Industrial Redevelopment
For Sale
Contact for pricing
917 Woodward St, Fort Worth, TX 76107
Industrial property for sale near a major Fort Worth mixed-use redevelopment corridor.
Property Size3,258 SF
Lot Size0.34 Acres
Price / SF$305.40
Days on Market96
Property Features for 917 Woodward St
General Information
Standard status
Active
Size
3,258 SF
Lot size
0.34 Acres
Property subtype
Retail, Industrial
Zoning
PI-N-2
Occupancy
100%
Lease Type
Gross
Investment Type
Redevelopment
Building Details
Year Built
1963
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
KW Commercial Texas
Listed By:
Link Karlen · License #TX 0736507
(817) 920-7770
Source:
Crexi
Added: Jun 2
Changed: Aug 23
Last Checked: Aug 30 at 3:35PM
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
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 3,258 SF industrial commercial property for sale
- Built in 1963
- Sits on approximately 0.34 acres
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
$52,368
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
5.26%
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%
$1,047,360
$1.0M
Cap Rate 7%
$748,114
$748.1K
Cap Rate 9%
$581,867
$581.9K
Market Conditions
NOI Build-Up for 3,258 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
$78.6K $24.12/SF
− Vacancy
−$3.8K −$1.16/SF
EGI
$74.8K $22.96/SF
− OpEx
−$22.4K −$6.89/SF
NOI
$52.4K $16.07/SF
Area
Fort Worth, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
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%
$1,047,360
Cap Rate 7%
$748,114
Cap Rate 9%
$581,867
Alternative Uses
Best Use
Retail
$748.1K
$654.6K – $872.8K
NOI $52,368 @ 7.0% cap · market cap 5.26%
Second Best
Warehouse
$322.2K
$282.0K – $375.9K
NOI $22,556 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,844 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,127
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76107, TX
31,591
Population
17,957
Households
1.8
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
10.7 sq mi
ZIP Area
2,952
Density / Sq Mi
$79,473
Median Household Income
$54,461
Median Earnings
$1,501
Median Rent
$431,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Near Me Self Storage Units — 2708 Museum Way, Fort Worth, TX 76107
- Neighbor Fleet Parking — 2600 W 7th St, Fort Worth, TX 76107
- Ulrich Barns Corporate Office — 100 Pier 1 Pl, Fort Worth, TX 76102
- Self Storage — 608 houston st, fort worth, tx 76102
- Near-By Storage Units — 608 Houston St, Fort Worth, TX 76102, United States
Frequently Asked Questions
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
