Assisted Living Facility with Memory
For Sale
$550,000
907 E Humbolt Street, Fort Worth, TX 76104
COMMERCIAL - Fort Worth, TX
Property Size2,692 SF
Lot Size0.12 Acres
Price / SF$204.31
Days on Market45
Property Features for 907 E Humbolt Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
Commercial
Parking features
Driveway, On Street, Garage
Security features
Security
Subdivision
Mc Anulty & Nesbitt Sub Evans
Lot features
Interior Lot, Historic District
Directions
GPS
Standard status
Active
APN
00879665
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
MC ANULTY & NESBITT SUB EVANS BLOCK 2 LOT 29
Tax Annual Amount
338
Legal Description
MC ANULTY & NESBITT SUB EVANS BLOCK 2 LOT 29
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
1
Flooring type
Tile, Vinyl
Building materials
Concrete, WoodSiding
Roof type
Shingle
Listing Agency:
Momentum Real Estate Group,LLC
(817) 438-1500
Listed By:
Matthew Brown · License #0654734
(682) 582-6892
Added: Jul 16
Changed: Aug 15
Last Checked: Aug 29 at 11:06AM
MLS# 21330161
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Under construction assisted living facility planned for high-density occupancy, with a state-mandated commercial fire sprinkler system and advanced fire alarm system. The 2,692 total SF facility includes 2,489 SF under AC and is positioned for licensing-ready operations. The interior plan features 4 bedrooms, 2 full bathrooms, and 4 half bathrooms, along with a centralized kitchen, separate dining room, and a dedicated executive office for clinical administrative work, medical chart storage, and family intakes.
Construction is set for 2026, with central heating and central air. The property is served by public water and public sewer, and offers on-street parking as well as a garage and driveway. Exterior materials include concrete and wood siding, with a shingle roof.
Located at 907 E Humbolt Street in Fort Worth (76104) within a continuing mixed-use redevelopment area, the facility is being built to support assisted living (Type B) and memory care uses, along with other related residential care program formats referenced in the plan.
Construction is set for 2026, with central heating and central air. The property is served by public water and public sewer, and offers on-street parking as well as a garage and driveway. Exterior materials include concrete and wood siding, with a shingle roof.
Located at 907 E Humbolt Street in Fort Worth (76104) within a continuing mixed-use redevelopment area, the facility is being built to support assisted living (Type B) and memory care uses, along with other related residential care program formats referenced in the plan.
Key Highlights
- State‑mandated commercial fire sprinkler system and advanced fire alarm system
- Planned size of 2,692 total SF with 2,489 SF under AC
- Under construction with an estimated 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,935
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$818,700
$818.7K
Cap Rate 7%
$584,786
$584.8K
Cap Rate 9%
$454,833
$454.8K
Market Conditions
NOI Build-Up for 2,692 SF
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.
Gross rent
$83.3K $30.96/SF
− Vacancy
−$8.9K −$3.31/SF
EGI
$74.4K $27.65/SF
− OpEx
−$33.5K −$12.44/SF
NOI
$40.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$818,700
Cap Rate 7%
$584,786
Cap Rate 9%
$454,833
Alternative Uses
Best Use
Apartment 5plus
$584.8K
$511.7K – $682.3K
NOI $40,935 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.9K
$855.7K – $1.14M
NOI $68,452 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,121
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Under-construction assisted living facility designed for assisted living and memory care with central HVAC and public utilities.
Where is this assisted living facility located?
The property is located at 907 E Humbolt Street Fort Worth, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: State‑mandated commercial fire sprinkler system and advanced fire alarm system; Planned size of 2,692 total SF with 2,489 SF under AC; Under construction with an estimated 2026 year built
