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    6605 Meadowbrook Dr Fort Worth, TX 76112

    • Retail properties
    • 49,151 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metro by T-Mobile / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 6605 Meadowbrook Dr

    Year built
    1960
    Property size
    49,151 SF
    Property type
    Retail properties

    Description

    This exceptional 49,151 square foot retail center, situated on a 5.35-acre lot in desirable Fort Worth, Texas, presents a compelling investment opportunity. Built in 1960, the single-story building boasts 253 parking spaces, ensuring ample customer convenience. The property features four available spaces ranging from 1,840 to 4,692 square feet, ideal for a variety of retail or office uses. Located at 6605 Meadowbrook Dr, near Handley Dr in Tarrant County (zip code 76112), this center benefits from a high-traffic corner location and excellent ingress/egress. The spaces offer attractive features including glass storefronts and are considered second-generation space. Monthly lease rates are affordable, starting at $1900, but do not include utilities, property expenses, or building services. This property offers a unique blend of established location and flexible space, making it an attractive option for businesses seeking a strong foothold in a thriving Fort Worth market. The property is easily accessible and offers ample parking for customers and employees. The previous tenant was a tax office, suggesting suitability for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2158
    Latitude
    32.7471

    Comparable in this City

    • Value Estimation by Request
      49,151 SF

      6605 Meadowbrook Dr

      Lifestyle centers • 49,151 SF
      6605 Meadowbrook Dr, Fort Worth, TX 76112
      View Details
    • Value Estimation by Request
      30,400 SF

      6532 Meadowbrook Dr

      Retail properties • 30,400 SF
      6532 Meadowbrook Dr, Fort Worth, TX 76112
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    • Value Estimation by Request
      115,578 SF

      6729 Bridge St

      Retail properties • 115,578 SF
      6729 Bridge St, Fort Worth, TX 76112
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    • Value Estimation by Request
      6,860 SF

      2220 Handley Dr

      Lifestyle centers • 6,860 SF
      2220 Handley Dr, Fort Worth, TX 76112
      View Details
    • Value Estimation
      $275,000
      250 SF

      6451 Lancaster Ave

      BAR, TAVERN • 250 SF
      6451 Lancaster Ave, Fort Worth, TX 76112-7030
      View Details
    • Value Estimation
      $275,000
      1,260 SF

      6519 Lancaster Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,260 SF
      6519 Lancaster Ave, Fort Worth, TX 76112-7006
      View Details

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      Restaurant Space on Meadowbrook Drive

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      Established Car Wash Business Opportunity

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    Similar Nearby for Lease

    • $13 SF/Yr
      1,360 SF

      Retail Space on Bridge Street

      Retail space available for lease in Fort Worth, Texas.
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    • $1,300 /Mo
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      Versatile Commercial Space in Fort Worth

      High-visibility commercial space suitable for office, retail, or warehouse.
      5825 East Lancaster Ave, Fort Worth, TX 76112
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    • $6 SF/Yr
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      Retail Space on Meadowbrook Drive

      Retail space available for lease in Fort Worth, TX.
      6605-6719 Meadowbrook Dr, Fort Worth, TX 76112
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    • $1,000 /Mo
      12,589 SF

      Retail/Office Space For Lease

      Move-in ready retail or office space with high traffic exposure.
      6436 Meadowbrook Dr, Fort Worth, TX 76112
      View Details
    • $14 SF/Yr
      3,277 SF

      Retail Space on Meadowbrook Drive

      Retail space available for lease in Fort Worth, Texas.
      6532-6546 Meadowbrook Dr, Fort Worth, TX 76112
      View Details
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    Fort Worth, TX 76112
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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.

    More about this property
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