Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Cherry Ln White Settlement, TX 76116

    Sponsored
    For Sale
    $3,859,634

    Prime Commercial Land - Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 10.74-acre commercial land parcel presents a remarkable investment opportunity in the thriving Benbrook, Texas market. Located on South Cherry Lane in Tarrant County, this property boasts convenient access to major transportation arteries, including Loop 820 and Interstate 30, placing it less than a half-mile from I-30, approximately 10 minutes from Downtown Fort Worth, and within a 30-minute drive of DFW Airport. The property's zoning designation, E & ER, allows for a variety of commercial uses, making it ideal for medical facilities, retail establishments, schools, or other related services. Its strategic location across from a USPS office on Cherry Lane further enhances its visibility and accessibility. The asking price is $3,859,634, translating to a land value of $8.25 per square foot. This property offers significant potential for development and strong returns, given its size, location, and permitted zoning within the desirable southwest Fort Worth submarket of the Dallas/Fort Worth metroplex. The property's address is S Cherry Ln, Benbrook, TX 76116, and its cross street is Slocum Ave. This is a rare opportunity to acquire a substantial commercial land parcel in a high-growth area with excellent infrastructure and accessibility.

    Property Features for 0 Cherry Ln

    General Information

    Property type
    Land
    Lot Size
    467,834 SF

    We can help!

    Listing Contact
    Russ Webb
    Russ Webb

    Learn more

    Property Insight Report

    HighLights

    • High‑profile Cherry Lane frontage.
    • Excellent SW Fort Worth location, minutes from I‑30 and downtown Fort Worth.
    • Prominent location directly across from a USPS office.
    • Zoned for medical, retail, and educational uses (City of Fort Worth "E" and some "EM" zoning).
    • Convenient access via Slocum Avenue.
    • Dallas/Fort Worth market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    White Settlement
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4517742
    Latitude
    32.7416145

    Nearby Similar for Sale

    • $579,000
      0.31 Acres

      Updated Quadruplex in White Settlement

      Updated quadruplex offers a great investment opportunity in White Settlement.
      8113 Foxfire Ln, White Settlement, TX 76108
      View Details
    • $550,000

      Two-Level Autominium in White Settlement

      Luxury living with garage-style functionality near Fort Worth.
      1400 N Las Vegas Trl, White Settlement, TX 76108
      View Details
    • $495,000
      1,904 SF

      Luxury Condo Warehouse with Loft

      Versatile condo unit perfect for storage, office, or warehouse.
      1400 N Las Vegas Trl, White Settlement, TX 76108
      View Details
    • $589,000
      1,904 SF

      Premium Garage Suite with Office

      Exclusive garage suite suitable for storage, office, and recreational use.
      1400 N Las Vegas Trl, White Settlement, TX 76108
      View Details
    • New
      $204,000
      0.16 Acres

      Duplex in White Settlement, TX

      Two-unit rental property near community center and city hall.
      8112 Melrose St E, White Settlement, TX 76108
      View Details
    • $475,000
      1,496 SF

      Premium Finished Office/Car Condo

      Luxurious office/living space with full kitchen and mezzanine level.
      1400 N Las Vegas Trl, White Settlement, TX 76108
      View Details
    • New
      $209,900
      0.06 Acres

      Duplex in White Settlement, TX

      Full duplex with one bedroom and one bath per side.
      8136 Carlos St, White Settlement, TX 76108
      View Details
    • $1,100,000
      0.29 Acres

      Two-Story Office Building For Sale

      Two-story office building with flexible layout and high visibility.
      2030 S Las Vegas Trl, White Settlement, TX 76108
      View Details
    • $399,900
      0.37 Acres

      White Settlement Commercial Property For Sale

      Commercial property in White Settlement, TX, suitable for retail or office.
      512 N Cherry Ln, White Settlement, TX 76108
      View Details
    • $12,905,000
      105,173 SF

      100% Leased Fort Worth Shopping Center

      105,173 SF shopping center with national brand anchor tenant.
      1701-1705 S Cherry Ln, White Settlement, TX 76108
      View Details
    • $439,000
      0.31 Acres

      Established Car Wash Business Opportunity

      Self-serve car wash with redevelopment potential in a growing submarket.
      8336 White Settlement Rd, White Settlement, TX 76108
      View Details
    • $565,000

      Renovated Fourplex on Corner Lot

      Fully renovated fourplex with strong rental income potential.
      1625 Mary K Ln, White Settlement, TX 76108
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land - Excellent Location
    Where is this land located?
    The property is located at Cherry Ln White Settlement, TX.
    What is the asking price?
    The asking price for this property is $3,859,634.
    What are key features of this property?
    This property features: High-profile Cherry Lane frontage.; Excellent SW Fort Worth location, minutes from I-30 and downtown Fort Worth.; Prominent location directly across from a USPS office.
    (817) 849-8282
    Request Owner's contact information
    Cherry Ln White Settlement, TX 76116
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Cherry Ln
    White Settlement, TX 76116
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Cherry Ln White Settlement, TX 76116
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Russ Webb
    Russ Webb
    Real Estate License ID: TX 0488983
    (817) 849-8282
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.