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

    1407 8th Ave Fort Worth, TX 76104-4111

    • Retail space
    • 3,034 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0226660
    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

    • Pendery's World of Chiles and Spices: Fort Worth / Spice Store

    Property Details for 1407 8th Ave

    Year built
    1925
    Lot size
    0.22 lot acres
    Property size
    3,034 SF
    Property type
    Retail space
    APN
    27200-F-F3
    APU
    27200FF3

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $536,000
      Market price range: $192k - $536k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $355,000
      Current use
      COMMERCIAL (GENERAL)
      $440,000
      Change: +23% Conversion: Easy
      AUTO REPAIR, GARAGE
      $385,000
      Change: +7% Conversion: Difficult
      OFFICE BUILDING
      $330,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3434
    Latitude
    32.729
    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
    $15,224
    $187,600
    $543,200
    $730,800
    -
    $187,600
    $543,200
    $730,800

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      1000 Daggett Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      1000 Daggett Ave, Fort Worth, TX 76104
      View Details
    • Value Estimation by Request
      971 SF

      1501 Vickery Blvd

      RETAIL STORES (PERSONAL SERVICES) • 971 SF
      1501 Vickery Blvd, Fort Worth, TX 76104-3851
      View Details
    • Value Estimation by Request
      2,709 SF

      500 Riverside Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,709 SF
      500 Riverside Dr, Fort Worth, TX 76104-1821
      View Details
    • Value Estimation by Request
      1,232 SF

      1618 Magnolia Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,232 SF
      1618 Magnolia Ave, Fort Worth, TX 76104-5625
      View Details
    • Value Estimation
      $725,000
      4,480 SF

      1455 Magnolia Ave Ste, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 4,480 SF
      1455 Magnolia Ave Ste, Fort Worth, TX 76104-4291
      View Details
    • Value Estimation by Request
      2,700 SF

      1912 Rosedale St

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      1912 Rosedale St, Fort Worth, TX 76104-5646
      View Details

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    • Contact for pricing
      4,420 SF

      Fort Worth Retail Investment Opportunity

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    • $219,900
      0.89 Acres

      Historic Fort Worth Retail Condo

      Ground-floor commercial condo in revitalized Near Southside district.
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      2,000 SF

      Retail/Office Space in Fort Worth

      2,000 SF retail/office space in a prime location.
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    • $608,000
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      Commercial Building in Downtown Fort Worth

      Stand-alone commercial building ideal for office or retail in Fort Worth.
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      Move-in ready office space in the Near Southside district.
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      Prime Retail Pad Site, High Traffic
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    Similar Nearby for Lease

    • $2,200 /Mo
      4,051 SF

      Fort Worth Commercial Building For Rent

      Stand-alone commercial building in downtown Fort Worth, ideal for office/retail.
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    • $30 SF/Yr
      2,730 SF

      Retail Space Available For Lease

      Retail space available for lease in Fort Worth, Texas.
      504-616 W Rosedale St, Fort Worth, TX 76104
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    • Contact for pricing
      1,954 SF

      Near Southside Mixed-Use Space

      Modern creative office, medical, retail, and restaurant space for rent.
      701-711 W Magnolia Ave, Fort Worth, TX 76104
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    • $40 SF/Yr
      4,034 SF

      Retail Space in Fort Worth

      Retail space available in renovated building with ample parking.
      501 Hemphill St, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      3,600 SF

      Restaurant Space on Magnolia Avenue

      3,600 SF restaurant space in high-traffic area.
      1512 W Magnolia Ave, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      10,000 SF

      Adaptable Space in Medical District

      Versatile space suitable for office, medical, or retail use.
      550-558 Hemphill St, Fort Worth, TX 76104
      View Details
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    1407 8th Ave
    Fort Worth, TX 76104-4111
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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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