Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5059 River Oaks Blvd. River Oaks, TX 76114

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land available on River Oaks Blvd, River Oaks, TX.

    Type:Land
    Added:
    Aug 14, 2019
    Days on Market:
    2445
    Last Refresh:
    Mar 16 at 12:50 pm

    Property Features for 5059 River Oaks Blvd.

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Nathan Vasseur

    Listing agent Nathan Vasseur License #TX

    Listing office Team & Vasseur

    Listing date Aug 14, 2019

    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 Team & Vasseur

    Overview

    Commercial Land on River Oaks

    This commercial land is located on the south side of River Oaks Boulevard, approximately 1/4 mile north of Roberts Cut Off and 3/4 mile south of Jacksboro Highway/199. The property has utilities available. It experiences an estimated traffic volume of 15,000 vehicles per day on River Oaks Boulevard. The entire lot is offered for $495,000, with an alternative option to purchase the front portion for $415,000. The land is divisible to approximately 30,823 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    River Oaks
    County
    Tarrant
    State
    Texas
    Longitude
    -97.391906
    Latitude
    32.77961

    Nearby Similar for Sale

    • $1,200,000

      Adaptable Property in River Oaks

      Highly visible, high-traffic location suitable for various professional services.
      905 Roberts Cut Off, River Oaks, TX 76114
      View Details
    • $490,000

      Prime Land in River Oaks

      Exceptional 0.673-acre land for residential redevelopment in River Oaks, TX.
      5550 Baylor Avenue, River Oaks, TX 76114
      View Details
    • $354,900

      River Oaks Brick Duplex

      Clean duplex in River Oaks, TX with income potential.
      921 Cody Court, River Oaks, TX 76114
      View Details
    • $549,000

      River Oaks Retail Opportunity

      Hard corner retail opportunity in River Oaks, Texas.
      5149 River Oaks Boulevard, River Oaks, TX 76114
      View Details
    • $490,000

      Prime Land in River Oaks

      Residential redevelopment opportunity in a sought-after Fort Worth community.
      5550 Baylor Avenue, River Oaks, TX 76114
      View Details
    • $490,000

      Land For Sale

      Land available at the corner of Baylor and Cambridge.
      5550 Baylor Avenue, River Oaks, TX 76114
      View Details
    • $1,130,000
      3,370 SF

      Retail Space Below Replacement Cost

      Retail space for sale at an attractive price point.
      4913 Ohio Garden Rd, River Oaks, TX 76114
      View Details
    • $495,000

      Land on River Oaks Boulevard

      Land available on River Oaks Blvd, River Oaks, TX.
      5059 River Oaks Blvd, River Oaks, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available on River Oaks Blvd, River Oaks, TX.
    Where is this commercial land located?
    The property is located at 5059 River Oaks Blvd. River Oaks, TX.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Divisible to +/- 30,823 SF; Utilities available; High traffic count: +/- 15,000 vehicles per day on River Oaks Blvd.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nathan Vasseur
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!