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$1,200,000

4615 E California Pkwy, Forest Hill, TX, 76119

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths5,720 Sq Ft
OfficeOffice
Year BuiltBuilt in 1977

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringCarpet, Vinyl

About this property

Positioned along the I-20 W frontage road with direct highway exposure - over 20,000 vehicles per day - and convenient access to I-820 and I-35W, this 5,720 SF property spans two buildings on approximately nearly 2.5 acres. Currently operating as a church, the property offers an established assembly-style layout that gives a head start on build-out compared to new construction. Building 1 - approx. 3200 SF - includes a large sanctuary, office space, storage areas, and restrooms. Building 2 - approx. 2500 SF - includes a fellowship hall, multiple classrooms, a sizable kitchen, and additional restrooms. The flexible layout and generous site size lend themselves to a range of potential uses, including funeral home, medical or professional office, assisted living, childcare-daycare, executive suites, flex space, or continued institutional-religious use, subject to zoning and municipal approval. Tons of on-site parking plus excess land offer room for expansion or additional development. The property is served by city water and sewer, has strong connectivity to major Fort Worth-area transportation corridors, and is being offered with the opportunity to renovate and reposition or explore ground-up redevelopment.

Investor Tools

$0Estimated Mortgage Balance
$723,149Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Graham Stiles

NextHome NTX Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,253/month
No HOA
5.947%

City: Forest Hill

4615 E California Pkwy | Property Details | No Agent List