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    7050 Ridgmar Meadow Rd Fort Worth, TX 76116

    For Sale
    $2,300,000

    Turnkey Restaurant, High-Traffic Location

    Property size:
    6,924 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 6,924 square foot retail property, located at 7050 Ridgmar Meadow Rd in Fort Worth, Texas, is offered at $2,300,000 ($332.18/sq ft). The property is a multi-tenant building encompassing a restaurant and shopping center on a 0.791-acre lot. It's a NNN lease property situated in a high-traffic area with strong national retailers, providing excellent visibility and foot traffic. The location benefits from a large trade area population exceeding 425,000 residents, encompassing upscale neighborhoods like Ridgmar, Westover Hills, and Westworth Village. The restaurant space is turnkey, fully equipped and ready for immediate occupancy, presenting a unique opportunity for culinary entrepreneurs. This property offers a blend of established retail presence and high growth potential within a desirable demographic. The zip code is 76116. This is a prime opportunity to acquire a well-positioned retail asset in a thriving Fort Worth market.

    Property Features for 7050 Ridgmar Meadow Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,924 SF
    Lot Size
    34,456 SF

    HighLights

    • Turnkey restaurant space, fully equipped.
    • High‑traffic location with over 425,000 people in the trade area.
    • Strong national retailers nearby, increasing visibility and foot traffic.
    • Upscale location in Ridgmar, Westover Hills, and Westworth Village neighborhoods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -97.4372693
    Latitude
    32.745849

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    FAQs

    What type of property is this?
    Lifestyle center - Turnkey Restaurant, High-Traffic Location
    Where is this lifestyle center located?
    The property is located at 7050 Ridgmar Meadow Rd Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Turnkey restaurant space, fully equipped.; High-traffic location with over 425,000 people in the trade area.; Strong national retailers nearby, increasing visibility and foot traffic.
    Request Owner's contact information
    7050 Ridgmar Meadow Rd Fort Worth, TX 76116
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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
    7050 Ridgmar Meadow Rd Fort Worth, TX 76116
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