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5199 McCart Avenue, Fort Worth, TX 76115
The property combines a varied tenant roster with multiple entry and exit points.
Property Size75,980 SF
Lot Size8.39 Acres
Price / SF$179.89
Days on Market5
Property Features for 5199 McCart Avenue
General Information
Standard status
Active
Size
75,980 SF
Lot size
8.39 Acres
Property subtype
Retail
Occupancy
87%
Additional Details
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
SHOP Companies
Listed By:
Tommy Tucker · License #850939
(214) 960-2887
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:47PM
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 SHOP Companies
Investment Insights
Based on property information with market context.
Spanning 75,980 square feet across two parcels totaling approximately 8.39 acres, this retail center is 86.72% leased. Its tenants include AutoZone, Mr. Gatti’s Pizza, Antojitos Latinos, Van Marcke Plumbing and The Classic Barber Shop. The property has multiple ingress and egress points and a monument sign visible from two sides. Average lease expiration is February 2031.
Retailers in the surrounding area include QuikTrip, Taco Bell, Dollar General, Sherwin Williams, 7-Eleven, CVS, Subway, Walgreens and Dollar Tree.
Retailers in the surrounding area include QuikTrip, Taco Bell, Dollar General, Sherwin Williams, 7-Eleven, CVS, Subway, Walgreens and Dollar Tree.
Key Highlights
- 75,980‑square‑foot retail center on two parcels totaling +/- 8.39 acres
- 86.72% leased to a mix of retail and service tenants
- Tenants include AutoZone, Mr. Gatti’s Pizza, Antojitos Latinos, Van Marcke Plumbing and The Classic Barber Shop
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
$1,221,270
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
8.94%
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%
$24,425,400
$24.4M
Cap Rate 7%
$17,446,714
$17.4M
Cap Rate 9%
$13,569,667
$13.6M
Market Conditions
NOI Build-Up for 75,980 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
$1.83M $24.12/SF
− Vacancy
−$88.0K −$1.16/SF
EGI
$1.74M $22.96/SF
− OpEx
−$523.4K −$6.89/SF
NOI
$1.22M $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%
$24,425,400
Cap Rate 7%
$17,446,714
Cap Rate 9%
$13,569,667
Alternative Uses
Best Use
Retail
$17.45M
$15.27M – $20.35M
NOI $1,221,270 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.60M
$24.15M – $32.20M
NOI $1,932,019 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
86.7%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76115, TX
20,956
Population
6,706
Households
3.1
Avg Household Size
29
Median Age
17%
College-Educated
53%
High-School Grad
4.6 sq mi
ZIP Area
4,556
Density / Sq Mi
$51,823
Median Household Income
$29,868
Median Earnings
$1,177
Median Rent
$132,100
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?
Shopping center - The property combines a varied tenant roster with multiple entry and exit points.
Where is this shopping center located?
The property is located at 5199 McCart Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $13,668,000.
What are key features of this property?
This property features: 75,980‑square‑foot retail center on two parcels totaling +/- 8.39 acres; 86.72% leased to a mix of retail and service tenants; Tenants include AutoZone, Mr. Gatti’s Pizza, Antojitos Latinos, Van Marcke Plumbing and The Classic Barber Shop
