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Property profile & analytics
OFF-MARKET
Estimated value
$5,835,000
Office buildings
111 Boland St Fort Worth, TX 76107-1263
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4090171
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2015
Total area
42,000 SF
Lot
1.59 ac (69,435 SF)
APN
26480-33
UPID
US82-4090171
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
-
Lonestar Resources Oil & Natural Gas Company
-
Prius Intelli Corporate Office
-
Seamless Accounting Firm Tax Preparation
-
Four Cornerstone (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$5.84M
Owner & transaction history
Mereken Energy Corp · 3 yrs held
Mereken Energy Corp
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.0M
+55.6%
Restaurant
$4.8M
+48.1%
Retail stores
$4.7M
+45.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,020,000
Change: +56% · Conversion: Easy
RESTAURANT
$4,780,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$4,690,000
Change: +45% · Conversion: Moderate
MEDICAL BUILDING
$4,165,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$5.84M
Range $5.25M – $6.42M · ±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
$139 / 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
$166,310
Tax year 2023
Assessed value
$8,441,919
Assessed 2024
Previous assessed
$7,349,825
+14.9% YoY
Effective rate
1.97%
On assessed value
Assessed land
$138,898
Assessed improvement
$8,303,021
Land market value
$138,898
Improvement market value
$8,303,021
Total market value
$8,441,919
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
3
Total area
42,000 SF
Lot
1.59 ac (69,435 SF)
APN
26480-33
UPID
US82-4090171
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
COMMERCIAL (GENERAL)
Est. value
$5.0M
RESTAURANT
Est. value
$4.8M
RETAIL STORES
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2015
Heating
NONE
Stories
3
Lot
1.59 ac
Current owner
From public records · entity-resolved
Mereken Energy Corp
Entity
Mailing address
777 TAYLOR ST STE #1126, FORT WORTH, TX 76102-4921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jul 22, 2022
—
Mereken Energy Corp
Boland Building LLC
Special Warranty Deed
—
Nov 30, 2017
—
Boland Building LLC
—
Deed
related
$1,360,000 · Legacy Bk/tx
Aug 4, 2017
—
Boland Building LLC
111 Boland LLC
Quit Claim Deed
$5,800,000 · Legacy Bk/tx
Sep 24, 2014
—
111 Boland LLC
—
Trustees Deed
related
$6,600,000 · Legacy Bk/tx
Jan 13, 2014
—
111 Boland LLC
Faith Cmnty Ch Of Ft Worth INC
Warranty Deed
$937,500 · Legacytexas Bank
—
—
Boland Building LLC
—
Deed Of Trust
related
$1,360,000 · Legacy Bk/tx
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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