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

    SWQ of Heritage Trace Parkway & Harmon Road Fort Worth, TX 76131

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

    9.307 acres of land in Fort Worth, Texas.

    Type:Land
    Lot size:
    9.31 Acres
    Added:
    Jun 25, 2018
    Days on Market:
    2863
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for SWQ of Heritage Trace Parkway & Harmon Road

    General Information

    Standard status
    Active
    Lot size
    9.31 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Austin Freet

    Listing agent Austin Freet License #TX 697931

    Listing office Davidson & Bogel Real Estate LLC

    Listing date Jun 25, 2018

    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 Davidson & Bogel Real Estate LLC

    Overview

    Fort Worth Land Parcel

    This property comprises 9.307 acres of land located in Fort Worth, Texas, specifically at the southwest quadrant of Heritage Trace Parkway and Harmon Road. The land is designated as land and other land.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3722
    Latitude
    32.9103

    Nearby Similar for Sale

    • $400,000

      Freestanding Retail Building in Fort Worth

      Versatile commercial space with excellent visibility and convenient location.
      2620 Vaughn Boulevard, Fort Worth, TX 76105
      View Details
    • $600,000

      Retail Opportunity in Fort Worth

      Commercial property with multiple units and business opportunities.
      2019 N Riverside Drive, Fort Worth, TX 76111
      View Details
    • $415,000
      4,612 SF

      Modern Office Condo For Sale

      Second-generation office condo with modern layout and quality finishes.
      3121 Bailey Drive, Fort Worth, TX 76177
      View Details
    • $950,000

      Fort Worth Warehouse with Office

      Commercial property with office, warehouse, and ample storage space.
      5385 Rendon Road, Fort Worth, TX 76140
      View Details
    • $700,000

      Auto Body Shop in Wedgwood

      Turnkey auto body shop with excellent Fort Worth connectivity.
      5323 Woodway Drive, Fort Worth, TX 76133
      View Details
    • $950,000

      Established Showroom on Jacksboro Highway

      Furniture showroom on busy highway with excellent frontage and access.
      2615 Jacksboro Highway, River Oaks, TX 76114
      View Details
    • $500,000

      Fort Worth Commercial Property

      Versatile commercial property suitable for various uses in Fort Worth.
      3819 Mccart Avenue, Fort Worth, TX 76110
      View Details
    • $656,000
      3,440 SF

      New Fort Worth Duplex Opportunity

      New duplex in Fort Worth, built in 2025, 8 bedrooms.
      828 Stamps Avenue, Fort Worth, TX 76114
      View Details
    • $350,000

      Expansive Lot in Fort Worth

      Large property with renovation potential for various community-focused purposes.
      5212 Goodman, Fort Worth, TX 76107
      View Details
    • $549,000

      High-Visibility Fort Worth Commercial Property

      Adaptable showroom/flex space with office in a strong commercial corridor.
      3850 South Freeway, Fort Worth, TX 76110
      View Details
    • $595,000

      Camp Bowie West Commercial Land

      One-acre commercial land with high visibility and easy highway access.
      8507 Camp Bowie West Boulevard, Fort Worth, TX 76116
      View Details
    • $1,300,000

      Versatile Commercial Building Near TCU

      Turnkey investment opportunity with bar and gym in Fort Worth.
      3717 Mccart Avenue, Fort Worth, TX 76110
      View Details

    FAQs

    What type of property is this?
    Land - 9.307 acres of land in Fort Worth, Texas.
    Where is this land located?
    The property is located at SWQ of Heritage Trace Parkway & Harmon Road Fort Worth, TX.
    What are key features of this property?
    This property features: 9.307 acres of land; Land
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austin Freet
    Real Estate License ID: TX 697931
    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!