Multi-Tenant Retail Center with
9701 Harmon Rd Fort Worth, TX 76177
9701 Harmon Rd, Fort Worth, TX, 76177
$7,880,000
For Sale
$7,880,000
Fully occupied multi-tenant retail center anchored by WellMed, constructed in 2018 with triple-net leases and renewal options.
Property Size17,708 SF
Lot Size3.42 Acres
Price / SF$444
Days on Market111
Property Features for 9701 Harmon Rd
General Information
- Standard status
- Active
- Size
- 17,708 SF
- Lot size
- 3.42 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2018
Listing agency
Dallas Office
(972) 755-5225
Listed by
Philip Levy · License #TX: 0522087
(972) 755-5225
Source
Marcusmillichap
Added: Apr 4 Updated: Jul 23 at 2:13AM Checked: Jul 23 at 2:39AM
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 Dallas Office
Investment Insights
Based on property information with market context.
Harmon Village is a fully occupied, 17,708-square-foot multi-tenant retail center with a tenant mix that includes WellMed, Bella Smiles Dental, and Donut King. The center was constructed in 2018 and is leased on a triple-net basis; all leases include options for renewal. The property sits on approximately 3.42 acres with a concrete parking lot.
The center is located on Harmon Road near the roundabout intersection with Heritage Trace Parkway, with close proximity to Interstate 35 West. The data provided indicates that Interstate 35 West carries more than 104,141 vehicles per day. Harmon Village is also less than a mile from The Citadel, a master planned development currently under construction, and near AllianceTexas, a 27,000-acre master-planned development described as a major regional employment hub.
This offering presents a stabilized retail investment with existing tenancy in place under NNN lease structures featuring renewal options.
The center is located on Harmon Road near the roundabout intersection with Heritage Trace Parkway, with close proximity to Interstate 35 West. The data provided indicates that Interstate 35 West carries more than 104,141 vehicles per day. Harmon Village is also less than a mile from The Citadel, a master planned development currently under construction, and near AllianceTexas, a 27,000-acre master-planned development described as a major regional employment hub.
This offering presents a stabilized retail investment with existing tenancy in place under NNN lease structures featuring renewal options.
Key Highlights
- 2018‑built, 17,708 SF fully occupied multi‑tenant retail center anchored by WellMed
- Triple‑net leases with renewal options for all tenants
- Approximately 3.42 acres with a concrete parking lot
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $427.1k | $24.12 |
| − Vacancy | −$20.5k | −$1.16 |
| EGI | $406.6k | $22.96 |
| − OpEx | −$122.0k | −$6.89 |
| NOI | $284.6k | $16.07 |
17,708 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.07M
$3.56M – $4.74M
NOI $284,631 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,279 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bella Smiles Dental
Dental Office
USMD Health System
Physician
Karla D Douglas, ...
Physician
Scarlett Marie Nerios, ...
Physician
Amanda Brooke Hall, ...
Pediatrician
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FAQs
What type of property is this?
Shopping center - Fully occupied multi-tenant retail center anchored by WellMed, constructed in 2018 with triple-net leases and renewal options.
Where is this shopping center located?
The property is located at 9701 Harmon Rd Fort Worth, TX.
What is the asking price?
The asking price for this property is $7,880,000.
What are key features of this property?
This property features: 2018‑built, 17,708 SF fully occupied multi‑tenant retail center anchored by WellMed; Triple‑net leases with renewal options for all tenants; Approximately 3.42 acres with a concrete parking lot
