restaurant, café, cafeteria, convenience store, office, bakery, daycare center, barber or beauty shop, laundry or dry-cleaning operation, antique shop, and event center or rental hall. The property is located at 1900 Evans Avenue in Fort Worth, Texas.
Key Highlights
- 8,000‑square‑foot commercial property built in 1955
- Four 2,000‑square‑foot units are possible, or the space can remain whole
- Unfinished construction is already underway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,773
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,755,460
$2.8M
Cap Rate 7%
$1,968,186
$2.0M
Cap Rate 9%
$1,530,811
$1.5M
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$193.0K $24.12/SF
− Vacancy
−$9.3K −$1.16/SF
EGI
$183.7K $22.96/SF
− OpEx
−$45.9K −$5.74/SF
NOI
$137.8K $17.22/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,755,460
Cap Rate 7%
$1,968,186
Cap Rate 9%
$1,530,811
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,773 @ 7.0% cap · market cap 6.89%
Second Best
Retail
$1.84M
$1.61M – $2.14M
NOI $128,589 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,424 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Unfinished commercial building with event-center plans and neighborhood-commercial zoning.
Where is this retail space located?
The property is located at 1900 Evans Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8,000‑square‑foot commercial property built in 1955; Four 2,000‑square‑foot units are possible, or the space can remain whole; Unfinished construction is already underway
