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Property profile & analytics
OFF-MARKET Estimated value $1,115,000
Auto shops

8732 Harmon Rd Fort Worth, TX 76177-7500

10,791 SF 1.81 ac lot Built 2019
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US82-0039298
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple 12,617 square foot auto shop in Fort Worth, Texas. Built in 2019 as a corporate build-to-suit for Service First (now Sun Auto), this property boasts a 9.6-year remaining lease term with two 5-year options. The absolute triple-net (NNN) lease structure ensures zero landlord responsibilities, while a corporate guarantee from Sun Auto provides significant security. The property sits on a 78,844 square foot lot and enjoys a 6.08% cap rate with a current NOI of $372,947. The lease includes 10% rent increases every five years. Located in a thriving retail area near major retailers like Costco, Target, and Ross, this property benefits from excellent demographics and high traffic counts. The property's strategic location within the Dallas-Fort Worth metroplex, coupled with its strong tenant and favorable lease terms, makes it an ideal investment for discerning buyers. The asking price is $6,132,250, translating to $486.03 per square foot. This single-story building offers a compelling combination of stability, growth potential, and passive income generation. The property's prime location in a high-growth area of Fort Worth ensures long-term value and strong rental income.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2019
Total area 10,791 SF
Lot 1.81 ac (78,844 SF)
APN 32942M-A-7R5
UPID US82-0039298
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
  • Caliber Auto Glass Auto Repair Shop
  • Caliber Auto Care Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.12M
Owner & transaction history
Southbay Vistas LP · 6 yrs held
Southbay Vistas LP
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.3M +6.5%
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