Automotive Dealership with Freeway
For Sale
Contact for pricing
400 N Riverside Dr, Fort Worth, TX 76111
Freestanding automotive facility with substantial land area and direct exposure along Airport Freeway.
Property Size5,296 SF
Lot Size2.37 Acres
Price / SF$509.63
Days on Market223
Property Features for 400 N Riverside Dr
General Information
Standard status
Active
Size
5,296 SF
Lot size
2.37 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Team & Vasseur Commercial Real Estate
(682) 429-7400
Listed By:
Nathan Vasseur
(682) 429-7400
Source:
Moodyscre
Added: Jan 20
Changed: Aug 30
Last Checked: Aug 30 at 7:22PM
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 Team & Vasseur Commercial Real Estate
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.
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 = 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
$85,126
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
3.15%
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%
$1,702,520
$1.7M
Cap Rate 7%
$1,216,086
$1.2M
Cap Rate 9%
$945,844
$945.8K
Market Conditions
NOI Build-Up for 5,296 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
$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 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%
$1,702,520
Cap Rate 7%
$1,216,086
Cap Rate 9%
$945,844
Alternative Uses
Best Use
Retail
$1.22M
$1.06M – $1.42M
NOI $85,126 @ 7.0% cap · market cap 3.15%
Second Best
Industrial
$477.4K
$417.7K – $556.9K
NOI $33,416 @ 7.0% cap · market cap 1.24%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,667 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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)
