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    Property profile & analytics

    1012 Florence St Fort Worth, TX 76102

    • Auto shops
    • 3,600 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4729711
    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

    • Auto shops

    Property Details for 1012 Florence St

    Year built
    1948
    Lot size
    0.17 lot acres
    Property size
    3,600 SF
    Property type
    Auto shops
    APN
    21640-11-4A
    APU
    21640114A

    Description

    This 3,600 square foot retail space, located at 1012 Florence St, Fort Worth, Texas 76102, presents a fantastic opportunity for an auto repair and service center. The property is a single-tenant building situated in Tarrant County and offers a range of desirable features. Previously used as an auto service center, the building is well-suited for a similar business. The property includes a fenced lot, providing ample security and space. A security system is already in place, enhancing the safety and security of the premises. The building benefits from 24-hour access, convenient for both employees and customers. Its location is further enhanced by proximity to a bus line and banking facilities. Inside, the space features tenant-controlled HVAC for optimal climate control, along with skylights that provide natural light. Additional storage space is available on-site, and a car charging station is a valuable modern amenity. For specific zoning information regarding permitted uses, contact the City of Fort Worth Zoning Department at (817) 392-8028 or visit their website at fortworthtexas.gov/departments/development-services/zoning. This property offers a turnkey solution for an auto repair business seeking a well-equipped and conveniently located space in Fort Worth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $334,000
      Market price range: $211k - $640k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3368
    Latitude
    32.7485
    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
    $6,539
    $288,000
    $1,000
    $289,000
    -
    $288,000
    $1,000
    $289,000

    Comparable in this City

    • Value Estimation
      $295,000
      2,794 SF

      1101 Belknap St

      AUTO REPAIR, GARAGE • 2,794 SF
      1101 Belknap St, Fort Worth, TX 76102-2404
      View Details
    • Value Estimation
      $310,000
      1,200 SF

      1043 11th St

      AUTO REPAIR, GARAGE • 1,200 SF
      1043 11th St, Fort Worth, TX 76102-1144
      View Details
    • Value Estimation
      $285,000
      0.12 Acres

      1100 Blf St

      AUTO REPAIR, GARAGE • 0.12 Acres
      1100 Blf St, Fort Worth, TX 76102-2417
      View Details
    • Value Estimation
      $295,000
      1,500 SF

      1012 12th St

      AUTO REPAIR, GARAGE • 1,500 SF
      1012 12th St, Fort Worth, TX 76102-1105
      View Details
    • Value Estimation
      $275,000
      673 SF

      1039 11th St

      AUTO REPAIR, GARAGE • 673 SF
      1039 11th St, Fort Worth, TX 76102-1144
      View Details
    • Value Estimation
      $545,000
      16,778 SF

      501 Nn Fwy

      AUTO REPAIR, GARAGE • 16,778 SF
      501 Nn Fwy, Fort Worth, TX 76102-1707
      View Details

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    1012 Florence St
    Fort Worth, TX 76102
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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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