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9001 Randol Mill Rd

Fort Worth, TX
Total Size
241,390 sqft
Year Constructed

About 9001 Randol Mill Rd

Mill Valley is a unique opportunity to buy a stable Class B property in Fort Worth TX, with frontage on the highly traversed Interstate 30 (130,000 vpd). The property was built in 1984 and consists of 312 units. The 2 story, garden style apartment community is located on just over 11.74 acres. The property has excellent amenities including a clubhouse with billiards and wifi, swimming pool equipped with water volleyball, jacuzzi, dog park, playground, 24-hour fitness center, laundry facility, and community areas with barbecue grills.
Mill Valley has benefited from extensive renovations over the past 5 years with capex totaling nearly $3,000,000. Several significant improvements include:

Full exterior siding replacement to hardi-board
Full exterior paint
New roofs
Removal of boilers and installation of new electric hot water heaters in each unit (no more gas)
Upgraded leasing office and clubhouse with new fitness center
Extensive landscaping
New playground and dog park

Beyond these renovations only 10% of the interiors have received a full upgrade at Mill Valley. Rents at the community average $.87/sf. After review of comparable properties, rents north of $1.00/sf are being achieved in the submarket. Significant upside exists through implementing an interior upgrade program on unit turns.

Mill Valley Apartments is located in an exceptionally strong, infill location at the intersection of Meadowbrook Blvd and Randol Mill Rd. This location is near the Eastchase Parkway exit off Interstate 30, which is the retail hub of the area. The properties proximity to Eastchase Pkwy allows easy access to numerous employment and retail centers such as Texas Health Memorial Hospital, The University of Texas at Arlington, Wal-Mart, Sam’s Club, Target, Lowe’s, AMC Movies, as well as DFW International Airport - the third busiest airport in the world and has an employment of over 60,000 people.

Companies at 9001 Randol Mill Rd

Mill Valley Apartments Point Of Interest

Internet Providers for 9001 Randol Mill Rd

Provider Technology Max Download Speed Max Upload Speed
Charter Communications, Inc. Cable
1 Gb/s
6 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
AT&T Southwest DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
25 Mb/s
25 Mb/s

The City: Fort Worth

The typical asking rate per listing is in the $20's per square foot per year. The Fort Worth region is going through a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% increase in rent.

Compared to the rest of the DFW Metroplex market, the Fort Worth region has more expensive rates, and you'll need to make a great offer to be in this hot region.

Median Rate Median Size
Fort Worth $24
Median Rate Median Size
DFW Metroplex $24

Median Rate over Time in Fort Worth