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    General Business Zoned Commercial Lot Title is generated by Realmo AI

    6624 Oak Crest Drive W, Forest Hill, TX 76140

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    Claim this Listing
    For Sale
    $190,000

    LAND - Forest Hill, TX

    Lot size:
    0.49 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    86
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 6624 Oak Crest Drive W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    01988069
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Tax Description
    OAK CREST ADDITION BLOCK 1 LOT 11A
    Tax Annual Amount
    726

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Arturo Salgado

    Listing agent Arturo Salgado License #0845074

    Listing office BlueMark, LLC Sachse, TX

    Listing date Mar 10, 2026

    MLS# 21156784 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Vacant commercial lot in the City of Forest Hill, TX
    • Zoned General Business (GB) with permitted uses for a wide range of income‑producing commercial activities
    • GB zoning includes professional/business offices, retail shops, and personal service businesses (salons, barber shops, grooming)
    • GB zoning also allows restaurants and cafes, coffee shops, bakeries, and convenience‑type retail
    • Additional permitted uses under GB zoning include fitness and wellness facilities, childcare centers, and financial services
    • Public water and public sewer available, with utilities at the street

    Overview

    This vacant commercial lot is zoned General Business (GB) in the City of Forest Hill, TX, offering flexibility for a wide range of income-producing development. The property is intended to support neighborhood and community-oriented commercial activity, with permitted uses that include professional and business offices, retail shops, personal service businesses, restaurants and cafes, coffee shops, bakeries, convenience-type retail, fitness and wellness facilities, childcare centers, financial services, and specialty retail. Additional uses may be allowed subject to applicable permits or city approvals. Utilities are available at the street.

    Located in an established area with access to surrounding residential and commercial corridors, the site is positioned for commercial growth where demand can come from both nearby households and passing shoppers and service customers. It can work well for a buyer looking to build something tailored to current and future needs, while keeping development options open within the GB zoning framework.

    The GB zoning breadth makes this land a practical fit for both long-term investors and owner-users planning a small build-to-suit project or a measured development approach. It may also suit operators seeking a versatile site for retail, office, or service-oriented concepts, provided that all zoning interpretations, permitted uses, utilities, and development standards are confirmed directly with the City of Forest Hill before proceeding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest Hill
    County
    Tarrant
    State
    Texas
    Longitude
    -97.244374
    Latitude
    32.664133

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    FAQs

    What type of property is this?
    Commercial land - Vacant commercial land zoned General Business, supporting a broad mix of retail, office, services, and select food uses.
    Where is this commercial land located?
    The property is located at 6624 Oak Crest Drive W Forest Hill, TX.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: Vacant commercial lot in the City of Forest Hill, TX; Zoned General Business (GB) with permitted uses for a wide range of income‑producing commercial activities; GB zoning includes professional/business offices, retail shops, and personal service businesses (salons, barber shops, grooming)
    (214) 575-0046
    We can help!
    Listing Contact
    Arturo Salgado
    Real Estate License ID: 0845074
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    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
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