Freestanding Restaurant Opportunity in Fort
7050 Ridgmar Meadow Rd, Fort Worth, TX 76116
For Sale
Contact for pricing
Turnkey restaurant space available for sale in Fort Worth.
Property Size6,924 SF
Price / SF$332.18
Days on Market1880
Property Features for 7050 Ridgmar Meadow Rd
General Information
Standard status
Size
Property subtype
Lease Type
Building Details
Tenancy
Listing Agency:
Structure Commercial
Listed By:
Troy Morgan, CCIM · License #TX 543987
(214) 466-1543
Source:
Crexi
Added: Sep 15, 2021
Changed: Oct 28
Last Checked: Nov 6 at 6:39AM
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 Structure Commercial
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Investment Insights
Based on property information with market context.
Located at 7050 Ridgmar Meadow Rd in Fort Worth, TX 76116, this freestanding property presents an exceptional restaurant opportunity. The property, suitable for conventional restaurants and other commercial real estate ventures, offers a turnkey space ready to accommodate a dining concept. The property size is 6,924 square feet.
Key Highlights
- Turnkey restaurant space ready for immediate operation.
- Freestanding building offering independence and visibility.
- Located at 7050 Ridgmar Meadow Rd, Fort Worth, TX 76116.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,243
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,384,860
$2.4M
Cap Rate 7%
$1,703,471
$1.7M
Cap Rate 9%
$1,324,922
$1.3M
Market Conditions
NOI Build-Up for 6,924 SF
Gross rent
$167.0K $24.12/SF
− Vacancy
−$8.0K −$1.16/SF
EGI
$159.0K $22.96/SF
− OpEx
−$39.7K −$5.74/SF
NOI
$119.2K $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 Rate 5%
$2,384,860
Cap Rate 7%
$1,703,471
Cap Rate 9%
$1,324,922
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,243 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.20M – $2.93M
NOI $176,063 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76116, TX
51,639
Population
25,808
Households
2
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.3 sq mi
ZIP Area
4,198
Density / Sq Mi
$54,738
Median Household Income
$39,040
Median Earnings
$1,205
Median Rent
$286,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Conventional restaurants in Fort Worth
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant space available for sale in Fort Worth.
Where is this conventional restaurant located?
The property is located at 7050 Ridgmar Meadow Rd Fort Worth, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Turnkey restaurant space ready for immediate operation.; Freestanding building offering independence and visibility.; Located at 7050 Ridgmar Meadow Rd, Fort Worth, TX 76116.
