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Property profile & analytics
OFF-MARKET
Churches & religious facilities

2929 Forest Ave Fort Worth, TX 76112

Property ID
US82-2336444
Property summary
AI-generated overview

This exceptional property presents a unique investment opportunity in Fort Worth, Texas. The Handley United Methodist Church, located at 2929 Forest Ave, 76112, offers a substantial 28,262 square feet of space across three buildings. The main building boasts approximately 18,422 square feet, featuring a large sanctuary with seating for approximately 490, multiple meeting rooms, a kitchen, offices, a fellowship hall, and an interior garden. A second building, encompassing 8,688 square feet, is currently leased to Treasure Chest Learning Center, with a lease expiring in July 2024, and an automatic 60-day extension clause unless notice is given. The tenant has expressed interest in renewing the lease. A third building adds another 1,152 square feet to the total. The property sits on beautifully landscaped grounds and includes convenient on-site parking with approximately 135 spaces, accessible from Forest Ave and Handley Dr., supplemented by additional street parking. The property's zoning is CF - Community Facility, making it suitable for a variety of uses. Its strategic location near major highways, including 820 E and E Rosedale, provides excellent accessibility. Additional addresses, 2919 Forest Ave, 2928 Handley Dr., and 2940 Handley Dr., are included in the sale. This property is ideal for a religious organization, community center, or redevelopment project. The asking price is $1,800,000.

Property profile
Verified
Property type Churches & religious facilities
UPID US82-2336444
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
  • Alcoholics Anonymous Social Service Agency Medical Clinic
  • Trinity Fort Worth United Methodist Church Church
  • Treasure Chest Learning Center Daycare Center Foster Care Service
  • Trinity United Methodist Church- Ft. Worth Church
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
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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