Property profile

1201 Mcpherson Rd Fort Worth, TX 76140

OFF-MARKET
Assisted living facilities
73 ac lot
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Property summary

AI-generated overview

This exceptional 73-acre commercial land parcel presents a remarkable development opportunity in Fort Worth, Texas. Located at 1201 McPherson Rd, 76140, this property boasts a prime location, offering convenient access to major transportation arteries including I-35 and I-20. The land is zoned for multi-family, duplex residential, and E-Neighborhood Commercial uses, providing significant flexibility for diverse development projects. A stunning six-acre lake, known as Equus Lake Village, is a key feature, enhancing the property's appeal and offering unique development possibilities. The gently sloping terrain, interspersed with trees surrounding the lake, creates a picturesque setting. The property's strategic location places it within close proximity to numerous amenities and employment centers, including Alcon, a new Amazon station, Miller Brewery, the Majestic Office Warehouse project (6 million square feet), Huguley Hospital, downtown Fort Worth, and the hospital district (approximately 15 minutes away), two regional shopping malls, and a major regional power center. Further enhancing its desirability, the property is bordered by existing residential developments to the west and east, a planned park to the east, and a planned elementary school to the west. Road expansion is planned, further improving accessibility. The asking price for this exceptional development opportunity is $15,000,000. All utilities are available.

Property profile

Verified
Property type Assisted living facilities
Lot 73 ac (3,179,880 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Construction Company

Location

1201 Mcpherson Rd Fort Worth, TX 76140
Fort Worth metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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