Neighborhood Retail
New
For Sale
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2718 Azle Avenue, Fort Worth, TX 76106
Zoned for neighborhood commercial uses, the property can accommodate retail, service, and several other business categories.
Property Size3,672 SF
Lot Size0.16 Acres
Price / SF$1.09
Days on Market3
Property Features for 2718 Azle Avenue
General Information
Standard status
Active
Size
3,672 SF
Lot size
0.16 Acres
Property subtype
Retail
Zoning
E and ER
Site & Location
Neighborhood
Far Greater Northside Historical
Traffic Count
9,500 vehicles/day
Building Details
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
Texas Connect Realty LLC
(817) 522-1602
Listed By:
Pedro Juarez · License #0682343
(817) 703-7580
Source:
Publicrealtytx
Added: Nov 1
Last Checked: Nov 1 at 3:28PM
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 Texas Connect Realty LLC
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Investment Insights
Based on property information with market context.
This one-story retail property occupies a 7,000-square-foot lot at 2718 Azle Avenue in Fort Worth. Built in 1960, it previously housed an auto supply retailer. The zoning designations are E and ER Neighborhood Commercial, with a building height allowance of up to 45 feet. Permitted categories include retail, offices, restaurants, bakeries, personal care businesses, drug stores, studios, banks, gasoline sales, healthcare, and public civic uses. Alcohol sales are allowed for off-premise consumption and with food service operations.
Azle Avenue carries approximately 9,500 vehicles per day, while nearby Long Avenue carries approximately 14,000 vehicles per day. More than 20,000 residents are within a three-minute drive, according to the property information.
Azle Avenue carries approximately 9,500 vehicles per day, while nearby Long Avenue carries approximately 14,000 vehicles per day. More than 20,000 residents are within a three-minute drive, according to the property information.
Key Highlights
- 7,000‑square‑foot lot
- E and ER Neighborhood Commercial zoning
- Approximately 9,500 vehicles per day on Azle Avenue and 14,000 on nearby Long Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,022
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,440
$1.2M
Cap Rate 7%
$843,171
$843.2K
Cap Rate 9%
$655,800
$655.8K
Market Conditions
NOI Build-Up for 3,672 SF
Gross rent
$88.6K $24.12/SF
− Vacancy
−$4.3K −$1.16/SF
EGI
$84.3K $22.96/SF
− OpEx
−$25.3K −$6.89/SF
NOI
$59.0K $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%
$1,180,440
Cap Rate 7%
$843,171
Cap Rate 9%
$655,800
Alternative Uses
Best Use
Retail
$843.2K
$737.8K – $983.7K
NOI $59,022 @ 7.0% cap · market cap 1,475.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,372 @ 7.0% cap · market cap 2,334.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
9,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 76106, TX
36,521
Population
11,543
Households
3.2
Avg Household Size
30
Median Age
6%
College-Educated
54%
High-School Grad
14.5 sq mi
ZIP Area
2,519
Density / Sq Mi
$53,486
Median Household Income
$31,419
Median Earnings
$1,179
Median Rent
$167,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Zoned for neighborhood commercial uses, the property can accommodate retail, service, and several other business categories.
Where is this retail space located?
The property is located at 2718 Azle Avenue Fort Worth, TX.
What are key features of this property?
This property features: 7,000‑square‑foot lot; E and ER Neighborhood Commercial zoning; Approximately 9,500 vehicles per day on Azle Avenue and 14,000 on nearby Long Avenue
