Multifamily Project on
7120 Anderson Blvd, Fort Worth, TX 76120
Multifamily property with high visibility, construction started, completion contingent.
Type:Multifamily
Property size:
240,405 SFPrice / SF:
$282/SF- Added:
- Mar 20, 2025
- Days on Market:
- 441
- Last Refresh:
- May 13 at 8:18 pm
Property Features for 7120 Anderson Blvd
General Information
- Standard status
- Active
- Size
- 240,405 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2027
Listing agent Porter Christensen License #UT 11976924-SA00
Listing office Equity Real Estate (American Fork)
Listing date Mar 20, 2025
Source Crexi
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 Equity Real Estate (American Fork)
HighLights
- Fully built project upon completion of construction and delivery of Certificate of Occupancy (CofO) from the city of Fort Worth.
- Excellent visibility from I‑30 due to its location at the intersection of I‑30 and I‑820.
- Construction has already started.
- Anderson Blvd will be connected and improved as part of the development.
- New construction (Year Built: 2027).
- Wonderfully located on the intersection of I‑30 and I‑820.
Overview
This multifamily property is located at the intersection of I-30 and I-820, offering high visibility from I-30. Construction has started on the project, and offers will be considered contingent upon completion of construction and delivery of a Certificate of Occupancy from the city of Fort Worth. The development includes improvements to Anderson Blvd, which will be connected as part of the project. The property size is 240405 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.44M | $30.96 |
| − Vacancy | −$796.4k | −$3.31 |
| EGI | $6.65M | $27.65 |
| − OpEx | −$2.99M | −$12.44 |
| NOI | $3.66M | $15.21 |
240,405 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$52.22M
$45.69M – $60.93M
NOI $3,655,599 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$87.33M
$76.41M – $101.88M
NOI $6,113,018 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.2018418
- Latitude
- 32.7611938
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property with high visibility, construction started, completion contingent.
Where is this apartment building located?
The property is located at 7120 Anderson Blvd Fort Worth, TX.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Fully built project upon completion of construction and delivery of Certificate of Occupancy (CofO) from the city of Fort Worth.; Excellent visibility from I‑30 due to its location at the intersection of I‑30 and I‑820.; Construction has already started.
