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5018-5042 Trail Lake Drive, Fort Worth, TX 76133
Established retail center with national anchors, service-oriented tenants, and signalized access along Trail Lake Drive.
Property Size32,539 SF
Days on Market63
Property Features for 5018-5042 Trail Lake Drive
General Information
Standard status
Pending
Size
32,539 SF
Property subtype
Retail
Occupancy
97%
Site & Location
Neighborhood
Wedgwood East
Pylon Signage
Yes
Anchor Co-Tenants
Family Dollar, Sherwin-Williams
Traffic Count
19,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #TX 522087
(972) 755-5225
Source:
Crexi
Added: Aug 25
Changed: Oct 25
Last Checked: Oct 24 at 4:46PM
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 Marcus & Millichap - Dallas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Trail Lake Plaza is a 32,539-square-foot shopping center containing 15 suites and operating at 97 percent occupancy. Family Dollar and Sherwin-Williams serve as the primary anchors, occupying approximately 44 percent of the gross leasable area. The remaining space includes service, restaurant, and neighborhood retail users such as Subway, Today's Balloons Events & Party Décor, Styles of India Brow Threading, and Tuxedo Outlet. One 925-square-foot suite remains available for lease-up.
The center fronts Trail Lake Drive in southwest Fort Worth, approximately one mile from Interstate 20 and the Hulen retail corridor. Signalized access, prominent frontage, and exposure to approximately 19,600 vehicles per day support convenient access. The property also connects with South Hulen Street, Granbury Road, Interstate 20, and Loop 820.
Recent work includes exterior lighting, pylon and rotating signage, painting, parking lot seal coating and striping, suite make-ready improvements, and tenant improvements for Rosie's Pet Boutique.
The center fronts Trail Lake Drive in southwest Fort Worth, approximately one mile from Interstate 20 and the Hulen retail corridor. Signalized access, prominent frontage, and exposure to approximately 19,600 vehicles per day support convenient access. The property also connects with South Hulen Street, Granbury Road, Interstate 20, and Loop 820.
Recent work includes exterior lighting, pylon and rotating signage, painting, parking lot seal coating and striping, suite make-ready improvements, and tenant improvements for Rosie's Pet Boutique.
Key Highlights
- 32,539‑square‑foot shopping center with 15 suites
- 97 percent occupied with one 925‑square‑foot vacancy
- Family Dollar and Sherwin‑Williams occupy approximately 44 percent of GLA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$448,028
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,960,560
$9.0M
Cap Rate 7%
$6,400,400
$6.4M
Cap Rate 9%
$4,978,089
$5.0M
Market Conditions
NOI Build-Up for 32,539 SF
Gross rent
$671.6K $20.64/SF
− Vacancy
−$31.6K −$0.97/SF
EGI
$640.0K $19.67/SF
− OpEx
−$192.0K −$5.90/SF
NOI
$448.0K $13.77/SF
Area
ZIP 76133
Vacancy
4.70%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,960,560
Cap Rate 7%
$6,400,400
Cap Rate 9%
$4,978,089
Alternative Uses
Best Use
Retail
$6.40M
$5.60M – $7.47M
NOI $448,028 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.71M
$8.50M – $11.33M
NOI $679,742 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
19,600 VPD
Traffic count
97%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76133, TX
51,811
Population
20,080
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
9.3 sq mi
ZIP Area
5,571
Density / Sq Mi
$71,722
Median Household Income
$42,409
Median Earnings
$1,399
Median Rent
$223,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with national anchors, service-oriented tenants, and signalized access along Trail Lake Drive.
Where is this shopping center located?
The property is located at 5018-5042 Trail Lake Drive Fort Worth, TX.
What is the asking price?
The asking price for this property is $4,991,000.
What are key features of this property?
This property features: 32,539‑square‑foot shopping center with 15 suites; 97 percent occupied with one 925‑square‑foot vacancy; Family Dollar and Sherwin‑Williams occupy approximately 44 percent of GLA
