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    4607 California Pkwy Forest Hill, TX 76119

    For Sale
    Contact for pricing

    61-unit facility, high occupancy, strong ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 61-unit assisted living facility, built in 1971 and renovated in 2015, presents a compelling investment opportunity. Located in Forest Hill, Texas, just minutes from downtown Fort Worth, this property boasts a prime location with easy access to major highways I-20 and I-820. The 2.02-acre lot includes 31 parking spaces. The facility features 160 beds, comprised of both semi-private and private rooms, and is currently operating at over 90% occupancy. Amenities include a fully gated perimeter, two interior courtyards, administrative offices, a welcoming lobby and reception area, a commercial kitchen, a dining room, and a laundry room equipped with washers and dryers. The property is zoned for multifamily development, offering additional investment potential. Situated in the rapidly growing Tarrant County, this facility benefits from a strong local economy fueled by major employers, including Fortune 500 companies. The significant growth in the senior population, coupled with limited new construction post-pandemic, creates a high demand for assisted living facilities, making this a truly turnkey investment with substantial long-term growth prospects. This property offers a rare combination of strong current performance and significant future upside in a thriving market. The property's location and amenities make it an attractive option for residents and investors alike.

    Property Features for 4607 California Pkwy

    General Information

    Property type
    Retirement homes
    Lot Size
    87,991 SF

    Building Details

    Year Built/Renovated
    1971/2015
    Units
    61

    HighLights

    • 93% occupied, fully staffed facility with 15 semi‑private and 65 private rooms.
    • Prime location at I‑20/I‑820 intersection.
    • Less than 10 miles southeast of downtown Fort Worth.
    • Amenities include gated perimeter, two courtyards, administrative offices, commercial kitchen, and dining/activity areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forest Hill
    County
    Tarrant
    State
    Texas
    Longitude
    -97.258344305015
    Latitude
    32.661828925265

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    FAQs

    What type of property is this?
    Retirement home - 61-unit facility, high occupancy, strong ROI
    Where is this retirement home located?
    The property is located at 4607 California Pkwy Forest Hill, TX.
    What are key features of this property?
    This property features: 93% occupied, fully staffed facility with 15 semi-private and 65 private rooms.; Prime location at I-20/I-820 intersection.; Less than 10 miles southeast of downtown Fort Worth.
    Request Owner's contact information
    4607 California Pkwy Forest Hill, TX 76119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4607 California Pkwy Forest Hill, TX 76119
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