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    Property profile & analytics

    6901 Green Oaks Rd Fort Worth, TX 76116

    • Strip malls
    • 8,229 SF
    • 1.02 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4274801
    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

    • Strip malls

    Property Details for 6901 Green Oaks Rd

    Year built
    1994
    Lot size
    1.02 lot acres
    Property size
    8,229 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    34430-5-1R2-10
    APU
    3443051R210

    Description

    This 8,229 square foot vacant shopping center in Fort Worth, Texas, presents a compelling value-add opportunity for investors. Located at 6901 Green Oaks Rd, 76116, this property boasts ample parking and excellent visibility due to its direct line of sight from I-30 and Green Oaks Road. The Texas Department of Transportation has proposed future direct access from I-30, further enhancing its accessibility and potential. Currently 100% vacant, this center offers significant upside potential for lease-up and capital improvements. The property benefits from its strategic location in a rapidly growing area, surrounded by key traffic drivers including Ridgmar Mall, Lockheed Martin Air Force Base, and the major thoroughfares of I-30 and I-820. This presents a unique chance to capitalize on the area's growth and increase property value through strategic leasing and renovations. The asking price is $1,050,000. This is an exceptional opportunity to acquire a retail center with significant potential for future returns in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4373
    Latitude
    32.7366
    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
    $13,890
    $355,448
    $291,382
    $646,830
    -
    $355,448
    $291,382
    $646,830

    Comparable in this City

    • Value Estimation by Request
      1,050 SF

      Williams Rd

      SHOPPING CENTER, STRIP CENTER • 1,050 SF
      Williams Rd, Benbrook, TX 76116
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    • Value Estimation by Request
      1,000 SF

      3436 Williams Rd

      SHOPPING CENTER, STRIP CENTER • 1,000 SF
      3436 Williams Rd, Benbrook, TX 76116-6420
      View Details
    • Value Estimation by Request
      1,000 SF

      3442 Williams Rd

      SHOPPING CENTER, STRIP CENTER • 1,000 SF
      3442 Williams Rd, Benbrook, TX 76116-6420
      View Details
    • Value Estimation by Request
      1,152 SF

      4309 Benbrook Hwy

      SHOPPING CENTER, STRIP CENTER • 1,152 SF
      4309 Benbrook Hwy, Fort Worth, TX 76116-8602
      View Details
    • Value Estimation
      $685,000
      16,380 SF

      6370 Cp Bowie Blvd

      SHOPPING CENTER, STRIP CENTER • 16,380 SF
      6370 Cp Bowie Blvd, Fort Worth, TX 76116-5462
      View Details
    • Value Estimation
      $980,000
      23,986 SF

      6220 Cp Bowie Blvd

      SHOPPING CENTER, STRIP CENTER • 23,986 SF
      6220 Cp Bowie Blvd, Fort Worth, TX 76116-5525
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,229 SF

      Retail Property Value-Add Opportunity

      Retail property with high potential in a growing area.
      6901 Green Oaks Rd, Fort Worth, TX 76116
      View Details
    • $2,300,000
      6,924 SF

      Fort Worth Retail Power Center

      Turnkey Restaurant, High-Traffic Location
      7050 Ridgmar Meadow Rd, Fort Worth, TX 76116
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    • $1,200,000

      Renovated Retail Center on Camp Bowie

      Retail center with recent renovations and high-traffic location.
      8331 Camp Bowie West Blvd, Fort Worth, TX 76116
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    • $3,960,400
      39,604 SF

      Retail Land for Sale

      Retail and commercial land with redevelopment potential.
      7912-7948 Camp Bowie West Blvd, Fort Worth, TX 76116
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    • $1,499,000
      0.49 Acres

      Established Auto Sales Business Opportunity

      Long-standing Fort Worth auto sales business with excellent reputation.
      8259 Camp Bowie West Blvd, Fort Worth, TX 76116
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    • $3,859,634
      10.74 Acres

      South Cherry Lane Commercial Land

      10.74 Acres, Prime Fort Worth Location
      3063 Cherry Ln, Fort Worth, TX 76116
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    Similar Nearby for Lease

    • Contact for pricing
      1,218 SF

      Retail Space with Facade Upgrade

      Retail spaces available in neighborhood retail center with great parking.
      2801 Alta Mere Dr, Fort Worth, TX 76116
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    • Contact for pricing
      4,842 SF

      Retail Space with Highway Access

      Retail property with great accessibility and ample parking.
      1200 Green Oaks Rd, Fort Worth, TX 76116
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      2,686 SF

      Retail Space on Green Oaks

      Retail property for lease with great accessibility and ample parking.
      1100 Green Oaks Rd, Fort Worth, TX 76116
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    • Contact for pricing
      2,628 SF

      Retail Space in Camp Bowie

      Retail space for lease in Fort Worth's Camp Bowie.
      6370 Camp Bowie Blvd, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      30,577 SF

      Retail Space on Green Oaks

      Retail property with great accessibility and ample parking.
      1250 Green Oaks Rd, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      40,627 SF

      Fort Worth Retail Strip Center

      Prime Fort Worth location, multiple spaces available.
      1700-1760 Mall Cir, Fort Worth, TX 76116
      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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