6116 Lake Worth Blvd Lake Worth, TX 76135
Property Lookup
Property profile & analytics
6116 Lake Worth Blvd Lake Worth, TX 76135
- Strip malls
- 12,100 SF
- 1.26 lot acres
Property ID
US82-0009983
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
- Strip malls
Property Details for 6116 Lake Worth Blvd
- Year built
- 2021
- Lot size
- 1.26 lot acres
- Property size
- 12,100 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 3670-4-2R1
- APU
- 367042R1
Description
This exceptional 11,900-square-foot retail shopping center in Lake Worth, Texas, presents a compelling investment opportunity. Built in 2021, the single-building property sits on a 0.74-acre lot at 6116 Lake Worth Blvd, 76135, offering convenient access to major highways like Highway 820 and Highway 199. The center is currently 100% occupied by five diverse tenants, each with a multi-year lease featuring annual rent increases, ensuring a stable and growing income stream. This modern facility boasts low maintenance costs due to its recent construction and benefits from its strategic location just ten miles west of downtown Fort Worth, providing high visibility and accessibility for customers. The strong tenant profile, combined with the long-term leases and built-in rent escalations, creates a predictable and appreciating cash flow, making this an attractive addition to any investment portfolio. The property offers a significant yield with considerable upside potential. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a thriving Texas market. The property's location within a key economic corridor guarantees high traffic and visibility, maximizing the potential for sustained revenue growth. The consistent rental income, coupled with the property's modern amenities and prime location, makes this an ideal investment for those seeking a stable and appreciating asset.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $445,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $736,000
Market price range: $299k - $737k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $540,000 Current use
- WAREHOUSE, STORAGE
- $715,000 Change: +33% Conversion: Difficult
- RETAIL STORES
- $710,000 Change: +31% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4156
- Latitude
- 32.8075
- 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
$72,734
$1,004,808
$2,745,192
$3,750,000
-
$1,004,808
$2,745,192
$3,750,000
