Retail Space in High-Growth
For Sale
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6984 Rufe Snow Dr, Fort Worth, TX 76148
Retail space for sale in a high-growth DFW area.
Property Size15,022 SF
Price / SF$292.90
Days on Market180
Property Features for 6984 Rufe Snow Dr
General Information
Standard status
Active
Size
15,022 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Net Operating Income
$295,680
Building Details
Year Built
1998
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Tarik Fattah · License #CA 02137435
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 22 at 5:07PM
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 Matthews
Investment Insights
Based on property information with market context.
This retail space, encompassing 15,022 square feet, is located in Fort Worth, Texas, within a high-growth Dallas-Fort Worth Metropolitan Statistical Area (MSA). The property benefits from a long-term corporate lease that includes built-in rent growth. It also features excellent visibility.
Key Highlights
- High‑growth DFW MSA
- Long‑term corporate lease
- Built‑in rent growth
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
$241,457
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
5.49%
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%
$4,829,140
$4.8M
Cap Rate 7%
$3,449,386
$3.4M
Cap Rate 9%
$2,682,856
$2.7M
Market Conditions
NOI Build-Up for 15,022 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
$362.3K $24.12/SF
− Vacancy
−$17.4K −$1.16/SF
EGI
$344.9K $22.96/SF
− OpEx
−$103.5K −$6.89/SF
NOI
$241.5K $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 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%
$4,829,140
Cap Rate 7%
$3,449,386
Cap Rate 9%
$2,682,856
Alternative Uses
Best Use
Retail
$3.45M
$3.02M – $4.02M
NOI $241,457 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.46M
$4.77M – $6.37M
NOI $381,979 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 76148, TX
23,587
Population
8,481
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
89%
High-School Grad
4.7 sq mi
ZIP Area
5,019
Density / Sq Mi
$90,614
Median Household Income
$42,762
Median Earnings
$1,824
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale in a high-growth DFW area.
Where is this retail space located?
The property is located at 6984 Rufe Snow Dr Fort Worth, TX.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: High‑growth DFW MSA; Long‑term corporate lease; Built‑in rent growth
