Property profile

3121 Frst Ave Fort Worth, TX 76112

OFF-MARKET
Day care centers
Property ID
US83-3429242
1,120 SF 0.16 ac lot Built 1920
Trust Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of an updated 1,420-square-foot office building located in the historic Handley Business District of Fort Worth on a 0.161-acre lot. The interior is configured with a flexible layout that includes multiple rooms suitable for office use, classroom or specialty work areas, and includes a back building with a secondary classroom. It also features a 180-square-foot storage building and a large fenced yard that can support outdoor activities and/or future expansion. The site is zoned MU-1 (Residential and/or Commercial), which may allow a range of business types, including office, personal services, retail, medical, and food service (subject to city approval). The building was previously operated as a day care facility and is suitable for continued child-care use or conversion to other office and professional uses. The property is positioned for quick access to I-30 and I-20 and is within minutes of Downtown Fort Worth and Arlington.

Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1920
Total area 1,120 SF
Lot 0.16 ac (6,996 SF)
APN 17040-13-3
UPID US83-3429242

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
  • High School Daycare Center

Location

3121 Frst Ave Fort Worth, TX 76112-7001
Fort Worth metro Census 101302 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2008
2 recorded transactions
2008
Price N/A
2006
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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