Technical
Financial
Distress signals
Property profile

1500 Main St Fort Worth, TX 76164

OFF-MARKET
Strip malls
Property ID
US82-1709768
56,622 SF 1.24 ac lot Built 2006
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

North Main Mercado, a three-story, 44,076 square foot Class C office building located at 1500 N Main St, Fort Worth, TX 76164, offers a unique blend of executive and traditional office spaces. Built and renovated in 2006, this property boasts 24,908 square feet of immediately available space, divisible to a minimum of 257 square feet and with a maximum contiguous space of 22,269 square feet. The building features ample surface parking (1.02 spaces per 1000 square feet), a significant advantage in the Fort Worth CBD, North Fort Worth submarket. Its prime location in the historic Stockyards District provides excellent walk-in traffic from nearby tourist attractions, including the renowned Joe T. Garcia's Mexican Restaurant and Billy Bob's Texas. The property benefits from its proximity to downtown Fort Worth (5-minute drive) and high traffic counts (28,566). Current tenants include the United Way, State Farm, various staffing and law offices, and a banquet hall, demonstrating the building's versatility and appeal to a diverse range of businesses. The building offers free space planning, creating a flexible and adaptable environment for tenants. This property presents a compelling opportunity for businesses seeking affordable, high-quality office space in a vibrant and historically significant location within one of America's most livable and safest cities.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 56,622 SF
Lot 1.24 ac (54,014 SF)
APN 30000-216-1R
UPID US82-1709768

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
  • Physician
  • Physician
  • Physician Medical Clinic
  • Hospital
  • Medical Clinic

Location

1500 Main St Fort Worth, TX 76164-8903
Fort Worth metro Census 100900 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$1.19M

Owner & transaction history

since 2010
4 recorded transactions
2020
Price N/A
2010
Price N/A
2006
Price N/A
1969
Price N/A

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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