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    7120 Anderson Blvd Fort Worth, TX 76120
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    7120 Anderson Blvd, Fort Worth, TX 76120

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    • Apartment buildings
    • 240,405 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 7120 Anderson Blvd

    Year built
    2026
    Property type
    Apartment buildings

    Description

    Exceptional investment opportunity: Vic Centre Apartments, a Class A, 268-unit apartment building in Fort Worth, Texas. This stunning, newly constructed property (completion in 2026) boasts 240,405 square feet, with 197,200 square feet of net rentable space. Priced at $69,964,677 ($261,062 per unit and $291.03 per square foot), it offers a compelling 4.95% cap rate and a strong NOI of $3,463,251. The property features nine buildings and ample parking for 402 vehicles. Its prime location at 7120 Anderson Blvd, Fort Worth, TX 76120, offers exceptional visibility from the intersection of I-30 and I-820, providing easy access to downtown Fort Worth (15 minutes) and downtown Arlington (15 minutes). Anderson Blvd will undergo improvements as part of this development. Offers will be considered contingent upon project completion and issuance of a Certificate of Occupancy from the City of Fort Worth. This is a fully built project, reflecting the asking price. The property's APN is 42894113.

    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
    -97.2039
    Latitude
    32.7622

    Comparable in this City

    • Value Estimation
      $580,000
      1,096 SF

      700 Leisure Dr

      MOBILE HOME PARK, TRAILER PARK
      700 Leisure Dr, Fort Worth, TX 76120-2737
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    • Value Estimation
      $1,145,000
      1,880 SF

      6812 Randol Ml Rd

      MOBILE HOME PARK, TRAILER PARK
      6812 Randol Ml Rd, Fort Worth, TX 76120-1206
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    • Value Estimation by Request
      10.12 Acres

      1500 Cooks Ln Ft

      Land
      1500 Cooks Ln Ft, Fort Worth, TX 76120
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    • Value Estimation by Request
      1.75 Acres

      6851 Anderson Blvd

      VACANT COMMERCIAL LAND
      6851 Anderson Blvd, Fort Worth, TX 76120
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    • Value Estimation by Request
      0.78 Acres

      203 Precinct Line Rd

      VACANT COMMERCIAL LAND
      203 Precinct Line Rd, Fort Worth, TX 76120
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    • Value Estimation by Request
      8.06 Acres

      8101 Randol Ml Rd

      VACANT COMMERCIAL LAND
      8101 Randol Ml Rd, Fort Worth, TX 76120
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      240,405 SF

      Multifamily Project on I-30

      Multifamily property with high visibility, construction started, completion contingent.
      7120 Anderson Blvd, Fort Worth, TX 76120
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      19,924 SF

      Renovated Medical/Office Property For Sale

      Recently renovated medical/office property with high occupancy and value-add potential.
      6825 Manhattan Blvd, Fort Worth, TX 76120
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    • $199,000
      1.40 Acres

      Corner Unimproved Commercial Lot

      Corner unimproved commercial land suited for a small business, office, or local coffee concept near shopping and freeways.
      8050 Brentwood Stair Rd, Fort Worth, TX 76120
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    • $170,000
      0.40 Acres

      Commercial Land Development Opportunity

      A 0.40-acre commercial lot positioned for neighborhood service, medical, or small retail development in East Fort Worth.
      8200 Ederville Rd, Fort Worth, TX 76120
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    • $115,000
      40,075 SF

      Wooded Lot Near Downtown

      Heavily wooded 0.92 acre lot near downtown Fort Worth.
      225 Williams Rd, Fort Worth, TX 76120
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    • Contact for pricing
      61,300 SF

      Warehouse with Crane and Storage

      61,300 SF warehouse on 9 acres with heavy power.
      6801 Old Randol Mill Rd, Fort Worth, TX 76120
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    Similar Nearby for Lease

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      East Fort Worth Garden Office

      Single-story office building with immediate Loop 820 access.
      6800 Manhattan Blvd, Fort Worth, TX 76120
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      Professional Office Building For Rent

      Professional office building in rapidly growing Fort Worth area.
      6850 Manhattan Blvd, Fort Worth, TX 76120
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      6,000 SF

      Fort Worth Office Building

      6000 SF office building for rent in Fort Worth.
      6800 Manhattan Blvd, Fort Worth, TX 76120
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    • Contact for pricing
      3,642 SF

      Renovated Office Space Available

      Renovated office space with building signage and strong parking.
      6900 Anderson Blvd, Fort Worth, TX 76120
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    • Contact for pricing

      Prime Fort Worth Ground Lease

      High-visibility 0.87-acre commercial land for lease in Fort Worth.
      817 Loop 820 E, Fort Worth, TX 76120
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      2,800 SF

      Retail Space Near I-30

      Retail space with frontage to I-30 and Eastchase Pkwy.
      8672 Chimney Creek Dr, Fort Worth, TX 76120
      View Details
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    7120 Anderson Blvd
    Fort Worth, TX 76120
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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.

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