Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3548 Hills Ave Fort Worth, TX 76109
    Back to Search
    Property profile & analytics

    3548 Hills Ave, Fort Worth, TX 76109

    View on Map
    • Lifestyle centers
    • 136,185 SF
    • 10.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Batter & Beans / Bakery / Discount Store
    • KeyExpress Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • The Pool Depot / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
    • post office / Post Office

    Property Details for 3548 Hills Ave

    Year built
    1955
    Lot size
    10.30 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Westcliff Shopping Center, located at 3548 S Hills Ave, Fort Worth, TX 76109, presents a unique investment opportunity. This 136,185 square foot shopping center, built in 1955 and renovated in 1999, sits on a 10.3-acre lot and is zoned Neighborhood Commercial “E”. The property offers multiple tenancy options with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 10,800 square feet. Currently, 16,806 square feet of space is vacant, providing immediate opportunities for expansion or new tenants. Its strategic location, just three blocks from Texas Christian University and adjacent to new condominiums, ensures high visibility and foot traffic. The surrounding area boasts excellent schools, including Tanglewood and Westcliff Elementary, McLean Middle School, and Paschal High School, contributing to a strong family-oriented demographic. Furthermore, its proximity to major attractions like the Fort Worth Zoo and Colonial Country Club (home of the Charles Schwab Challenge) and its convenient access to I-20 and I-30, providing easy access to the entire DFW metroplex, enhances its appeal. This property offers a blend of established presence and growth potential in a desirable Fort Worth location.

    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
    -97.368
    Latitude
    32.6967

    Comparable in this City

    • Value Estimation
      $2,210,000
      92,247 SF

      3150 Hulen St

      MINI-MALL
      3150 Hulen St, Fort Worth, TX 76109-1925
      View Details
    • Value Estimation
      $3,830,000
      113,593 SF

      3140 Hulen St

      MINI-MALL
      3140 Hulen St, Fort Worth, TX 76109-1925
      View Details
    • Value Estimation by Request
      6,840 SF

      2817 Berry St

      SHOPPING CENTER, STRIP CENTER
      2817 Berry St, Fort Worth, TX 76109-2303
      View Details
    • Value Estimation by Request
      14,998 SF

      3509 Blue Bonnet Cir

      SHOPPING CENTER, STRIP CENTER
      3509 Blue Bonnet Cir, Fort Worth, TX 76109-2956
      View Details
    • Value Estimation by Request
      6,030 SF

      3107 Greene Ave

      SHOPPING CENTER, STRIP CENTER
      3107 Greene Ave, Fort Worth, TX 76109-2319
      View Details
    • Value Estimation by Request
      7,832 SF

      2709 Berry St

      SHOPPING CENTER, STRIP CENTER
      2709 Berry St, Fort Worth, TX 76109-2346
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property on South Hulen

      Retail property for sale on South Hulen Street, Fort Worth.
      4300-4375 S Hulen St, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      2,553 SF

      Freestanding Drive-Thru Restaurant Building

      2,553 SF drive-thru building with frontage on Bryant Irvin Rd.
      4100 Bryant Irvin Rd, Fort Worth, TX 76109
      View Details
    • Contact for pricing

      Land Available For Ground Lease

      Land available for ground lease.
      4260 Bryant Irvin Rd, Benbrook, TX 76109
      View Details
    • $699,000
      0.14 Acres

      Updated Triplex Near TCU

      A flexible triplex with updated units and permit parking, offering strong income potential for investors or owner-occupants.
      3148 Rogers Ave, Fort Worth, TX 76109
      View Details
    • $649,999
      0.42 Acres

      Residential Land in Stonegate Neighborhood

      Land ready for custom home in gated Fort Worth neighborhood.
      2889 Oakbriar Trl, Fort Worth, TX 76109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      634 SF

      Six-Story Office Near TCU

      19,977 SF office building adjacent to TCU.
      3113 S University Dr, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      1,462 SF

      Retail Space in Waterside Development

      3,900 SF end cap available in mixed-use development.
      5924 Convair Dr, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      1,757 SF

      Retail Space in Mixed-Use Development

      Retail spaces available in a 63-acre mixed-use development.
      3700-3720 Vision Dr, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      2,914 SF

      Retail Space in Fort Worth

      Tom Thumb-anchored retail center with strong national retailers.
      3000-3100 S Hulen St, Fort Worth, TX 76109
      View Details
    • Contact for pricing

      Established Medical Space in Fort Worth

      Second-generation medical space in high-traffic Fort Worth location.
      4325 S Hulen St, Fort Worth, TX 76109
      View Details
    • Contact for pricing

      Six-Story Office Tower Near TCU

      Office and retail spaces available near Texas Christian University.
      3113 S University Dr, Fort Worth, TX 76109
      View Details
    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.
    3548 Hills Ave
    Fort Worth, TX 76109
    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

    Thank You for Inquiry
    3548 Hills Ave, Fort Worth, TX, 76109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!