Turnkey Bar and Gym
For Sale
$1,300,000
3717 Mccart Avenue, Fort Worth, TX 76110
Off McCart Avenue, this property includes two operating spaces: a bar setup and a rear gym with private offices.
Property Size4,210 SF
Price / SF$308.79
Days on Market50
Property Features for 3717 Mccart Avenue
General Information
Standard status
Active
Size
4,210 SF
Property subtype
Business
Additional Details
Business Included
Yes
Building Details
Year Built
1952
Listing Agency:
The Property Shop
(817) 888-8849
Listed By:
Rene Jensen · License #0666220
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Jul 10
Changed: Aug 25
Last Checked: Aug 28 at 12:53PM
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 The Property Shop
Investment Insights
Based on property information with market context.
This commercial building is offered for sale with two separate, operating businesses included. One side features an established bar setup with multiple TVs, a projector screen, two pool tables, and full bar equipment. The other side offers a welcoming lobby, three private office rooms, and a fully operational gym located in the rear.
The property is located at 3717 McCart Avenue in Fort Worth, Texas, just off McCart Avenue. It provides separate rear access with private parking, along with visibility from the main road, supporting independent day-to-day use of the building’s two areas.
As configured, the building supports a split layout with distinct front and rear components, combining bar, office, and fitness functions under one ownership with both business entities conveyed in the sale.
The property is located at 3717 McCart Avenue in Fort Worth, Texas, just off McCart Avenue. It provides separate rear access with private parking, along with visibility from the main road, supporting independent day-to-day use of the building’s two areas.
As configured, the building supports a split layout with distinct front and rear components, combining bar, office, and fitness functions under one ownership with both business entities conveyed in the sale.
Key Highlights
- Versatile commercial building (1952) near TCU with two separate operating spaces included in the sale
- Bar side includes bar equipment and entertainment items: multiple TVs, projector screen, and two pool tables
- Gym side features a welcoming lobby plus three private office rooms and a fully operational rear gym
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
$72,503
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
5.58%
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%
$1,450,060
$1.5M
Cap Rate 7%
$1,035,757
$1.0M
Cap Rate 9%
$805,589
$805.6K
Market Conditions
NOI Build-Up for 4,210 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
$101.5K $24.12/SF
− Vacancy
−$4.9K −$1.16/SF
EGI
$96.7K $22.96/SF
− OpEx
−$24.2K −$5.74/SF
NOI
$72.5K $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%
$1,450,060
Cap Rate 7%
$1,035,757
Cap Rate 9%
$805,589
Alternative Uses
Best Use
Specialty Retail
$1.04M
$906.3K – $1.21M
NOI $72,503 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,052 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76110, TX
29,858
Population
12,497
Households
2.4
Avg Household Size
33
Median Age
29%
College-Educated
68%
High-School Grad
5.7 sq mi
ZIP Area
5,238
Density / Sq Mi
$68,435
Median Household Income
$36,262
Median Earnings
$1,255
Median Rent
$239,200
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?
Bar & Pub - Off McCart Avenue, this property includes two operating spaces: a bar setup and a rear gym with private offices.
Where is this bar & pub located?
The property is located at 3717 Mccart Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Versatile commercial building (1952) near TCU with two separate operating spaces included in the sale; Bar side includes bar equipment and entertainment items: multiple TVs, projector screen, and two pool tables; Gym side features a welcoming lobby plus three private office rooms and a fully operational rear gym
