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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1009 Northway Dr Fort Worth, TX 76131-1420

    • Warehouses
    • 54,000 SF
    • 2.64 lot acres
    OFF-MARKET
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5233907
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • North.Insurance / Insurance Agency
    • Synagogue / Synagogue
    • Selectquote / Business Broker

    Property Details for 1009 Northway Dr

    Year built
    1982
    Lot size
    2.64 lot acres
    Property size
    54,000 SF
    Property type
    Warehouses
    APN
    23750-2-2R
    APU
    2375022R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,054,000
      Market price range: $330k - $1.76M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,085,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3421
    Latitude
    32.8467
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $75,756
    $574,990
    $2,625,010
    $3,200,000
    -
    $574,990
    $2,625,010
    $3,200,000

    Comparable in this City

    • Value Estimation
      $2,800,000
      240,287 SF

      1001 Loop 820

      WAREHOUSE, STORAGE • 240,287 SF
      1001 Loop 820, Fort Worth, TX 76131-1491
      View Details
    • Value Estimation
      $1,385,000
      85,975 SF

      1008 Cook Ln

      WAREHOUSE, STORAGE • 85,975 SF
      1008 Cook Ln, Saginaw, TX 76131
      View Details
    • Value Estimation
      $815,000
      58,950 SF

      850 Blue Mound W Rd

      WAREHOUSE, STORAGE • 58,950 SF
      850 Blue Mound W Rd, Fort Worth, TX 76131-1023
      View Details
    • Value Estimation
      $525,000
      18,078 SF

      7440 Blue Mound Rd

      MINI-WAREHOUSE, STORAGE • 18,078 SF
      7440 Blue Mound Rd, Fort Worth, TX 76131-4905
      View Details
    • Value Estimation
      $635,000
      22,032 SF

      895 Kennedy Ln

      WAREHOUSE, STORAGE • 22,032 SF
      895 Kennedy Ln, Saginaw, TX 76131-1066
      View Details
    • Value Estimation by Request
      20,000 SF

      1324 Industrial Ave

      WAREHOUSE, STORAGE • 20,000 SF
      1324 Industrial Ave, Saginaw, TX 76131-2709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Saginaw Warehouse For Sale

      6,000 SF Industrial Building, Texas
      1051 Kennedy Ln, Saginaw, TX 76131
      View Details
    • Contact for pricing
      8.08 Acres

      Saginaw, TX Commercial Land Pads

      ±8 Acres, Prime Commercial Location
      0 Saginaw - Nwq - Sassafras St. & Bailey Boswell Rd, Fort Worth, TX 76131
      View Details
    • Contact for pricing
      43.00 Acres

      Fort Worth Commercial Land - 43 Acres

      Prime 43-acre commercial land, I-35W & Heritage Trace Pkwy.
      I-35w & Heritage Trce Pkwy, Fort Worth, TX 76131
      View Details
    • $2,600,000
      9.49 Acres

      Fort Worth Land for Sale

      9.4 acre commercial land parcel in Fort Worth, Texas.
      8800 Blue Mound Rd, Fort Worth, TX 76131
      View Details
    • $1,011,830

      Land For Sale

      Land available for sale in Fort Worth, Texas.
      3001 Fair Dr, Fort Worth, TX 76131
      View Details
    • Contact for pricing
      8 SF

      Fort Worth Commercial Land Available

      8-acre commercial land suitable for heavy equipment or truck dealer.
      NE Loop 820 S, Fort Worth, TX 76131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      163,080 SF

      Fort Worth Warehouse with Truck Court

      163,080 SF warehouse with ample parking and loading docks.
      8352 Harmon Rd, Fort Worth, TX 76131
      View Details
    • $11 SF/Yr
      45,000 SF

      Blue Mound Rd Warehouse Space

      Flexible Warehouse Space in Blue Mound, TX
      910-990 Blue Mound Rd, Blue Mound, TX 76131
      View Details
    • Contact for pricing
      132,434 SF

      Fort Worth Warehouse Space

      132,434 SF warehouse space available for lease.
      1290 Cantrell Sansom Rd, Fort Worth, TX 76131
      View Details
    • Contact for pricing
      45,000 SF

      Saginaw Warehouse Space Available

      Multiple Units, 5,000-8,572 SF
      900 Blue Mound Rd, Saginaw, TX 76131
      View Details
    • Contact for pricing
      4,000 SF

      Warehouse Space with Bay Doors

      4,000 sq ft warehouse with office and restroom.
      880 S Blue Mound Rd, Fort Worth, TX 76131
      View Details
    • Contact for pricing
      304,665 SF

      New Industrial Property For Lease

      New industrial property with dock doors and great access.
      8200 Harmon Rd, Fort Worth, TX 76131
      View Details
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    1009 Northway Dr
    Fort Worth, TX 76131-1420
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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