Fort Worth Redevelopment
For Sale
Contact for pricing
950 W Rosedale St, Fort Worth, TX 76104
2,703 SF retail building in revitalized Near Southside District.
Property Size2,703 SF
Lot Size0.22 Acres
Price / SF$480.95
Days on Market908
Property Features for 950 W Rosedale St
General Information
Standard status
Active
Size
2,703 SF
Lot size
0.22 Acres
Property subtype
Retail
Zoning
NS-T5
Investment Type
Redevelopment
Building Details
Year Built
1976
Buildings
1
Stories
1
Units
2
Listing Agency:
Colonial Commercial Real Estate LLC
(817) 632-6200
Listed By:
Michael Berkowitz · License #9001810
Source:
Crexi
Added: Feb 28, 2024
Changed: Aug 14
Last Checked: Aug 14 at 7:20AM
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 Colonial Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
Located at 950 W Rosedale St in Fort Worth, TX, this 2,703 SF building presents a prime redevelopment opportunity in the Near Southside District. The property, currently 100% leased but with the tenant vacating upon sale, is situated a few blocks from West Magnolia and less than a mile from Texas Health Resources and TCU's new Burnett School of Medicine. The building, constructed in 1976, sits on a 0.22 AC lot with 82 FT of frontage on W Rosedale St. Zoned NS-T5, the property allows almost all uses, offering flexible redevelopment options. The location experiences high traffic, with over 25,000 vehicles per day. The property is positioned on the hard corner of West Rosedale Street and Alston Avenue, providing optimal access with ingress/egress points on both streets. The site is ideal for a restaurant, service station, or gas station, among many other uses. The building features an on-site kitchen, ready for immediate use or redevelopment. This well-known asset has been owned for more than 40 years and is primed for redevelopment, offering investors an opportunity to capitalize on the growing demand in Fort Worth's Near Southside District.
Key Highlights
- Prime Redevelopment Opportunity: Ideal for restaurant, service station, gas station, and many more uses due to NS‑T5 zoning.
- High Traffic Area: Property sees over 25,000 vehicles per day.
- Optimal Access: Located on the hard corner of West Rosedale Street and Alston Avenue with ingress/egress points on both streets.
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
$43,447
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
3.34%
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%
$868,940
$868.9K
Cap Rate 7%
$620,671
$620.7K
Cap Rate 9%
$482,744
$482.7K
Market Conditions
NOI Build-Up for 2,703 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
$65.2K $24.12/SF
− Vacancy
−$3.1K −$1.16/SF
EGI
$62.1K $22.96/SF
− OpEx
−$18.6K −$6.89/SF
NOI
$43.4K $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%
$868,940
Cap Rate 7%
$620,671
Cap Rate 9%
$482,744
Alternative Uses
Best Use
Retail
$620.7K
$543.1K – $724.1K
NOI $43,447 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$981.9K
$859.2K – $1.15M
NOI $68,732 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 76104, TX
21,571
Population
9,605
Households
2.2
Avg Household Size
32
Median Age
21%
College-Educated
74%
High-School Grad
5.9 sq mi
ZIP Area
3,656
Density / Sq Mi
$56,848
Median Household Income
$38,131
Median Earnings
$1,385
Median Rent
$145,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,703 SF retail building in revitalized Near Southside District.
Where is this retail space located?
The property is located at 950 W Rosedale St Fort Worth, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime Redevelopment Opportunity: Ideal for restaurant, service station, gas station, and many more uses due to NS‑T5 zoning.; High Traffic Area: Property sees over 25,000 vehicles per day.; Optimal Access: Located on the hard corner of West Rosedale Street and Alston Avenue with ingress/egress points on both streets.
