Multi-Tenant Retail NNN
For Sale
Contact for pricing
9701 Harmon Rd, Fort Worth, TX 76177
Fully occupied 2018-built retail center on concrete parking with triple-net leases and renewal options.
Property Size17,708 SF
Lot Size3.42 Acres
Price / SF$444
Days on Market185
Property Features for 9701 Harmon Rd
General Information
Standard status
Active
Size
17,708 SF
Lot size
3.42 Acres
Property subtype
RETAIL
Occupancy
100%
Building Details
Year Built
2018
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Dallas
(972) 755-5200
Listed By:
Philip Levy · License #(S):TX:0522087-SA
(972) 755-5225
Source:
Moodyscre
Added: Apr 6
Changed: Sep 12
Last Checked: Oct 7 at 1:41PM
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 Marcus & Millichap | Dallas
Investment Insights
Based on property information with market context.
Harmon Village is a fully occupied, 17,708-square-foot, multi-tenant retail center constructed in 2018. The property is anchored by WellMed and includes tenants such as Bella Smiles Dental and Donut King. All leases are triple-net and include options for renewal.
The center is situated on approximately 3.42 acres and features a concrete parking lot.
This offering provides a modern, multi-tenant retail configuration with long-term lease structure supported by renewal options.
The center is situated on approximately 3.42 acres and features a concrete parking lot.
This offering provides a modern, multi-tenant retail configuration with long-term lease structure supported by renewal options.
Key Highlights
- 17,708‑SF, fully occupied multi‑tenant retail center in northern Fort Worth, TX
- Constructed in 2018 and built on approximately 3.42 acres
- Anchored by WellMed, with tenants including Bella Smiles Dental and Donut King
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$284,631
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,692,620
$5.7M
Cap Rate 7%
$4,066,157
$4.1M
Cap Rate 9%
$3,162,567
$3.2M
Market Conditions
NOI Build-Up for 17,708 SF
Gross rent
$427.1K $24.12/SF
− Vacancy
−$20.5K −$1.16/SF
EGI
$406.6K $22.96/SF
− OpEx
−$122.0K −$6.89/SF
NOI
$284.6K $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 Rate 5%
$5,692,620
Cap Rate 7%
$4,066,157
Cap Rate 9%
$3,162,567
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Popeyes Louisiana Kitchen
Dining
7,237 visits/mo
0.4 miles
Demographics for 76177, TX
23,001
Population
10,140
Households
2.3
Avg Household Size
32
Median Age
48%
College-Educated
98%
High-School Grad
20.6 sq mi
ZIP Area
1,117
Density / Sq Mi
$103,990
Median Household Income
$55,635
Median Earnings
$1,726
Median Rent
$349,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied 2018-built retail center on concrete parking 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: 17,708‑SF, fully occupied multi‑tenant retail center in northern Fort Worth, TX; Constructed in 2018 and built on approximately 3.42 acres; Anchored by WellMed, with tenants including Bella Smiles Dental and Donut King
