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    Industrial Redevelopment Warehouse Title is generated by Realmo AI

    917 Woodward St, Fort Worth, TX 76107

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    Industrial property for sale near a major Fort Worth mixed-use redevelopment corridor.

    Type:Retail, Industrial
    Property size:
    3,258 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $305/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 3:23 am

    Property Features for 917 Woodward St

    General Information

    Standard status
    Active
    Size
    3,258 SF
    Lot size
    0.34 Acres
    Property subtype
    Retail, Industrial

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Link Karlen
    Link Karlen

    Listing agent Link Karlen License #TX 0736507

    Listing office KW Commercial Texas

    Listing date Jun 2, 2026

    Source Crexi

    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 KW Commercial Texas

    HighLights

    • 3,258 SF industrial commercial property for sale
    • Built in 1963
    • Sits on approximately 0.34 acres
    • Located near Fort Worth’s Panther Island multi‑billion‑dollar flood control and mixed‑use redevelopment initiative
    • Proposed canal system and future canal positioning may depend on final approvals and development execution

    Overview

    This for-sale industrial commercial property totals approximately 3,258 SF and sits on about 0.34 acres. The offering is presented as a redevelopment opportunity, suitable for investors, developers, or owner-users evaluating the existing industrial footprint and future repositioning plans.

    The property is located at 917 Woodward St in Fort Worth, TX 76107, within the broader area referenced in the public remarks as being near the Panther Island redevelopment initiative. Panther Island is described as a multi-billion-dollar flood control and mixed-use redevelopment effort intended to create a 300-acre waterfront district, including canals, parks, residential development, and future commercial space. Public remarks also note the possibility of future canal adjacency depending on final approvals and development execution.

    For buyers looking for a redevelopment-focused industrial asset, this property’s existing warehouse scale and on-site land size may support a variety of industrial and commercial reuse directions, subject to applicable approvals. The current offering is positioned for those seeking long-term involvement in an evolving corridor where redevelopment activity could shape future demand for compatible space.

    Local Financial Insights For Retail

    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 $78.6k $24.12
    − Vacancy −$3.8k −$1.16
    EGI $74.8k $22.96
    − OpEx −$22.4k −$6.89
    NOI $52.4k $16.07
    3,258 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $748.1K
    $654.6K – $872.8K (±1% cap)
    NOI $52,368 @ 7.0% cap · market cap 5.26%
    Second Best
    Warehouse
    $322.2K
    $282.0K – $375.9K (±1% cap)
    NOI $22,556 @ 7.0% cap · market cap 2.27%
    Theoretical Best
    Office A
    $1.18M
    $1.04M – $1.38M (±1% cap)
    NOI $82,844 @ 7.0% cap · market cap 8.33%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bransom Floor Services ... Carpet & Flooring Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Similar Places Nearby

    • Ulrich Barns Corporate Office — 100 Pier 1 Pl, Fort Worth, TX 76102
    • Neighbor Fleet Parking — 2600 W 7th St, Fort Worth, TX 76107
    • Self Storage — 608 houston st, fort worth, tx 76102
    • Near-By Storage Units — 608 Houston St, Fort Worth, TX 76102, United States
    • Near Me Self Storage Units — 2708 Museum Way, Fort Worth, TX 76107

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3432527
    Latitude
    32.7603359

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    FAQs

    What type of property is this?
    Warehouse - Industrial property for sale near a major Fort Worth mixed-use redevelopment corridor.
    Where is this warehouse located?
    The property is located at 917 Woodward St Fort Worth, TX.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 3,258 SF industrial commercial property for sale; Built in 1963; Sits on approximately 0.34 acres
    (817) 920-7770 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Link Karlen
    Link Karlen
    Real Estate License ID: TX 0736507
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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