Automotive Repair Facility with
New
For Sale
$549,000
4116 E Berry Street, Fort Worth, TX 76105
Existing automotive service property with on-site parking, automotive equipment, and MU-1 Low Intensity Mixed-Use zoning.
Property Size2,730 SF
Lot Size0.44 Acres
Days on Market4
Property Features for 4116 E Berry Street
General Information
Standard status
Active
Size
2,730 SF
Lot size
0.44 Acres
Property subtype
Retail
Zoning
MU-1 Low Intensity Mixed-Use
Site & Location
Road Frontage
99 ft
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Asking Price
$549,000
Land Use
automotive
Service Bays
1
Taxes and HOA fees
Annual Taxes
$2,561
Building Details
Building Size
2,730 SF
Year Built
1973
Listing Agency:
Morine Empire Realty
Listed By:
Nicole Empire
(469) 629-9910
Source:
Nilesrealtygroup
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 14 at 9:32AM
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 Morine Empire Realty
Investment Insights
Based on property information with market context.
This automotive property includes an existing repair facility on approximately 0.44 acres, with on-site parking, one automotive lift, and one air-pressure tank. The site was built in 1973 and provides an established setting for continued automotive operations. Its MU-1 Low Intensity Mixed-Use zoning also supports consideration of commercial, retail, office, service, or mixed-use concepts subject to City of Fort Worth requirements and approvals.
The property offers approximately 99 FT of frontage along E. Berry Street near Miller Avenue. It is adjacent to the Tarrant County parking lot and positioned near Walmart, other retailers, county services, and major Fort Worth corridors. Downtown Fort Worth is approximately 15 minutes away, while AT&T Stadium is approximately 20–25 minutes away.
The property offers approximately 99 FT of frontage along E. Berry Street near Miller Avenue. It is adjacent to the Tarrant County parking lot and positioned near Walmart, other retailers, county services, and major Fort Worth corridors. Downtown Fort Worth is approximately 15 minutes away, while AT&T Stadium is approximately 20–25 minutes away.
Key Highlights
- Approximately 0.44 acres with an existing automotive repair facility
- Approximately 99 FT of frontage along E. Berry Street
- One automotive lift and one air‑pressure tank
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
$43,881
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
7.99%
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%
$877,620
$877.6K
Cap Rate 7%
$626,871
$626.9K
Cap Rate 9%
$487,567
$487.6K
Market Conditions
NOI Build-Up for 2,730 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
$65.8K $24.12/SF
− Vacancy
−$3.2K −$1.16/SF
EGI
$62.7K $22.96/SF
− OpEx
−$18.8K −$6.89/SF
NOI
$43.9K $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%
$877,620
Cap Rate 7%
$626,871
Cap Rate 9%
$487,567
Alternative Uses
Best Use
Retail
$626.9K
$548.5K – $731.4K
NOI $43,881 @ 7.0% cap · market cap 7.99%
Second Best
Industrial
$246.1K
$215.3K – $287.1K
NOI $17,225 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$991.7K
$867.7K – $1.16M
NOI $69,418 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76105, TX
23,445
Population
7,667
Households
3.1
Avg Household Size
31
Median Age
5%
College-Educated
57%
High-School Grad
5.9 sq mi
ZIP Area
3,974
Density / Sq Mi
$46,482
Median Household Income
$27,987
Median Earnings
$1,172
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Existing automotive service property with on-site parking, automotive equipment, and MU-1 Low Intensity Mixed-Use zoning.
Where is this auto shop located?
The property is located at 4116 E Berry Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Approximately 0.44 acres with an existing automotive repair facility; Approximately 99 FT of frontage along E. Berry Street; One automotive lift and one air‑pressure tank
