Alon Gas Station With Service
New
For Sale
$900,000
6705 Meadowbrook Drive, Fort Worth, TX 76112
Renovated gas station with an integrated automotive service operation.
Property Size4,626 SF
Lot Size0.48 Acres
Price / SF$194.55
Days on Market3
Property Features for 6705 Meadowbrook Drive
General Information
Standard status
Active
Size
4,626 SF
Lot size
0.48 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Service Bays
5
Amenities
Pole sign
Building Details
Building Size
4,626 SF
Year Built
1965
Year Renovated
2005
Buildings
1
Units
1
Listing Agency:
Vision Commercial Real Estate
(817) 803-3287
Listed By:
Trenton Price · License #0000
Source:
Vickiesteam
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 1:32PM
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 Vision Commercial Real Estate
Investment Insights
Based on property information with market context.
The property combines an Alon gas station with an automotive service operation in a 4,626 SF building. The improvements include a service station, five functional service bays, and a pole sign. Fuel storage consists of three gas tanks, including two 10K tanks and one 12K tank.
Built in 1965 and renovated in 2005, the property occupies 0.48 acres at 6705 Meadowbrook Drive in Fort Worth, TX 76112. Its configuration brings fueling and vehicle-service functions together within one commercial site, with the existing building and service-bay layout already established.
Built in 1965 and renovated in 2005, the property occupies 0.48 acres at 6705 Meadowbrook Drive in Fort Worth, TX 76112. Its configuration brings fueling and vehicle-service functions together within one commercial site, with the existing building and service-bay layout already established.
Key Highlights
- Alon gas station with service‑station improvements
- 4,626 SF building on 0.48 acres
- Three gas tanks: two 10K and one 12K
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
$79,667
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
8.85%
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%
$1,593,340
$1.6M
Cap Rate 7%
$1,138,100
$1.1M
Cap Rate 9%
$885,189
$885.2K
Market Conditions
NOI Build-Up for 4,626 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
$111.6K $24.12/SF
− Vacancy
−$5.4K −$1.16/SF
EGI
$106.2K $22.96/SF
− OpEx
−$26.6K −$5.74/SF
NOI
$79.7K $17.22/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
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%
$1,593,340
Cap Rate 7%
$1,138,100
Cap Rate 9%
$885,189
Alternative Uses
Best Use
Specialty Retail
$1.14M
$995.8K – $1.33M
NOI $79,667 @ 7.0% cap · market cap 8.85%
Second Best
Retail
$1.06M
$929.5K – $1.24M
NOI $74,356 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,630 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
Business Placement
Demographics for 76112, TX
43,132
Population
19,077
Households
2.3
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
11.3 sq mi
ZIP Area
3,817
Density / Sq Mi
$56,179
Median Household Income
$35,543
Median Earnings
$1,215
Median Rent
$207,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Renovated gas station with an integrated automotive service operation.
Where is this gas station located?
The property is located at 6705 Meadowbrook Drive Fort Worth, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Alon gas station with service‑station improvements; 4,626 SF building on 0.48 acres; Three gas tanks: two 10K and one 12K
