Back to Search
Property profile & analytics
FOR SALE
Investment properties
1217 8Th Ave Fort Worth, TX 76104
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US83-0565824
For Sale
1 / 3
$5,515,000
1217 8Th Ave, Fort Worth, TX 76104
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2017
Total area
21,654 SF
Lot
0.43 ac (18,818 SF)
APN
3750-3-3R
UPID
US83-0565824
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
-
Soul Sweat Hot Yoga Gym & Fitness Center
-
White Rhino Coffee Cafe & Coffee Shop
-
Cheba Hut Toasted Subs Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.05M
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$5.52M
Owner & transaction history
Funky Town Development LLC · 1 yrs held
Funky Town Development LLC
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$6,550,000
6.5%
$6,045,000
7%
$5,615,000
Blend value · Realmo final
$5.52M
Range $4.96M – $6.07M · ±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
$255 / 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
$148,535
Tax year 2023
Assessed value
$6,907,626
Assessed 2024
Previous assessed
$6,564,304
+5.2% YoY
Effective rate
2.15%
On assessed value
Assessed land
$752,717
Assessed improvement
$6,154,909
Land market value
$752,717
Improvement market value
$6,154,909
Total market value
$6,907,626
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
2017
Heating
NONE
Stories
3
Total area
21,654 SF
Lot
0.43 ac (18,818 SF)
APN
3750-3-3R
UPID
US83-0565824
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
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
3
Lot
0.43 ac
Current owner
From public records · entity-resolved
Funky Town Development LLC
Entity
Mailing address
PO BOX 100104, FORT WORTH, TX 76185-0104
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
Funky Town Development LLC
—
Deed
related
$2,800,000 · Funky Town Development LLC
Aug 14, 2020
—
Funky Town Dev LLC
—
Deed
related
$7,040,000 · Community Nat'l Bk&tr/tx
May 20, 2020
—
Funky Town Dev LLC
—
Deed
related
$800,000 · Agarita Mgmt Co LLC
—
—
Funky Town Dev LLC
—
Deed Of Trust
related
$800,000 · Agarita Mgmt Co LLC
—
—
Funky Town Dev LLC
—
Deed Of Trust
related
$7,040,000 · Community Nat'l Bk&tr/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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
