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    Versatile Commercial Land Parcel Title is generated by Realmo AI

    3509 E Belknap Street, Fort Worth, TX 76111

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    Claim this Listing
    For Sale
    $749,900

    COMMERCIAL - Fort Worth, TX

    Lot size:
    0.83 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 3509 E Belknap Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Gated, Parking Lot
    Standard status
    Active
    APN
    00325074
    Lot size
    0.83 Acres

    Taxes and HOA fees

    Tax Description
    BROWN, M E SUBDIVISION BLOCK 3 LOT 10 & S PT
    Tax Annual Amount
    2278

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    Trace Howard

    Listing agent Trace Howard License #0730138

    Listing office Summit Cove Realty, Inc. Fort Worth, TX

    Listing date Mar 27, 2026

    MLS# 21160892

    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.

    HighLights

    • Gated parking lot with on‑site parking
    • Public water and public sewer (Public Sewer)
    • Year built: 1960
    • Zoning supports a wide range of commercial and civic uses, including offices and public or institutional facilities
    • Retail permitted, including restaurants, bakeries, bookstores, beauty and barber shops, and pharmacies
    • Maximum building height: 35 ft for certain uses; up to 45 ft for others (buyer to verify all permitted uses, including automotive)

    Overview

    This commercial land parcel offers broad development flexibility for a wide range of commercial and civic uses. Public remarks indicate compatibility with uses such as beauty and barber shops, bookstores, pharmacies, studios, office space, and public or institutional facilities, with a maximum building height of 35 feet for that category. Additional permitted activities include retail sales, banks, restaurants, bakeries, and gasoline sales, with a maximum allowable building height of 45 feet for that category. Alcohol sales are permitted for off-premise consumption and as part of food service, subject to verification by the buyer.

    The property is located at 3509 E Belknap Street in Fort Worth, Tarrant County, TX 76111. Lot size is listed as 0.834 acres. The listing materials note that all details should be verified, including whether automotive remains an acceptable use.

    For buyers or developers seeking a site that can support multiple types of retail, service, food, or institutional development, this parcel’s use-permitting language and height limits are central considerations. The ability to accommodate higher-intensity commercial categories may make it a practical option for investors evaluating mixed-use or single-tenant development concepts, while the buyer verification item on automotive underscores the importance of due diligence before design and financing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.297962
    Latitude
    32.776263

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    FAQs

    What type of property is this?
    Commercial land - A flexible site in Fort Worth with allowances for a broad mix of commercial uses and limited on-site alcohol permissions.
    Where is this commercial land located?
    The property is located at 3509 E Belknap Street Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Gated parking lot with on‑site parking; Public water and public sewer (Public Sewer); Year built: 1960
    (817) 542-3965
    We can help!
    Listing Contact
    Trace Howard
    Real Estate License ID: 0730138
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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