6500 Westworth Blvd Westworth Village, TX 76114-4012
Property profile & analytics
6500 Westworth Blvd Westworth Village, TX 76114-4012
- Commercial land
- 4.27 lot acres
Property ID
US82-8986453
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
- Commercial land
Property Details for 6500 Westworth Blvd
- Lot size
- 4.27 lot acres
- Property type
- Commercial land
- APN
- A-319---4H08---20
- APU
- A3194H0820
Description
This exceptional investment opportunity presents a fee-simple ownership of a 45,000 square foot, Class A, single-tenant LA Fitness shopping center in Westworth Village, Texas. Located at 6500 Westworth Blvd, 76114, this property boasts a 100% occupancy rate with a credit-rated tenant under an absolute NNN lease. The 15-year lease, commencing January 1, 2008, includes three 5-year options, with rent bumps every five years, capped at the lesser of CPI or 8%. The property sits on a 4.13-acre lot and features a strong NOI of $600,000, yielding a 5.75% cap rate at an asking price of $10,435,000 ($231/sq ft). The property benefits from its location in a primary commercial node, surrounded by major retailers like Target and Walmart, numerous restaurants, and several recently constructed high-density apartment complexes. Its proximity to Lockheed Martin Corp and the Naval Air Station Joint Reserve Base, along with its convenient access to the Dallas-Fort Worth International Airport, further enhances its investment appeal. The high-income demographic in the immediate area, averaging over $144,000 annual household income, contributes to the property's strong performance and future potential. This sale-leaseback transaction offers a secure, passive income stream with significant upside potential in a rapidly growing market with no state income tax. The property's strong location and tenant history make it a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Westworth Village
- County
- Tarrant
- State
- Texas
- Longitude
- -97.4257
- Latitude
- 32.7561
- 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
$188
$9,100
$0.00
$9,100
-
$9,100
$0.00
$9,100
