3-Tenant Neighborhood Shopping
5864 North Tarrant Parkway, Fort Worth, TX 76244
For Sale
Contact for pricing
The center is fully leased, with average base lease expirations in October 2034.
Property Size9,770 SF
Price / SF$386.39
Days on Market52
Property Features for 5864 North Tarrant Parkway
General Information
Standard status
Size
Property subtype
Occupancy
Building Details
Tenancy
Listing Agency:
SHOP Companies
Listed By:
Tommy Tucker · License TX #850939
(214) 960-2887
Source:
Crexi
Added: Sep 23
Changed: Nov 11
Last Checked: Nov 12 at 8:11AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,770-square-foot neighborhood shopping center at 5864 North Tarrant Parkway in Fort Worth is fully leased to three businesses: Uptown Cheapskate, Children’s Art Classes, and Bricks & Mini Figs. Average base lease expiration is October 2034.
The property is across from land owned by H-E-B Grocery Company, LP. Watauga Towne Shopping Center and Watauga Towne Center are nearby; together, they contain more than 196,400 square feet of retail space and include Target, Marshalls, Dollar Tree, Petco, and Fitness Connection.
The property is across from land owned by H-E-B Grocery Company, LP. Watauga Towne Shopping Center and Watauga Towne Center are nearby; together, they contain more than 196,400 square feet of retail space and include Target, Marshalls, Dollar Tree, Petco, and Fitness Connection.
Key Highlights
- 9,770‑square‑foot neighborhood shopping center
- Three tenants; 100% leased
- Average base lease expiration: October 2034
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,039
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,140,780
$3.1M
Cap Rate 7%
$2,243,414
$2.2M
Cap Rate 9%
$1,744,878
$1.7M
Market Conditions
NOI Build-Up for 9,770 SF
Gross rent
$235.7K $24.12/SF
− Vacancy
−$11.3K −$1.16/SF
EGI
$224.3K $22.96/SF
− OpEx
−$67.3K −$6.89/SF
NOI
$157.0K $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 Rate 5%
$3,140,780
Cap Rate 7%
$2,243,414
Cap Rate 9%
$1,744,878
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.62M
NOI $157,039 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,432 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
335k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 32%
Home Improvements & Furnishings 18%
Shops & Services 16%
Dining 16%
Kohl's
Apparel
61,448 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
49,824 visits/mo
0.3 miles
Marshalls
Apparel
42,531 visits/mo
0.3 miles
Michaels
Shops & Services
31,062 visits/mo
0.3 miles
Bath & Body Works
Beauty & Spa
25,483 visits/mo
0.4 miles
Demographics for 76244, TX
77,154
Population
26,098
Households
3
Avg Household Size
33
Median Age
45%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
5,178
Density / Sq Mi
$119,542
Median Household Income
$62,021
Median Earnings
$1,954
Median Rent
$363,200
Median Home Value
Market
Properties on Market for Shopping centers in Fort Worth
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - The center is fully leased, with average base lease expirations in October 2034.
Where is this shopping center located?
The property is located at 5864 North Tarrant Parkway Fort Worth, TX.
What is the asking price?
The asking price for this property is $3,775,000.
What are key features of this property?
This property features: 9,770‑square‑foot neighborhood shopping center; Three tenants; 100% leased; Average base lease expiration: October 2034
