One-Story Retail
New
For Sale
$750,000
2718 Azle Avenue, Fort Worth, TX 76106
E and ER Neighborhood Commercial zoning supports retail, office, food-service, and personal-service uses.
Property Size3,700 SF
Lot Size0.16 Acres
Price / SF$202.70
Days on Market2
Property Features for 2718 Azle Avenue
General Information
Standard status
Active
Size
3,700 SF
Lot size
0.16 Acres
Property subtype
CommercialSale
Zoning
E and ER Neighborhood Commercial
Site & Location
Traffic Count
9,500 vehicles/day
Road Access
Yes
Building Details
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
Texas Connect Realty LLC
(817) 522-1602
Listed By:
Pedro Juarez · License #0682343
(877) 366-2213
Source:
Yplusa
Added: Sep 26
Last Checked: Sep 26 at 2:54PM
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
Investment Insights
Based on property information with market context.
At 2718 Azle Avenue, this one-story retail building contains 3,700 square feet on a 7,000-square-foot lot. Built in 1960, the property was previously used as an auto supply store. The stated building-height allowance is up to 45 feet.
The property is on Azle Avenue in Fort Worth. Reported daily traffic is approximately 9,500 vehicles on Azle Avenue and 14,000 on nearby Long Avenue. More than 20,000 residents are within a three-minute drive.
E and ER Neighborhood Commercial zoning supports a range of listed uses, including retail, offices, restaurants, bakeries, personal-care businesses, studios, banks, gasoline sales, healthcare, and public civic uses. Alcohol sales are permitted for off-premise consumption and as part of food-service operations.
The property is on Azle Avenue in Fort Worth. Reported daily traffic is approximately 9,500 vehicles on Azle Avenue and 14,000 on nearby Long Avenue. More than 20,000 residents are within a three-minute drive.
E and ER Neighborhood Commercial zoning supports a range of listed uses, including retail, offices, restaurants, bakeries, personal-care businesses, studios, banks, gasoline sales, healthcare, and public civic uses. Alcohol sales are permitted for off-premise consumption and as part of food-service operations.
Key Highlights
- 3,700‑square‑foot building on a 7,000‑square‑foot lot
- Approximately 9,500 vehicles per day on Azle Avenue and 14,000 on nearby Long Avenue
- E and ER Neighborhood Commercial zoning
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
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Open Analytics
Current Use
Lease Details
9,500 VPD
Traffic count
Yes
Paved road access
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
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 - E and ER Neighborhood Commercial zoning supports retail, office, food-service, and personal-service uses.
Where is this retail space 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‑square‑foot building on a 7,000‑square‑foot lot; Approximately 9,500 vehicles per day on Azle Avenue and 14,000 on nearby Long Avenue; E and ER Neighborhood Commercial zoning
