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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6801 Ridgmar Meadow Rd Fort Worth, TX 76116

    • Community centers
    • 29,334 SF
    • 4.28 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1978337
    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.

    Current Use by Public Records

    • Movie Tavern Ridgmar / Bar / Movie Theater

    Property Details for 6801 Ridgmar Meadow Rd

    Year built
    1985
    Lot size
    4.28 lot acres
    Property size
    29,334 SF
    Property type
    Community centers
    APN
    34433-1R
    APU
    344331R

    Description

    This exceptional 24,627-square-foot freestanding retail property, located at 6801 Ridgmar Meadow Rd in Fort Worth, Texas, presents a unique investment opportunity. Formerly a six-screen, 824-seat movie theater, this Class B, single-story building offers a versatile layout ideal for various retail or entertainment uses. Built in 1986, the property sits on a substantial 24,627-square-foot lot (4.28 acres) with "J" zoning. The building boasts ample parking with 160 spaces, providing a 6.5 parking ratio. Its prime location within the bustling Ridgmar Town Square offers excellent visibility and accessibility, enhanced by its proximity to major national retailers such as Ross, Burlington Coat Factory, PetSmart, and Big Lots. The property also benefits from its strategic location near the Lockheed Martin complex and a naval joint reserve base, ensuring a strong daytime population and consistent foot traffic. The existing theater infrastructure, including screens, projectors, and seating, remains in place, offering significant potential for redevelopment or repurposing. This move-in-ready space is perfectly positioned to capitalize on the rapid growth and redevelopment wave currently transforming West Fort Worth. The asking price is $3,300,000, and the lease type is NNN. This is a rare opportunity to acquire a substantial, well-located property in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $706,000
      Market price range: $706k - $1.67M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4342
    Latitude
    32.745
    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
    $26,022
    $932,185
    $201,175
    $1,133,360
    -
    $932,185
    $201,175
    $1,133,360

    Comparable in this City

    • Value Estimation
      $460,000
      8,864 SF

      Cp Bowie Blvd

      MINI-MALL • 8,864 SF
      Cp Bowie Blvd, Fort Worth, TX 76116
      View Details
    • Value Estimation
      $1,190,000
      61,279 SF

      6900 Ridgmar Mdw Rd

      MINI-MALL • 61,279 SF
      6900 Ridgmar Mdw Rd, Fort Worth, TX 76116
      View Details
    • Value Estimation
      $925,000
      152,640 SF

      3398 Fairfield Ave

      MINI-MALL • 152,640 SF
      3398 Fairfield Ave, Fort Worth, TX 76116
      View Details
    • Value Estimation
      $1,165,000
      59,659 SF

      1250 Grn Oaks Rd

      MINI-MALL • 59,659 SF
      1250 Grn Oaks Rd, Fort Worth, TX 76116-1507
      View Details
    • Value Estimation
      $285,000
      1.77 Acres

      6850 Ridgmar Mdw Rd

      MINI-MALL • 1.77 Acres
      6850 Ridgmar Mdw Rd, Fort Worth, TX 76116
      View Details
    • Value Estimation by Request
      88,392 SF

      8628-8740 Camp Bowie West Blvd

      Neighborhood centers • 88,392 SF
      8628-8740 Camp Bowie West Blvd, Fort Worth, TX 76116
      View Details

    Similar Nearby for Sale

    • $2,300,000
      6,924 SF

      Fort Worth Retail Power Center

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    • $3,960,400
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      Retail Land for Sale

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      Retail Property Value-Add Opportunity

      Retail property with high potential in a growing area.
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      Established Auto Sales Business Opportunity

      Long-standing Fort Worth auto sales business with excellent reputation.
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      Retail space for sale on JCPenney outparcel at Ridgmar Mall.
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      Retail property for sale on Camp Bowie Boulevard.
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    Similar Nearby for Lease

    • Contact for pricing
      88,392 SF

      Vegas Trail Center: Fort Worth Retail

      Prime Fort Worth retail space, 7 units available.
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      Retail Space with Highway Access

      Retail property with great accessibility and ample parking.
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    • $18 SF/Yr
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      Retail Office Restaurant Space Available

      Retail, office, and restaurant spaces available near Ridgmar Mall.
      2104-2374 Mall Cir, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      2,000 SF

      Retail Center Space Available

      Retail spaces available in a shopping center.
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      4,016 SF

      Retail Space in Fort Worth

      Retail space available in a Sprout’s Farmers Market anchored center.
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    • Contact for pricing
      5,612 SF

      Retail Spaces Available For Lease

      Retail and white box spaces available with tenant incentives.
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      View Details
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    Fort Worth, TX 76116
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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