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Property profile & analytics
OFF-MARKET Estimated value $745,000
Retail space

2405 Main St Fort Worth, TX 76164-8520

4,620 SF 0.2 ac lot Built 1916
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-9827821
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 4,620 square foot retail storefront in Fort Worth, Texas. Currently 100% occupied by Boot Barn under a new 10-year Net Lease (NN) commencing October 1, 2024, and expiring September 30, 2034, with three 5-year renewal options. The lease includes 2% annual rent increases, ensuring consistent NOI growth and inflation protection. The property boasts a strong 6.00% cap rate and a current NOI of $145,530. Located at a signalized intersection on North Main Street, a major retail thoroughfare, this property benefits from high visibility and exceptional access. The site is strategically positioned near the Fort Worth Stockyards, a major tourist attraction undergoing a significant redevelopment, and is surrounded by a dense retail corridor with numerous national tenants, including a Walmart Supercenter, Target-anchored Montgomery Plaza, and Fort Worth Stockyards Station. The property's 0.2-acre lot is zoned for mixed use. Built in 1916 and renovated in 1980, this single-story building offers a compelling investment opportunity in a high-growth area with a strong demographic profile. The 5-mile trade area boasts a population exceeding 224,800, an average household income of $94,671, and over 203,000 employees. Limited landlord responsibilities make this an ideal low-management investment. The property's APN is 12600-20-1R2. Asking price is $2,426,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1916
Total area 4,620 SF
Lot 0.2 ac (8,843 SF)
APN 12600-20-1R2
UPID US82-9827821
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
Current use
Occupant on record · Public records
  • Lazy J Ranch Wear - Fort Worth Stockyards Boutique Hat Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$771k
Blend (final) Blend
$745k
Owner & transaction history
Stockyards Bb LLC · 1 yrs held
Stockyards Bb LLC
since 2025
2 recorded transactions
2025
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $720,000 +39.0%
Auto repair, garage $610,000 +17.1%
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