Assisted Living Facility with
For Sale
$489,999
907 E Humbolt Street, Fort Worth, TX 76104
CommercialSale, Fort Worth, TX
Property Size2,692 SF
Lot Size0.12 Acres
Price / SF$182.02
Days on Market52
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
Garage, On Street, Driveway
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
Amenities
centralized kitchen
separate dining room
dedicated executive office
advanced fire alarm system
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: Sep 5
Last Checked: Sep 5 at 6:06AM
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.
This under-construction assisted living facility contains 2,692 total SF, including 2,489 SF under AC, on a 0.118-acre lot. The planned layout provides 4 bedrooms, 2 full baths, and 4 half baths, along with a centralized kitchen, separate dining room, and executive office. A commercial fire sprinkler system and advanced fire alarm system are included among the property improvements.
The building is located at 907 E Humbolt Street in Fort Worth’s Historic Southside and is served by public water and public sewer. Construction materials include concrete and wood siding, with tile and vinyl flooring, central heating and central air conditioning. Parking features include a driveway, garage, and on-street parking. The property is identified as part of the area surrounding the $63 Million Evans & Rosedale Urban Village Redevelopment, where mixed-use retail, dining, and affordable housing construction is underway.
The building is located at 907 E Humbolt Street in Fort Worth’s Historic Southside and is served by public water and public sewer. Construction materials include concrete and wood siding, with tile and vinyl flooring, central heating and central air conditioning. Parking features include a driveway, garage, and on-street parking. The property is identified as part of the area surrounding the $63 Million Evans & Rosedale Urban Village Redevelopment, where mixed-use retail, dining, and affordable housing construction is underway.
Key Highlights
- 2,692 total SF, including 2,489 SF under AC
- 0.118‑acre lot at 907 E Humbolt Street, Fort Worth, TX 76104
- 4 bedrooms, 2 full baths, and 4 half baths
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
8.35%
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 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.9K
$855.7K – $1.14M
NOI $68,452 @ 7.0% cap · market cap 13.97%
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 residential-care property with bedrooms, multiple baths, kitchen, dining room, and administrative office space.
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 $489,999.
What are key features of this property?
This property features: 2,692 total SF, including 2,489 SF under AC; 0.118‑acre lot at 907 E Humbolt Street, Fort Worth, TX 76104; 4 bedrooms, 2 full baths, and 4 half baths
