Neighborhood Commercial
For Sale
$750,000
2718 Azle Avenue, Fort Worth, TX 76106
CommercialSale, Fort Worth, TX
Property Size3,700 SF
Lot Size0.16 Acres
Price / SF$202.70
Days on Market92
Property Features for 2718 Azle Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Zoning E and ER barber, bookstores, drug stores, studios, offices, public & civic uses and Commercial Restricted health care. Alcohol sales prohibited retail, banks, restaurants
Subdivision
Rosen Heights Second Filing
Directions
Jacksboro hwy north, right on Long, left on Azle property is on the right.
Standard status
Active
APN
02544512
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
ROSEN HEIGHTS SECOND FILING BLOCK 102 LOT 15
Tax Annual Amount
8482
Legal Description
ROSEN HEIGHTS SECOND FILING BLOCK 102 LOT 15
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Concrete
Roof type
Flat
Listing Agency:
Texas Connect Realty LLC
(817) 522-1602
Listed By:
Pedro Juarez · License #0682343
(817) 793-2799
Added: Jun 6
Changed: Aug 21
Last Checked: Sep 5 at 5:06PM
MLS# 21293260
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-story concrete commercial building was constructed in 1960 and previously operated as a retail auto supply store. The property includes a flat roof, concrete flooring, electric heating and cooling, public water, and public sewer. E and ER Neighborhood Commercial zoning allows a broad range of documented uses, including retail, office, restaurant, bakery, personal care, studio, banking, healthcare, and civic applications. Off-premise alcohol sales and alcohol service with food operations are also permitted.
The property is located at 2718 Azle Avenue in Fort Worth, along Azle Avenue near Long Avenue. Traffic volumes are reported at approximately 9,500 vehicles per day on Azle Avenue and 14,000 vehicles per day on nearby Long Avenue. The site measures 0.161 acres, with a stated building height allowance of up to 45 feet.
The property is located at 2718 Azle Avenue in Fort Worth, along Azle Avenue near Long Avenue. Traffic volumes are reported at approximately 9,500 vehicles per day on Azle Avenue and 14,000 vehicles per day on nearby Long Avenue. The site measures 0.161 acres, with a stated building height allowance of up to 45 feet.
Key Highlights
- 3,700 SF one‑story building on a 7,000 SF lot
- E and ER Neighborhood Commercial zoning
- Approximately 9,500 vehicles per day on Azle Avenue
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
$59,472
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
7.93%
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%
$1,189,440
$1.2M
Cap Rate 7%
$849,600
$849.6K
Cap Rate 9%
$660,800
$660.8K
Market Conditions
NOI Build-Up for 3,700 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
$89.2K $24.12/SF
− Vacancy
−$4.3K −$1.16/SF
EGI
$85.0K $22.96/SF
− OpEx
−$25.5K −$6.89/SF
NOI
$59.5K $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 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%
$1,189,440
Cap Rate 7%
$849,600
Cap Rate 9%
$660,800
Alternative Uses
Best Use
Retail
$849.6K
$743.4K – $991.2K
NOI $59,472 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,084 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - One-story concrete building with E and ER zoning supports retail and service uses.
Where is this storefront property located?
The property is located at 2718 Azle Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,700 SF one‑story building on a 7,000 SF lot; E and ER Neighborhood Commercial zoning; Approximately 9,500 vehicles per day on Azle Avenue
