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Property profile & analytics
OFF-MARKET Estimated value $690,000
Strip malls

7032 Blue Mound Rd Fort Worth, TX 76131-4818

11,645 SF 2.13 ac lot Built 2022
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-0747171
Property summary
AI-generated overview

This exceptional 15,789-square-foot shopping center in Fort Worth, Texas, presents a compelling investment opportunity. Built in 2022, this fully stabilized, multi-tenant property boasts a 100% occupancy rate with seven tenants, including Jeremiah's Italian Ice, Wayback Burgers, Liquor Cave, Hoshi Ramen, Scenthound, Safe Splash Swim School, and Jamba Juice/Auntie Anne's. All leases are triple-net (NNN) with built-in rent increases, ensuring consistent year-over-year income growth. The property features attractive architecture, a concrete parking lot, and two end-cap suites with drive-through windows. Strategically located on 2.13 acres at 7032 N Blue Mound Rd, Fort Worth, TX 76131, near the intersection of Blue Mound Road and Basswood Boulevard, it benefits from excellent visibility and accessibility with multiple ingress and egress points. Daily traffic counts exceed 39,515 vehicles, further enhanced by the high traffic volume of approximately 143,000 vehicles per day on Blue Mound Road. The property is situated within a thriving retail corridor, adjacent to established businesses such as Burger King, Salad and Go, Brakes Plus, and AutoZone, and near a variety of national and regional retailers including Kroger, CVS, and many others. The area demonstrates strong demographics, with an average household income exceeding $97,000 within a three-mile radius and a population of approximately 259,437 residents within five miles. Future development plans in the area include a fitness center and Academy Sports + Outdoors, promising continued growth and increased property value. The asking price is $8,484,266, representing a 6.00% capitalization rate and a price per square foot of $537.35. The property's Net Operating Income (NOI) is $509,056. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing area of Fort Worth.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2022
Total area 11,645 SF
Lot 2.13 ac (92,870 SF)
APN 44637B-1-4
UPID US83-0747171
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jeremiah's Italian Ice Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$753k
Blend (final) Blend
$690k
Owner & transaction history
Victory Shops At Basswood III LLC · 4 yrs held
Victory Shops At Basswood III LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.1M +113.2%
Office building $1.1M +102.4%
Medical building $1.0M +94.4%
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