Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    12321 Hey Dr Fort Worth, TX

    • Warehouses
    • 0.72 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4994444
    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

    • Warehouses

    Property Details for 12321 Hey Dr

    Year built
    1965
    Lot size
    0.72 lot acres
    Property type
    Warehouses
    APN
    21553F-1-3
    APU
    21553F13

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2999
    Latitude
    32.5781
    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
    $207
    $15,700
    $0.00
    $15,700
    -
    $15,700
    $0.00
    $15,700

    Comparable in this City

    • Value Estimation
      $90,000
      1,064 SF

      Roosevelt Ave, TX

      WAREHOUSE, STORAGE • 1,064 SF
      Roosevelt Ave, TX
      View Details
    • Value Estimation
      $1,825,000
      117,650 SF

      Business Park

      WAREHOUSE, STORAGE • 117,650 SF
      Business Park, Dr, TX
      View Details
    • Value Estimation
      $1,120,000
      401,606 SF

      E

      WAREHOUSE, STORAGE • 401,606 SF
      E, Commerce St, TX
      View Details
    • Value Estimation
      $865,000
      94,050 SF

      Energy Dr

      MINI-WAREHOUSE, STORAGE • 94,050 SF
      Energy Dr, Nu, TX
      View Details
    • Value Estimation
      $250,000
      240 SF

      Fm 849, TX

      MINI-WAREHOUSE, STORAGE • 240 SF
      13440, Fm 849, TX
      View Details
    • Value Estimation
      $1,960,000
      216,093 SF

      Military Hwy

      WAREHOUSE, STORAGE • 216,093 SF
      Military Hwy, Mcallen, TX
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      102,060 SF

      Hutto Class A Industrial Building

      Class A industrial building in Hutto, Texas, near SH-130.
      Innovation Blvd & Limmer Loop, Hutto, TX
      View Details
    • Contact for pricing
      200 SF

      Pleasanton Warehouse with Water Tank

      200 SF warehouse featuring a water tank and bay door.
      586 Co Rd, Pleasanton, TX
      View Details
    • $355,000
      2,200 SF

      New Warehouse/Shop Near Downtown

      Newly constructed warehouse/shop with office space near downtown San Angelo.
      301 Mlk, San Angelo, TX
      View Details
    • $800,000
      3,315 SF

      Warehouse with Fenced Lot

      Warehouse with finished, fenced two-acre lot suitable for trucking.
      14621 Punta Pl, Clint, TX
      View Details
    • Contact for pricing
      20,147 SF

      New Boston Warehouse For Sale

      20,147 sqft warehouse on approximately 3 acres.
      107 Chapel Ln, New Boston, TX
      View Details
    • $890,000

      Versatile Commercial Property Near Sinton

      2,400 sq ft office, shop/warehouse on 5+ acres.
      15039-15073 S 181, Sinton, TX
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      3,200 SF

      Luling Warehouse and Office Space

      Office and warehouse space for lease in Luling, Texas.
      12550 Us-183, Luling, TX
      View Details
    • $5,000 /Mo
      9,680 SF

      Sherman Warehouse with Outdoor Storage

      Warehouse space with secure outdoor storage, built in 2008.
      10679 Tx-56, Sherman, TX
      View Details
    • $0.24 SF/Yr
      167,871 SF

      Galveston Warehouse Space Available

      167,871 SF warehouse space for lease in Galveston, TX.
      4200 Ball St Ave, Galveston, TX
      View Details
    • Contact for pricing
      484,424 SF

      Baytown Warehouse Space Available

      Large industrial warehouse space available for lease in Baytown.
      Kilgore Pkwy, Baytown, TX
      View Details
    • $6,300 /Mo
      7,200 SF

      West Lubbock Office/Warehouse Space

      Versatile 7,200 SF office/warehouse in prime West Lubbock location.
      6615 Winfield Ave, Lubbock, TX
      View Details
    • $20,000 /Mo
      17,950 SF

      Crane Ready Warehouse with Residence

      17,950 SF warehouse on 9 acres with residence.
      4112 Tx-349, Midland, TX
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12321 Hey Dr
    Fort Worth, TX
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.