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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Retail space
1201 Magnolia Ave Fort Worth, TX 76104-4437
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1091726
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
9,200 SF
Lot
0.12 ac (5,297 SF)
APN
22710-A-1R
UPID
US82-1091726
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
-
Auto Key Fort Worth Locksmith
-
SP+ Parking Parking Lot & Garage
-
Scarlett Grace Beauty Bar Spa & Massage Center Skin Care Clinic
-
Edward Jones - Financial Advisor: Dan Green, CFP® Financial Advisor
-
Cartan's Shoes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.43M
Owner & transaction history
Harmony Realty LLC · 10 yrs held
Harmony Realty LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+22.9%
Auto repair, garage
$1.2M
+7.5%
Restaurant
$1.1M
+3.4%
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
RETAIL STORES
$1,080,000
Current use
COMMERCIAL (GENERAL)
$1,330,000
Change: +23% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,165,000
Change: +7% · Conversion: Difficult
RESTAURANT
$1,120,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$1,005,000
Change: -7% · Conversion: Easy
MEDICAL BUILDING
$885,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$155 / 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
$37,177
Tax year 2023
Assessed value
$1,794,000
Assessed 2024
Previous assessed
$1,643,000
+9.2% YoY
Effective rate
2.07%
On assessed value
Assessed land
$212,000
Assessed improvement
$1,582,000
Land market value
$212,000
Improvement market value
$1,582,000
Total market value
$1,794,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
9,200 SF
Lot
0.12 ac (5,297 SF)
APN
22710-A-1R
UPID
US82-1091726
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
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$885,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1965
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Harmony Realty LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3500 W LOOP 820TH S, FORT WORTH, TX 76116-6616
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jan 25, 2016
—
Harmony Realty LLC
Texas Reverse Exchange Holding
Grant Deed
related
—
Aug 14, 2015
—
Texas Reverse Exchange Holding
Larkspur Property LLC
Grant Deed
related
—
May 7, 2015
—
Larkspur Property LLC
Schulman & Slaughter Ptshp
Warranty Deed
$387,500 · Martin Schulman
Jun 2, 2009
—
Schulman Ptshp
Slaughter,stephen C
Quit Claim Deed
related
$495,000 · Southwest Bank
—
—
Martin Schulman
—
Deed Of Trust
related
$100,000 · Fort Worth National Bank
—
—
Martin Schulman
—
Deed Of Trust
related
$130,000 · Fort Worth National Bank
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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