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    1300 Nwnw Pkwy Azle, TX 76020-2827
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    Property profile & analytics

    1300 Nwnw Pkwy, Azle, TX 76020-2827

    View on Map
    • Turn key restaurants
    • 5,954 SF
    • 3.43 lot acres
    Off-Market
    Last Sale Dec 5, 2024
    Property ID
    US82-9364980
    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.
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1300 Nwnw Pkwy

    Lot size
    3.43 lot acres
    Property type
    Turn key restaurants
    APN
    18245-001-001-00
    APU
    1824500100100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2018 — Maria L Garcia Tarrant Professional Ptrs LLC Warranty Deed —
    Dec 18, 2017 — Maria L Garcia Tarrant Professional Ptrs LLC Warranty Deed —
    — — Burris,jimmy W — Loan Modification · related $15k · Prosperity Bk Br 107
    — — Burris,jimmy W — Deed Of Trust · related $293k · Interbay Fndg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $772,000
      Market price range: $467k - $833k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $640,000
      Current use
      COMMERCIAL (GENERAL)
      $995,000
      Change: +56% Conversion: Easy
      AUTO REPAIR, GARAGE
      $790,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $625,000
      Change: -2% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $550,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Azle
    County
    Parker
    State
    Texas
    Longitude
    -97.5625
    Latitude
    32.9057
    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
    $31,083
    $747,060
    $747,800
    $1,494,860
    -
    $747,060
    $747,800
    $1,494,860

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      101 Main St

      RESTAURANT
      101 Main St, Azle, TX 76020-3117
      View Details
    • Value Estimation
      $535,000
      5,828 SF

      1303 Nwnw Pkwy

      RESTAURANT
      1303 Nwnw Pkwy, Azle, TX 76020-2826
      View Details
    • Value Estimation
      $745,000
      8,708 SF

      1810 Reno Rd

      RESTAURANT
      1810 Reno Rd, Azle, TX 76020
      View Details
    • Value Estimation by Request
      4,728 SF

      597 Nwnw Pkwy

      RESTAURANT
      597 Nwnw Pkwy, Azle, TX 76020-2913
      View Details
    • Value Estimation by Request
      3,108 SF

      1814 Reno Rd

      RESTAURANT
      1814 Reno Rd, Azle, TX 76020
      View Details
    • Value Estimation by Request
      3,799 SF

      501 Stewart St

      RESTAURANT
      501 Stewart St, Azle, TX 76020-3237
      View Details

    Similar Nearby for Sale

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      $599,000
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      Commercial Day Care Facility Opportunity

      Commercial property with FM 730 visibility and a prior licensed day care layout, ready for adaptive retail, medical, or service use.
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    • New
      $70,000
      0.27 Acres

      Flexible Land with Garage Structure

      Three combined lots with on-site water and available electricity, plus a garage needing renovation for added value.
      7151 Alcove St, Azle, TX 76020
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    • $1,100,000
      2.30 Acres

      Hard-Corner Development Land

      2.30-acre hard-corner site with Highway 199 frontage, strong visibility, utilities available, and existing building potential.
      501 Red Bud Dr, Azle, TX 76020
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    • $649,000
      1.34 Acres

      Light Commercial Property with Two Buildings

      High-visibility light commercial site with two buildings, strong Highway frontage, and ample parking for owner-users or investors.
      1917 Az, Sanctuary, TX 76020
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      4,158 SF

      Azle Commercial Property For Sale

      Commercial property with redevelopment potential in high-traffic Azle location.
      1129 Boyd Rd, Azle, TX 76020
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    • $1,200,000
      1.16 Acres

      Retail Property for Sale

      Offered for sale on a 1.16-acre lot in Azle, providing room to support a variety of retail concepts.
      12258 S Fm 730, Azle, TX 76020
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    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Retail Center in Azle

      Two-story retail center with diverse tenant mix near Highway 199.
      100-252 Park Pl, Azle, TX 76020
      View Details
    • $24 SF/Yr
      2,200 SF

      Restaurant-Ready Strip Retail Center

      Prime FM 730 visibility with ample parking and flexible unit sizes, including spaces suited for restaurants.
      13008 S Fm 730, Azle, TX 76020
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space on FM 730

      Prime retail location with high traffic exposure on FM 730.
      13008 S Fm 730, Azle, TX 76020
      View Details
    • Contact for pricing
      9,000 SF

      Retail Units For Lease

      Retail units available for lease in high-traffic area.
      13006 S Fm 730, Azle, TX 76020
      View Details
    • Contact for pricing
      1,268 SF

      Neighborhood Center Retail Space

      Retail space available in Tarrant County neighborhood center.
      100-252 Park Pl, Azle, TX 76020
      View Details
    • Contact for pricing
      1,100 SF

      Retail and Office Center

      Retail and office spaces available in Azle's main corridor.
      328 W Main St, Azle, TX 76020
      View Details
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    Azle, TX 76020-2827
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    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
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