Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Worth Commercial Land Available Title is generated by Realmo AI

    6108 Azle Ave, Lake Worth, TX 76135

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Strategically located land in Lake Worth near major intersection.

    Type:Land
    Lot size:
    3.12 Acres
    Added:
    Sep 24, 2024
    Days on Market:
    612
    Last Refresh:
    May 12 at 11:00 pm

    Property Features for 6108 Azle Ave

    General Information

    Standard status
    Active
    Lot size
    3.12 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Cooper Wallis

    Listing agent Cooper Wallis License #692556

    Listing office BlueAlpha Capital

    Listing date Sep 24, 2024

    Source Crexi

    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 BlueAlpha Capital

    HighLights

    • Strategic location near the intersection of Boat Club Rd. and Azle Ave. with high traffic.
    • Proximity to downtown Fort Worth (15 minutes).
    • Easy access to Hwy 820 and Jacksboro Hwy (Hwy 199).
    • Located in a growing sub‑market with new multi‑family, QSR, medical office, and big box retail developments.
    • Great visibility along Azle Ave. and Boat Club Rd.
    • Conceptual site plans for development are in progress.

    Overview

    This property is strategically located in Lake Worth near the intersection of Boat Club Rd. and Azle Ave., which experiences heavy traffic. The area has seen an increase in new developments, including multi-family residences, quick-service restaurants, medical offices, and big box retail locations. Conceptual site plans for development are currently being created. The sub-market has experienced significant growth and is located approximately 15 minutes from downtown Fort Worth. The site provides convenient access to Hwy 820 and Jacksboro Hwy (Hwy 199) and offers visibility along Azle Ave. and Boat Club Rd. The property can be purchased separately as Lot 3, comprising 1.90 acres, or Lot 1R, comprising 1.22 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4219622
    Latitude
    32.8165518

    Nearby Similar for Sale

    • $750,000

      Lake Worth Cottage Style Office

      Two-story office building with excellent visibility and accessibility.
      6712 Azle Avenue, Lake Worth, TX 76135
      View Details
    • $450,000

      Commercial Building in Lake Worth

      Commercial building in the heart of Lake Worth, Texas.
      6804 Telephone Road, Lake Worth, TX 76135
      View Details
    • $250,000
      1,625 SF

      Office - Lake Worth, TX

      7020 Edgemere Place, Lake Worth, TX 76135
      View Details
    • $375,000

      Lake Worth Commercial Development Opportunity

      Prime commercial land in Lake Worth's growing commercial corridor.
      7019 Edgemere Place, Lake Worth, TX 76135
      View Details
    • $150,000

      Lake Worth Corner Lot Opportunity

      0.35-acre corner lot in Lake Worth's commercial corridor.
      4236 Karen Lane, Lake Worth, TX 76135
      View Details
    • $395,000

      Commercial Land in Lake Worth

      Commercial lot in rapidly growing Lake Worth corridor.
      7100 Lake Worth Boulevard, Lake Worth, TX 76135
      View Details
    • $324,900

      Lake Worth Land For Sale

      Prime commercial land in Lake Worth with high visibility.
      7037 Greenbriar Crescent Street, Lake Worth, TX 76135
      View Details
    • $165,000

      Lake Worth Land Opportunity

      Prime lot in Lake Worth near park and marina.
      7533 Foster Drive, Lake Worth, TX 76135
      View Details
    • $298,000

      Lake Worth Duplex For Sale

      Duplex in Lake Worth near I820 and Lockheed Martin.
      3304 Huron Trail, Lake Worth, TX 76135
      View Details
    • $795,000

      Lake Worth Commercial Opportunity

      Two-story commercial building with expansion potential in Lake Worth.
      6712 Azle Avenue, Lake Worth, TX 76135
      View Details
    • $324,900

      Lake Worth Corner Lot

      High-visibility corner lot in Lake Worth, Texas.
      7037 Greenbriar Crescent Street, Lake Worth, TX 76135
      View Details
    • $3,995,000
      3,976 SF

      New Retail Space Available

      Brand new retail building with customizable spaces for rent.
      6116 Lake Worth Blvd, Lake Worth, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - Strategically located land in Lake Worth near major intersection.
    Where is this commercial land located?
    The property is located at 6108 Azle Ave Lake Worth, TX.
    What is the asking price?
    The asking price for this property is $2,582,233.
    What are key features of this property?
    This property features: Strategic location near the intersection of Boat Club Rd. and Azle Ave. with high traffic.; Proximity to downtown Fort Worth (15 minutes).; Easy access to Hwy 820 and Jacksboro Hwy (Hwy 199).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cooper Wallis
    Real Estate License ID: 692556
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6108 Azle Ave, Lake Worth, TX 76135
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!