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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1301 Seminary Dr Fort Worth, TX 76115-2945

    • Grocery and convenience stores
    • 3,513 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Aug 02, 2024
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4022211
    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

    • K & K / Grocery Store
    • Pollos Asados El Canelo / Chicken Restaurant
    • Offitax & Bookkeeping Services LLC Fort Worth / Tax Preparation Service / Service Establishment

    Property Details for 1301 Seminary Dr

    Year built
    1960
    Lot size
    0.58 lot acres
    Property size
    3,513 SF
    Property type
    Grocery and convenience stores
    APN
    6583-1-1R
    APU
    658311R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $266,000
      Market price range: $157k - $513k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $310,000
      Current use
      AUTO REPAIR, GARAGE
      $460,000
      Change: +50% Conversion: Difficult
      OFFICE BUILDING
      $460,000
      Change: +49% Conversion: Easy
      MEDICAL BUILDING
      $310,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3094
    Latitude
    32.6849
    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
    $7,892
    $76,272
    $213,728
    $290,000
    -
    $76,272
    $213,728
    $290,000

    Comparable in this City

    • Value Estimation
      $280,000
      1,485 SF

      4821 Ss Fwy

      CONVENIENCE STORE (W/FUEL PUMP) • 1,485 SF
      4821 Ss Fwy, Fort Worth, TX 76115-4003
      View Details
    • Value Estimation
      $210,000
      1,800 SF

      1151 Seminary Dr

      CONVENIENCE STORE (W/FUEL PUMP) • 1,800 SF
      1151 Seminary Dr, Fort Worth, TX 76115-2831
      View Details
    • Value Estimation
      $275,000
      0.09 Acres

      4216 Hemphill St

      GROCERY, SUPERMARKET • 0.09 Acres
      4216 Hemphill St, Fort Worth, TX 76115
      View Details
    • Value Estimation
      $270,000
      880 SF

      5530 James Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 880 SF
      5530 James Ave, Fort Worth, TX 76115-4119
      View Details
    • Value Estimation
      $310,000
      3,195 SF

      4355 Frazier Ave

      GROCERY, SUPERMARKET • 3,195 SF
      4355 Frazier Ave, Fort Worth, TX 76115-1937
      View Details
    • Value Estimation
      $240,000
      2,464 SF

      5122 James Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 2,464 SF
      5122 James Ave, Fort Worth, TX 76115-3819
      View Details

    Similar Nearby for Sale

    • $600,000
      4,100 SF

      Fort Worth Restaurant - $600K

      Prime Restaurant Location, High Visibility
      308 Kellis St, Fort Worth, TX 76115
      View Details
    • $800,000
      0.33 Acres

      Retail Opportunity in Fort Worth

      Retail property available for sale in Fort Worth, Texas.
      1017 E Seminary Dr, Fort Worth, TX 76115
      View Details
    • Contact for pricing
      1.50 Acres

      Fort Worth Commercial Land - 1.5 Acres

      Prime 1.5-acre commercial lot in Fort Worth, TX.
      4749 Mccart Ave, Fort Worth, TX 76115
      View Details
    • Contact for pricing

      Raw Land Near I-20

      Approximately 1.5 acres of raw land in Fort Worth, TX.
      4749 Mccart Ave, Fort Worth, TX 76115
      View Details
    • Contact for pricing

      Land Available for Sale

      Land available for sale in Burleson, Texas.
      1016 E Oak Grove Rd, Fort Worth, TX 76115
      View Details
    • Contact for pricing
      3,000 SF

      Fort Worth Commercial Office Space

      Commercial office space available in Fort Worth, Texas.
      1600 N California Pkwy N, Fort Worth, TX 76115
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,500 SF

      Retail, Office, and Flex Spaces

      Retail, office, and flex spaces available for lease.
      5197 Mccart Ave, Fort Worth, TX 76115
      View Details
    • Contact for pricing
      1,600 SF

      Retail, Office, Flex Spaces Available

      Retail, office, and flex spaces for lease.
      5207-5215 Mccart Ave, Fort Worth, TX 76115
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space on W Seminary

      Retail space for lease with high traffic and parking.
      117 W Seminary Dr, Fort Worth, TX 76115
      View Details
    • $12,000 /Mo

      Secured Trailer Parking Available

      Lighted and secure trailer parking at major Fort Worth intersection.
      5200 South Fwy, Fort Worth, TX 76115
      View Details
    • Contact for pricing
      4,644 SF

      Restaurant Space Near I-35

      Restaurant space with high traffic, freeway visibility, and ample parking.
      4855 South Fwy, Fort Worth, TX 76115
      View Details
    • Contact for pricing
      6,500 SF

      McCart Plaza Retail Space Available

      Neighborhood center retail space; flexible layouts.
      5211 Mccart Ave, Fort Worth, TX 76115
      View Details
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    1301 Seminary Dr
    Fort Worth, TX 76115-2945
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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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