Multi-Tenant Shopping Center with
For Sale
Contact for pricing
7032 N Blue Mound Rd, Fort Worth, TX 76131
Contemporary retail center with seven suites, end-cap drive-through windows, and an established swim-school anchor.
Property Size15,849 SF
Price / SF$530.44
Days on Market159
Property Features for 7032 N Blue Mound Rd
General Information
Standard status
Active
Size
15,849 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$517,027
Building Details
Year Built
2022
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5225
Listed By:
Philip Levy · License #TX 522087
Source:
Crexi
Added: Mar 25
Changed: Aug 29
Last Checked: Mar 27 at 4:56AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Completed in 2022, this 15,849-square-foot shopping center contains seven retail suites across a 2.13-acre parcel. Safe Splash Swim School occupies more than 30 percent of the gross leasable area, while drive-through windows serve both end-cap suites. Existing occupants include Jeremiah’s Italian Ice and Jamba Juice/Auntie Anne’s. The property is part of the 26-acre Victory Shops at Basswood development and is held in fee simple ownership.
The center fronts the signalized junction of North Blue Mound Road (FM 156) and Basswood Boulevard in Fort Worth’s Saginaw submarket. Combined traffic at the intersection exceeds 48,000 vehicles per day. Nearby demand drivers include Saginaw High School, with approximately 2,200 students, a Kroger Marketplace-anchored center, and national quick-service restaurants. The BNSF Railway Corporate Office is less than two miles away and employs over 4,500 corporate professionals.
The center fronts the signalized junction of North Blue Mound Road (FM 156) and Basswood Boulevard in Fort Worth’s Saginaw submarket. Combined traffic at the intersection exceeds 48,000 vehicles per day. Nearby demand drivers include Saginaw High School, with approximately 2,200 students, a Kroger Marketplace-anchored center, and national quick-service restaurants. The BNSF Railway Corporate Office is less than two miles away and employs over 4,500 corporate professionals.
Key Highlights
- 15,849‑square‑foot retail center on 2.13 acres
- Seven suites completed in 2022
- Safe Splash Swim School occupies over 30 percent of gross leasable area
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
$254,750
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
3.03%
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%
$5,095,000
$5.1M
Cap Rate 7%
$3,639,286
$3.6M
Cap Rate 9%
$2,830,556
$2.8M
Market Conditions
NOI Build-Up for 15,849 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
$382.3K $24.12/SF
− Vacancy
−$18.3K −$1.16/SF
EGI
$363.9K $22.96/SF
− OpEx
−$109.2K −$6.89/SF
NOI
$254.7K $16.07/SF
Area
ZIP 76131
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%
$5,095,000
Cap Rate 7%
$3,639,286
Cap Rate 9%
$2,830,556
Alternative Uses
Best Use
Retail
$3.64M
$3.18M – $4.25M
NOI $254,750 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.98M
$3.48M – $4.64M
NOI $278,681 @ 7.0% cap · market cap 3.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76131, TX
48,515
Population
18,145
Households
2.7
Avg Household Size
33
Median Age
35%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
3,130
Density / Sq Mi
$104,301
Median Household Income
$56,912
Median Earnings
$1,780
Median Rent
$316,000
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.
Similar Off Market Nearby
- Victory Shops at Basswood — Blue Mound Rd, Fort Worth, TX 76131
- Coinstar Kiosk | Bitcoin ATM — Kroger - Dallas, 1653 Basswood Blvd, Saginaw, TX 76131
Frequently Asked Questions
What type of property is this?
Shopping center - Contemporary retail center with seven suites, end-cap drive-through windows, and an established swim-school anchor.
Where is this shopping center located?
The property is located at 7032 N Blue Mound Rd Fort Worth, TX.
What is the asking price?
The asking price for this property is $8,406,900.
What are key features of this property?
This property features: 15,849‑square‑foot retail center on 2.13 acres; Seven suites completed in 2022; Safe Splash Swim School occupies over 30 percent of gross leasable area
