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Property profile

500 Katy Rd Fort Worth, TX 76244

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 32,510 square foot commercial land parcel is ideally situated at the northeast corner of Katy Road and Keller Hicks Road in Fort Worth, Texas, zip code 76244. Priced at $400,000 ($12.30 per square foot), this property presents a unique investment opportunity in a thriving area. The land is zoned "Katy Road," a mixed-use designation allowing for a variety of commercial and industrial uses. A detailed list of permitted uses is available upon request. Utilities are readily available on-site. This location benefits from its proximity to the Golden Triangle (a quarter-mile to the south) and Highway 377 (just to the east), ensuring high visibility and accessibility. A significant new D.R. Horton development is currently under construction directly across the street, further enhancing the area's growth potential. The property's strategic location makes it particularly well-suited for a convenience store, car wash, or restaurant. Please note that the billboard and access easement on the southern corner are excluded from this sale. This is a rare opportunity to acquire a substantial commercial lot in a rapidly developing area of Fort Worth.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

500 Katy Rd Fort Worth, TX 76244
Fort Worth metro
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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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