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

    1090 Schoolhouse Rd Haslet, TX 76052-3706

    • Strip malls
    • 8,190 SF
    • 0.90 lot acres
    OFF-MARKET
    Last Sale
    Jan 18, 2022
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0594206
    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

    • Restore Chiropractic / Chiropractor
    • Sprout and Blossom Counseling / Counselor
    • Amy Fowler Therapy / Counselor / Psychotherapist
    • A Better You Wellness / Mental Health Service
    • Froth Coffee Bar / Coffee Shop / Bakery

    Property Details for 1090 Schoolhouse Rd

    Year built
    2019
    Lot size
    0.90 lot acres
    Property size
    8,190 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    37646-1-2R
    APU
    3764612R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $441,000
      Market price range: $211k - $505k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $350,000
      Current use
      RETAIL STORES
      $705,000
      Change: +101% Conversion: Easy
      MEDICAL BUILDING
      $675,000
      Change: +92% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Haslet
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3499
    Latitude
    32.9621
    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
    $30,944
    $236,364
    $1,315,636
    $1,552,000
    -
    $236,364
    $1,315,636
    $1,552,000

    Comparable in this City

    • Value Estimation
      $565,000
      30,788 SF

      2484 Avondale Haslet Rd

      SHOPPING CENTER, STRIP CENTER • 30,788 SF
      2484 Avondale Haslet Rd, Haslet, TX 76052-6252
      View Details
    • Value Estimation
      $335,000
      4,776 SF

      167 Avondale Haslet Rd

      SHOPPING CENTER, STRIP CENTER • 4,776 SF
      167 Avondale Haslet Rd, Haslet, TX 76052-3622
      View Details
    • Value Estimation
      $505,000
      10,500 SF

      1195 Fm 156th S

      SHOPPING CENTER, STRIP CENTER • 10,500 SF
      1195 Fm 156th S, Haslet, TX 76052-4065
      View Details
    • Value Estimation
      $430,000
      22,682 SF

      2400 Westport Pkwy

      SHOPPING CENTER, STRIP CENTER • 22,682 SF
      2400 Westport Pkwy, Haslet, TX 76052
      View Details
    • Value Estimation
      $365,000
      3,360 SF

      1099 Schoolhouse Rd

      SHOPPING CENTER, STRIP CENTER • 3,360 SF
      1099 Schoolhouse Rd, Haslet, TX 76052-3710
      View Details
    • Value Estimation by Request
      7,500 SF

      2125 Avondale-Haslet Rd

      Retail properties • 7,500 SF
      2125 Avondale-Haslet Rd, Haslet, TX 76052
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

      Sendera Ranch Retail Opportunity

      Haslet, TX Retail Space & Pad Sites
      13951 Sendera Ranch Blvd, Haslet, TX 76052
      View Details
    • $9,103,000
      4,853 SF

      New 7-Eleven with Corporate Lease

      New construction 7-Eleven with 15-year corporate lease near Kroger.
      14900 Sendera Ranch Blvd, Haslet, TX 76052
      View Details
    • Contact for pricing
      300,000 SF

      Hunter Crossroads: ±10 Acres Haslet, TX

      Prime Haslet land, ±10.47 acres, future retail development.
      2401 Avondale-Haslet Rd, Fort Worth, TX 76052
      View Details
    • Contact for pricing
      22.20 Acres

      Prime 22-Acre Commercial Land

      Fort Worth, TX development opportunity.
      0 Haslet Etj - Sec - Haslet Pkwy. & Harmon Rd, Fort Worth, TX 76052
      View Details
    • $225,000
      0.50 Acres

      Half-Acre Lot in Haslet, TX

      Half-acre lot in The Vines of Haslet neighborhood.
      2120 Sicily Ln, Haslet, TX 76052
      View Details
    • $675,000
      1.28 Acres

      Commercial Land in Haslet, TX

      1.28-acre commercial land for development in Haslet, Texas.
      1404 Fm 156 S, Haslet, TX 76052
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      7,500 SF

      Avondale Retail Space For Lease

      High-traffic retail space, excellent visibility.
      2125 Avondale-Haslet Rd, Haslet, TX 76052
      View Details
    • Contact for pricing
      16,600 SF

      Shops at Sendera Ranch: Haslet, TX

      New Retail Space - 16,600 SF Available
      13951 Sendera Ranch Blvd, Haslet, TX 76052
      View Details
    • $186 SF/Yr
      8,750 SF

      Willow Springs Business Park Flex Space

      Haslet, TX flex space; 2,500-6,250 sq ft available.
      2020 Avondale-Haslet Rd, Haslet, TX 76052
      View Details
    • Contact for pricing
      8,400 SF

      Executive Suites, Willow Springs Rd.

      Class A Office Space Available Now
      12500 Willow Springs Rd, Haslet, TX 76052
      View Details
    • Contact for pricing

      Industrial Land Near Willow Springs

      15.021 acres of industrial land for lease.
      12452 Willow Springs Rd, Haslet, TX 76052
      View Details
    • Contact for pricing

      Warehouse/Distribution Facility in Haslet, TX

      Two-story warehouse/distribution facility in Alliance Gateway industrial corridor.
      1701 Intermodal Pkwy, Haslet, TX 76052
      View Details
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    Haslet, TX 76052-3706
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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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