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    9500 Westpoint Blvd Fort Worth, TX 76108

    For Sale
    Contact for pricing

    10.28 Acres, High-Density Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10.28-acre commercial land parcel, located at 9500 Westpoint Boulevard in Fort Worth, Texas, presents a compelling investment opportunity. The property boasts a desirable "D" zoning designation, allowing for high-density development with a potential of 32 dwelling units per acre, making it ideally suited for a multifamily apartment complex. Its strategic location offers significant advantages, situated adjacent to established multifamily developments like Palladium Fort Worth and Westpoint at Scenic Vista. The site benefits from proximity to major employment hubs, including Lockheed Martin and Naval Air Station-Joint Reserve Base, with a substantial workforce of 812,000 jobs within a 30-minute commute. The surrounding area demonstrates strong market performance, exhibiting a five-year submarket occupancy rate of 95.1% and rent growth of 5.2%. Furthermore, the property is conveniently zoned within the White Settlement Independent School District and is less than two miles from All Saints Episcopal School, enhancing its appeal to potential residents. The property's APN is 42979291 and the zip code is 76108. This prime location and favorable zoning regulations create an exceptional opportunity for developers seeking to capitalize on the robust Fort Worth real estate market. The property is situated in Tarrant County.

    Property Features for 9500 Westpoint Blvd

    General Information

    Property type
    Land
    Lot Size
    447,797 SF

    HighLights

    • 10.28‑acre commercial land parcel in Fort Worth, TX, zoned "D" for high‑density development (32 units/acre), ideal for multifamily.
    • Minutes from Lockheed Martin & Naval Air Station JRB, 812,000 jobs within a 30‑minute commute.
    • Strong submarket performance: 95.1% occupancy and 5.2% rent growth over five years.
    • Located in White Settlement ISD, less than two miles from All Saints Episcopal School.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.48451
    Latitude
    32.745394

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    FAQs

    What type of property is this?
    Land - 10.28 Acres, High-Density Zoning
    Where is this land located?
    The property is located at 9500 Westpoint Blvd Fort Worth, TX.
    What are key features of this property?
    This property features: 10.28-acre commercial land parcel in Fort Worth, TX, zoned "D" for high-density development (32 units/acre), ideal for multifamily.; Minutes from Lockheed Martin & Naval Air Station JRB, 812,000 jobs within a 30-minute commute.; Strong submarket performance: 95.1% occupancy and 5.2% rent growth over five years.
    Request Owner's contact information
    9500 Westpoint Blvd Fort Worth, TX 76108
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    Realmo Value Estimation

    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.

    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.

    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
    9500 Westpoint Blvd Fort Worth, TX 76108
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