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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Grocery and convenience stores
1101 Hemphill St Fort Worth, TX 76104-4602
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9700814
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
2013
Total area
5,907 SF
Lot
1.21 ac (52,925 SF)
APN
47840-A-1R
UPID
US82-9700814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Amazon Locker - Paisley Postal Service Courier Service
-
ATM Atm
-
Western Union Bank Credit Union
-
QuikTrip Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$655k
Owner & transaction history
Groce,gaylen · 16 yrs held
Groce,gaylen
since 2010
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$855,000
+24.2%
Auto repair, garage
$745,000
+8.6%
Restaurant
$720,000
+4.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Worth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$690,000
Current use
COMMERCIAL (GENERAL)
$855,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +9% · Conversion: Difficult
RESTAURANT
$720,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: -6% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$76,212
Tax year 2023
Assessed value
$3,355,906
Assessed 2024
Previous assessed
$3,368,089
-0.4% YoY
Effective rate
2.27%
On assessed value
Assessed land
$1,852,830
Assessed improvement
$1,503,076
Land market value
$1,852,830
Improvement market value
$1,503,076
Total market value
$3,355,906
Applied tax rate
223.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
5,907 SF
Lot
1.21 ac (52,925 SF)
APN
47840-A-1R
UPID
US82-9700814
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$745,000
RESTAURANT
Est. value
$720,000
RETAIL STORES
Est. value
$695,000
OFFICE BUILDING
Est. value
$645,000
MEDICAL BUILDING
Est. value
$565,000
SERVICE STATION (FULL SERVICE) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Groce,gaylen
Individual
Mailing address
5427 E BERNEIL DR, PARADISE VALLEY, AZ 85253-1653
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2020
—
Norsan 2116 LLC
—
Deed
related
$2,900,000 · Eecu
Apr 22, 2010
—
Groce,gaylen
Nelkin,eli
Warranty Deed
$590,000 · Eli L Nelkin
—
—
Karmali Holdings INC
—
Deed Of Trust
related
$9,226 · Texas Land Fin Co II
—
—
Karmali Holdings INC
—
Deed Of Trust
related
$8,551 · Texas Land Fin Co II
—
—
Norsan 2116 LLC
—
Loan Modification
related
$2,900,000 · Eecu
—
—
Karmali Holdings INC
—
Loan Modification
related
$472,198 · United Ctrl Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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