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Property profile & analytics
OFF-MARKET Estimated value $1,550,000
Strip malls

1700 Cherry Ln White Settlement, TX 76108-3628

61,019 SF 4.8 ac lot Built 1985
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-1269027
Property summary
AI-generated overview

Cherry Tree Plaza offers exceptional executive office space in a prime Fort Worth location. This two-building complex, totaling 61,120 square feet, features 7 available suites ranging from 980 to 8,475 contiguous square feet, with a total of 24,672 square feet currently vacant. Built in 1985, the single-story buildings provide ample parking with 252 spaces. The property boasts a highly desirable location at the intersection of I-30 and Cherry Lane, benefiting from exceptional visibility and accessibility. Nearby traffic generators include Ridgmar Mall, Academy Sports, Dirt Cheap, Lockheed Martin, and Flight Deck, ensuring high traffic volume. The zoning is C-C, Corridor Commercial, within Tarrant County, and situated in a high-density area of West Fort Worth. Strong demographics and above-average household income within a 5-mile radius ($81,390) are projected to grow by an additional 9.12%. The property features a signalized intersection with high traffic counts (S. Cherry Lane: 21,090 VPD; I-30: 104,000 VPD) and a dedicated turn lane. Each suite includes tenant-controlled HVAC systems. The property is conveniently located just 10 minutes from Downtown Fort Worth and offers easy access to Loop 820 and I-20. Minimum divisible space is 980 square feet. The lot size is 5 square feet. This is an excellent opportunity for businesses seeking a thriving location with strong growth potential.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Total area 61,019 SF
Lot 4.8 ac (209,088 SF)
APN 46090--21
UPID US82-1269027
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.02M
Blend (final) Blend
$1.55M
Owner & transaction history
Enigma Investments LLC · 18 yrs held
Enigma Investments LLC
since 2008
2 recorded transactions
2008
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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