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    2220 Handley Dr Fort Worth, TX 76112

    • Lifestyle centers
    • 6,860 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Juicy's Soul Food Cafe / Restaurant

    Property Details for 2220 Handley Dr

    Year built
    1972
    Property size
    6,860 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This 6,860 square foot shopping center in Fort Worth, Texas, presents a compelling investment opportunity. Priced at $743,257, it boasts a strong 8.37% cap rate and a net operating income (NOI) of $62,228. The property, built in 1972 and situated on a sizable 33,323 square foot lot, offers ample parking. Recent improvements include renovated electrical units and newly installed HVAC systems. Located at the signalized intersection of Meadowbrook Drive and Handley Road, less than half a mile from I-820 (with over 61,000 vehicles per day), this center benefits from high visibility and convenient access. The tenant mix includes a diverse range of businesses, including Juicy's Soul Food, Titi Zakaria Ri, and Tropical Fish, shadow-anchored by Supreme Hair & Beauty. The area features strong demographics and a robust retail corridor with numerous national credit tenants such as CVS Pharmacy, Texaco, O'Reilly Auto Parts, McDonald's, Dollar General, Taco Bell, and Auto Zone. Current leases offer below-market rent, presenting significant upside potential for increased revenue. This is a gross lease property with multiple tenants. The asking price is $108.35 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2164
    Latitude
    32.7466

    Comparable in this City

    • Value Estimation by Request
      49,151 SF

      6605 Meadowbrook Dr

      Lifestyle centers • 49,151 SF
      6605 Meadowbrook Dr, Fort Worth, TX 76112
      View Details
    • Value Estimation
      $1,130,000
      40,892 SF

      6548 Meadowbrook Dr

      MINI-MALL • 40,892 SF
      6548 Meadowbrook Dr, Fort Worth, TX 76112-5125
      View Details
    • Value Estimation
      $610,000
      20,802 SF

      5650 Meadowbrook Dr

      SHOPPING CENTER, STRIP CENTER • 20,802 SF
      5650 Meadowbrook Dr, Fort Worth, TX 76112-4959
      View Details
    • Value Estimation by Request
      4,466 SF

      5500 Brentwood Stair Rd

      SHOPPING CENTER, STRIP CENTER • 4,466 SF
      5500 Brentwood Stair Rd, Fort Worth, TX 76112-2968
      View Details
    • Value Estimation by Request
      9,400 SF

      1001 Woodhaven Blvd

      SHOPPING CENTER, STRIP CENTER • 9,400 SF
      1001 Woodhaven Blvd, Fort Worth, TX 76112-1935
      View Details
    • Value Estimation by Request
      8,556 SF

      5909 Lancaster Ave

      SHOPPING CENTER, STRIP CENTER • 8,556 SF
      5909 Lancaster Ave, Fort Worth, TX 76112-6532
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Fort Worth Restaurant - Owner/Operator

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      Retail Investment Opportunity in Fort Worth

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      Albertsons NNN Property For Sale

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      Commercial property in Fort Worth, TX, with immediate cash flow.
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    Similar Nearby for Lease

    • $13 SF/Yr
      1,360 SF

      Retail Space on Bridge Street

      Retail space available for lease in Fort Worth, Texas.
      6729-6759 Bridge St, Fort Worth, TX 76112
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    • $1,300 /Mo
      1,100 SF

      Versatile Commercial Space in Fort Worth

      High-visibility commercial space suitable for office, retail, or warehouse.
      5825 East Lancaster Ave, Fort Worth, TX 76112
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      Former Gas Station/Convenience Store Available

      Former gas station/convenience store with kitchen, drive-thru, and coolers.
      6101 E Rosedale St, Fort Worth, TX 76112
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    • $1,000 /Mo
      12,589 SF

      Retail/Office Space For Lease

      Move-in ready retail or office space with high traffic exposure.
      6436 Meadowbrook Dr, Fort Worth, TX 76112
      View Details
    • Contact for pricing
      1,125 SF

      Retail Space on Meadowbrook Drive

      Retail space available for lease in Fort Worth, TX.
      6605-6719 Meadowbrook Dr, Fort Worth, TX 76112
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    • $14 SF/Yr
      3,277 SF

      Retail Space on Meadowbrook Drive

      Retail space available for lease in Fort Worth, Texas.
      6532-6546 Meadowbrook Dr, Fort Worth, TX 76112
      View Details
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    2220 Handley Dr
    Fort Worth, TX 76112
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    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
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