Property profile

8732 Harmon Rd Fort Worth, TX 76177

OFF-MARKET
Auto shops
Property ID
US82-0039298
10,791 SF 1.81 ac lot Built 2019
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Auto Repair Shop

Location

8732 Harmon Rd Fort Worth, TX 76177-7500
Fort Worth metro Census 113931 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.3M +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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