Listing Agency: Team & Vasseur Commercial Real Estate Show Phone

Listed By: Nathan Vasseur Show Phone

Source: Moodyscre

Added: Jan 20 Changed: Oct 8 Last Checked: Oct 15 at 2:36AM

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Investment Insights

Based on property information with market context.

This automotive dealership includes approximately 5,296 SF of building area on approximately 2.37 acres. The property is configured for automotive commercial use and benefits from frontage along Airport Freeway, providing direct exposure to freeway traffic.

The site is positioned on the north side of State Highway 121, also identified as Airport Freeway. It is approximately 1 mile east of downtown Fort Worth and is addressed at 400 N Riverside Dr in Fort Worth, Texas.

Key Highlights

• Approximately 5,296 SF automotive dealership
• Approximately 2.37 Acres of land
• Freeway frontage on 121 (Airport Freeway)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,126

Cap Rate

3.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,702,520 $1.7M

Cap Rate 7%

$1,216,086 $1.2M

Cap Rate 9%

$945,844 $945.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,296 SF

Gross rent

$127.7K $24.12/SF

− Vacancy

−$6.1K −$1.16/SF

EGI

$121.6K $22.96/SF

− OpEx

−$36.5K −$6.89/SF

NOI

$85.1K $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%

$1,702,520

Cap Rate 7%

$1,216,086

Cap Rate 9%

$945,844

Alternative Uses

Best Use

Retail

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,126 @ 7.0% cap · market cap 3.15%

Second Best

Industrial

$477.4K

$417.7K – $556.9K (±1% cap)

NOI $33,416 @ 7.0% cap · market cap 1.24%

Theoretical Best

Office A

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,667 @ 7.0% cap · market cap 4.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto Sales | DFW ... Car Dealership Tricolor Auto - Riverside Car Dealership Adonis Auto Group Car Dealership

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Veterinary Clinic Skin Care Clinic Pet Grooming Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

995

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 76111, TX

22,512

Population

8,523

Households

2.6

Avg Household Size

33

Median Age

15%

College-Educated

67%

High-School Grad

7.4 sq mi

ZIP Area

3,042

Density / Sq Mi

$56,944

Median Household Income

$37,149

Median Earnings

$1,272

Median Rent

$199,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Similar Off Market Nearby

• Avani Enterprises — 522 N Sylvania Ave, Fort Worth, TX 76111
• U-Haul Neighborhood Dealer — 3401 E Belknap St, Fort Worth, TX 76111
• CarCater — 1309 N Riverside Dr, Fort Worth, TX 76111

Frequently Asked Questions

What type of property is this?

Automotive property - Freestanding automotive facility with substantial land area and direct exposure along Airport Freeway.

Where is this automotive property located?

The property is located at 400 N Riverside Dr Fort Worth, TX.

What is the asking price?

The asking price for this property is $2,699,000.

What are key features of this property?

This property features: Approximately 5,296 SF automotive dealership; Approximately 2.37 Acres of land; Freeway frontage on 121 (Airport Freeway)