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    7120 Anderson Blvd Fort Worth, TX 76120

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    For Sale
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    Luxury Multifamily Investment Opportunity

    Property size:
    240,405 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: Vic Centre Apartments, a Class A, 268-unit apartment building in Fort Worth, Texas. This stunning, newly constructed property (completion in 2026) boasts 240,405 square feet, with 197,200 square feet of net rentable space. Priced at $69,964,677 ($261,062 per unit and $291.03 per square foot), it offers a compelling 4.95% cap rate and a strong NOI of $3,463,251. The property features nine buildings and ample parking for 402 vehicles. Its prime location at 7120 Anderson Blvd, Fort Worth, TX 76120, offers exceptional visibility from the intersection of I-30 and I-820, providing easy access to downtown Fort Worth (15 minutes) and downtown Arlington (15 minutes). Anderson Blvd will undergo improvements as part of this development. Offers will be considered contingent upon project completion and issuance of a Certificate of Occupancy from the City of Fort Worth. This is a fully built project, reflecting the asking price. The property's APN is 42894113.

    Property Features for 7120 Anderson Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    240,405 SF
    Class
    A

    Building Details

    Year Built
    2026
    Buildings
    9
    Units
    268

    HighLights

    • 15‑minute commute to Downtown Fort Worth.
    • 15‑minute drive to Downtown Arlington.
    • Excellent freeway visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.203871310646
    Latitude
    32.762199249876

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 7120 Anderson Blvd Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $69,964,677.
    What are key features of this property?
    This property features: 15-minute commute to Downtown Fort Worth.; 15-minute drive to Downtown Arlington.; Excellent freeway visibility.
    Request Owner's contact information
    7120 Anderson Blvd Fort Worth, TX 76120
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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
    7120 Anderson Blvd Fort Worth, TX 76120
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