2405 Main St Fort Worth, TX 76164-8520
Property profile & analytics
2405 Main St Fort Worth, TX 76164-8520
- Retail space
- 4,620 SF
- 0.20 lot acres
Property ID
US82-9827821
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Lazy J Ranch Wear - Fort Worth Stockyards / Clothing Store / Boutique
Property Details for 2405 Main St
- Year built
- 1916
- Lot size
- 0.20 lot acres
- Property size
- 4,620 SF
- Property type
- Retail space
- APN
- 12600-20-1R2
- APU
- 12600201R2
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $770,000
Market price range: $193k - $771k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $520,000 Current use
- COMMERCIAL (GENERAL)
- $720,000 Change: +39% Conversion: Easy
- AUTO REPAIR, GARAGE
- $610,000 Change: +17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3495
- Latitude
- 32.7884
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,300
$353,720
$1,131,280
$1,485,000
-
$353,720
$1,131,280
$1,485,000
