Multifamily Project on
7120 Anderson Blvd Fort Worth, TX 76120
7120 Anderson Blvd, Fort Worth, TX, 76120
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For Sale
Contact for pricing
Multifamily property with high visibility, construction started, completion contingent.
Property Size240,405 SF
Price / SF$282.20
Days on Market486
Property Features for 7120 Anderson Blvd
General Information
- Standard status
- Active
- Size
- 240,405 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2027
Listing Agency
Equity Real Estate (American Fork)
Listed by
Porter Christensen · License #UT 11976924-SA00
Source
Crexi
Added: Mar 20, 2025 Checked: Jul 17 at 3:52 am
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)
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.
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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.
