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    701 Mcpherson Rd Fort Worth, TX 76140
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    701 Mcpherson Rd Fort Worth, TX 76140

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    • Commercial real estate
    • 563,231 SF
    • 12.93 lot acres
    For Sale
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    Fort Worth Land Opportunity For Sale
    Contact for pricing
    12.93 Acres

    Fort Worth Land Opportunity

    Conveniently located land with easy access to major highways.

    701 McPherson Rd, Fort Worth, TX
    View Listing
    Property ID
    US82-2646887
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 701 Mcpherson Rd

    Lot size
    12.93 lot acres
    Property size
    563,231 SF
    Property type
    Commercial real estate
    APN
    A 930-3D

    Description

    This exceptional ±12.93-acre parcel in Fort Worth, Texas, presents a prime opportunity for multifamily development. Located at 701 McPherson Rd, 76140, this property boasts CR zoning allowing for 16 units per acre, totaling significant development potential. Utilities are available on-site. The land is conveniently situated less than a mile from I-35W, providing direct access to both northbound and southbound traffic, and within 5 miles of I-20. This location offers easy access to both downtown Fort Worth and Burleson, which is approximately 10 minutes away. The property is served by the Burleson ISD, with Ann Brock Elementary, Nick Kerr Middle School, and Centennial High School nearby. Priced at $3,500,000, this entitled development opportunity is situated in a thriving market

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.307317
    Latitude
    32.605054

    Comparable in this City

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      New Duplex in Forest Hill

      Recently built, fully occupied duplexes with long-term leases.
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    • $738,500
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      Forest Hill Triplex with Leases

      Newer triplex in Forest Hill with long-term leases.
      201 Briarwood Ln, Forest Hill, TX 76140
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    • New
      $1,000,000
      7,500 SF

      New Construction Five-Plex Opportunity

      Five-unit multifamily property in Kennedale, TX, 90% complete.
      6800 Oak Crest Dr W, Kennedale, TX 76140
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    • New
      $299,900
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      Fort Worth Duplex Investment Property

      Fully occupied duplex, great investment with immediate rental income.
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    • $85,000
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      Land in Growing Forest Hill

      Unimproved land near I-20 with development potential.
      3016 Valley Forge Trl, Forest Hill, TX 76140
      View Details

    Similar Nearby for Sale

    • $485,000
      2,596 SF

      New Duplex in Forest Hill

      New duplex in Forest Hill, TX with long-term leases.
      1301-1302 Boxwood Ln, Forest Hill, TX 76140
      View Details
    • $499,000
      2,596 SF

      New Duplex in Forest Hill

      Recently built, fully occupied duplexes with long-term leases.
      1601-1602 Boxwood Ln, Forest Hill, TX 76140
      View Details
    • $738,500
      1,298 SF

      Forest Hill Triplex with Leases

      Newer triplex in Forest Hill with long-term leases.
      201 Briarwood Ln, Forest Hill, TX 76140
      View Details
    • New
      $1,000,000
      7,500 SF

      New Construction Five-Plex Opportunity

      Five-unit multifamily property in Kennedale, TX, 90% complete.
      6800 Oak Crest Dr W, Kennedale, TX 76140
      View Details
    • New
      $299,900
      0.16 Acres

      Fort Worth Duplex Investment Property

      Fully occupied duplex, great investment with immediate rental income.
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    • $85,000
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      Land in Growing Forest Hill

      Unimproved land near I-20 with development potential.
      3016 Valley Forge Trl, Forest Hill, TX 76140
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      Spacious Land with Existing Building

      Almost 5 acres of land with a 3,579 SF building.
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      9,500 SF

      Renovated Warehouse with Secured Storage

      8,000 SF warehouse with fenced yard and office space.
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    • $3,000 /Mo
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      Everman Retail/Warehouse Space For Rent

      3,600 SF retail/warehouse space available for lease in Everman.
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      Forest Hill Office Sublease Opportunity

      High-visibility Forest Hill office sublease with included utilities.
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      Industrial Property with I-20 Frontage

      53,780 SF industrial building with excellent metroplex access.
      2248 Loop 820 SE, Fort Worth, TX 76140
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      214,942 SF

      Fort Worth Distribution Opportunity

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    701 Mcpherson Rd
    Fort Worth, TX 76140
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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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