Multifamily Project on
For Sale
Contact for pricing
7120 Anderson Blvd, Fort Worth, TX 76120
Multifamily property with high visibility, construction started, completion contingent.
Property Size240,405 SF
Price / SF$282.20
Days on Market577
Property Features for 7120 Anderson Blvd
General Information
Standard status
Active
Size
240,405 SF
Class
A
Total Parking Spaces
402
Property subtype
Multifamily
Building Details
Year Built
2027
Buildings
9
Units
268
Listing Agency:
Equity Real Estate (American Fork)
Listed By:
Porter Christensen · License #UT 11976924-SA00
Source:
Crexi
Added: Mar 20, 2025
Changed: Oct 1
Last Checked: Oct 16 at 8:24AM
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)
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,655,599
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$73,111,980
$73.1M
Cap Rate 7%
$52,222,843
$52.2M
Cap Rate 9%
$40,617,767
$40.6M
Market Conditions
NOI Build-Up for 240,405 SF
Gross rent
$7.44M $30.96/SF
− Vacancy
−$796.4K −$3.31/SF
EGI
$6.65M $27.65/SF
− OpEx
−$2.99M −$12.44/SF
NOI
$3.66M $15.21/SF
Area
Fort Worth, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$73,111,980
Cap Rate 7%
$52,222,843
Cap Rate 9%
$40,617,767
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 76120, TX
19,240
Population
8,885
Households
2.2
Avg Household Size
34
Median Age
31%
College-Educated
91%
High-School Grad
7.5 sq mi
ZIP Area
2,565
Density / Sq Mi
$74,321
Median Household Income
$47,026
Median Earnings
$1,353
Median Rent
$279,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 $67,843,036.
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.
