Property profile

2601 Tandy Ave Fort Worth, TX 76103

OFF-MARKET
Assisted living facilities
Property ID
US83-3636434
73,830 SF 3.6 ac lot Built 1982
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 69,454 square foot assisted living facility, situated on 3.6 acres in Fort Worth, Texas, presents a compelling investment opportunity. Built in 1982 and renovated in 2015, the property features two buildings encompassing 80 units with a total of 160 beds (40 semi-private and 40 private). The facility is currently vacant but holds a license for 160 beds, offering significant upside potential for expansion of services, increasing bed count, and aesthetic improvements. Pre-pandemic occupancy reached 88%, demonstrating strong historical performance. Recent renovations include a new roof, upgraded flooring, and an expanded walk-in freezer. Conveniently located at 2601 Tandy Ave, Fort Worth, TX 76103, this property benefits from its proximity to downtown Fort Worth (4 miles east) and a thriving job market fueled by major employers in Tarrant County. The property is zoned CF and includes resident amenities such as a lounge, dining area, commercial kitchen, offices, game room, and chapel. The significant growth of the senior population in the area, coupled with a post-pandemic shortage of senior housing, creates a strong demand for this type of facility. This turnkey asset is ideally suited for an owner-operator or investor seeking to capitalize on the burgeoning senior living market in a rapidly growing Texas city.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1982
Total area 73,830 SF
Lot 3.6 ac (156,990 SF)
APN 41270-9-1R
UPID US83-3636434

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
  • Medical Clinic
  • Nursing Home Retirement Community

Location

2601 Tandy Ave Fort Worth, TX 76103-2552
Fort Worth metro Census 101500 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$845k
CAP Approach CAP
by Request
Comparable Approach Comparable
$529k
Blend (final) Blend
$685k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2019
Price N/A
2018
Price N/A
2018
$165,000
2017
Price N/A
2017
Price N/A
2012
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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