Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5502 Boca Raton Blvd, Unit 428 Fort Worth, TX 76112

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story condo with potential in central Fort Worth location.

    Lot size:
    0.06 Acres

    Property Features for 5502 Boca Raton Blvd

    General Information

    Lot size
    0.06 Acres
    Exterior features
    exterior_features, : ["Deck", "Sewer Available", "Water Available", "Cable Available", "Composition"]
    Interior features
    Interior Feature 1, : "Fireplace", "Interior Feature 2": "Cable Ready", "Interior Feature 3": "Electric", "Interior Feature 4": "Central Air", "Interior Feature 5": "Central", "Interior Feature 6": "Ceiling Fan(s)", "Interior Feature 7": "Dishwasher", "Interior Feature 8": "Electric Range", "Interior Feature 9": "Disposal", "Interior Feature 10": "Refrigerator"

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Source: Kw

    Listing Agency: eXp Realty LLC

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fort Worth Condo Value-Add Opportunity

    This two-story condominium in Fort Worth's Woodhaven Condominiums presents a value-add opportunity for investors or buyers. The unit features 1,311 square feet of living space, including a living room with a fireplace, a separate dining area, and a walk-out balcony on the main level. The second floor has two bedrooms, each with private ensuite bathrooms. A guest half bath is located on the main floor. Community amenities include a gated entrance, assigned parking, community laundry facilities, and a pool. The monthly HOA fee covers water, sewer, and exterior maintenance. This property is suited as a primary residence or long-term rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Corinne's Custom Cleans Hardware & Home Improvement Action Sprinklers General Contractor

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2355462
    Latitude
    32.7636882

    Nearby Similar for Sale

    • New
      $549,000
      5,865 SF

      High-Visibility Fort Worth Commercial Property

      Adaptable showroom/flex space with office in a strong commercial corridor.
      3850 South Fwy, Fort Worth, TX 76110
      View Details
    • New
      $325,000
      0.02 Acres

      Professional Office Condo in Alliance

      Office condo in fast-growing North Fort Worth - Alliance area.
      3848 N Tarrant Pkwy, Fort Worth, TX 76244
      View Details
    • New
      $219,900
      1,120 SF

      Commercial Lot with Office Space

      Commercial lot with office space in Fort Worth, Texas.
      4550 Dick Price Rd, Fort Worth, TX 76140
      View Details
    • New
      $374,900
      0.25 Acres

      Versatile Commercial Property, Fort Worth

      Turnkey commercial opportunity near downtown Fort Worth with high visibility.
      1201 Bessie St, Fort Worth, TX 76104
      View Details
    • $998,000
      0.32 Acres

      Bar Near Fort Worth Stockyards

      Bar near Stockyards, includes two properties, ready for new owner.
      3203 N Main St, Fort Worth, TX 76106
      View Details
    • $999,995
      2,990 SF

      Commercial Condo Building For Sale

      Commercial condo building with office/retail space in a well-established corridor.
      5748 Boat Club Rd, Fort Worth, TX 76179
      View Details
    • New
      $1,300,000
      0.32 Acres

      Versatile Commercial Building Near TCU

      Turnkey investment opportunity with bar and gym in Fort Worth.
      3717 Mccart Ave, Fort Worth, TX 76110
      View Details
    • $500,000
      0.49 Acres

      Fort Worth Commercial Property

      Versatile commercial property suitable for various uses in Fort Worth.
      3819 Mccart Ave, Fort Worth, TX 76110
      View Details
    • $399,000
      5,000 SF

      Versatile Fort Worth Office Building

      5,000 sqft building suitable for office, medical, or multi-purpose use.
      2200 Evans Ave, Fort Worth, TX 76104
      View Details
    • New
      $349,000
      0.67 Acres

      Warehouse with High Traffic Location

      Warehouse on corner lot near Eagle Mountain Lake, Fort Worth.
      7899 Hanger Cutoff Rd, Fort Worth, TX 76135
      View Details
    • $950,000
      0.52 Acres

      Established Showroom on Jacksboro Highway

      Furniture showroom on busy highway with excellent frontage and access.
      2615 Jacksboro Hwy, Fort Worth, TX 76114
      View Details
    • $249,999
      1,400 SF

      Versatile Commercial Property Near Stockyards

      Multi-use commercial property in a rapidly growing Fort Worth corridor.
      1004 NW 25Th St, Fort Worth, TX 76164
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two-story condo with potential in central Fort Worth location.
    Where is this apartment building located?
    The property is located at 5502 Boca Raton Blvd, Unit 428 Fort Worth, TX.
    What are key features of this property?
    This property features: - Priced under $100K in Fort Worth, offering an affordable entry point.; - Two-story unit with **1,311 sq ft of living space**.; - Two bedrooms, each with private ensuite bathrooms.
    (817) 380-5610
    Request Owner's contact information
    5502 Boca Raton Blvd, Unit 428 Fort Worth, TX 76112
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5502 Boca Raton Blvd, Unit 428
    Fort Worth, TX 76112
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5502 Boca Raton Blvd, Unit 428 Fort Worth, TX 76112
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    (817) 380-5610
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!