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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Medical Office Space
1425 8th Ave Fort Worth, TX 76104-4151
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US82-4321693
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1940
Total area
10,100 SF
Lot
0.23 ac (9,866 SF)
APN
27200----F----F6--T1
UPID
US82-4321693
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
-
Eighth Avenue Obstetrics & Gynecology Physician
-
Cynthia Robbins, MD, PA Physician
-
Revitalize Wellness Center, P.A. Medical Clinic
-
Pattyann Hardt, MD, PA Physician
-
Rita Wood, DO, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$845k
Owner & transaction history
Teton Group LLC · 17 yrs held
Teton Group LLC
since 2009
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+31.7%
Restaurant
$1.2M
+26.6%
Retail stores
$1.2M
+22.5%
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
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$970,000
Current use
AUTO REPAIR, GARAGE
$1,275,000
Change: +32% · Conversion: Difficult
RESTAURANT
$1,230,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,190,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,100,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$84 / 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
$42,653
Tax year 2023
Assessed value
$2,191,700
Assessed 2024
Previous assessed
$1,885,000
+16.3% YoY
Effective rate
1.95%
On assessed value
Assessed land
$157,920
Assessed improvement
$2,033,780
Land market value
$157,920
Improvement market value
$2,033,780
Total market value
$2,191,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1940
Heating
NONE
Stories
2
Total area
10,100 SF
Lot
0.23 ac (9,866 SF)
APN
27200----F----F6--T1
UPID
US82-4321693
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Teton Group LLC
Entity
Mailing address
1425 8TH AVE, FORT WORTH, TX 76104-4151
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2020
—
Teton Group LLC
—
Deed
related
$1,320,000 · First Fin'l Bk&tr
Sep 9, 2009
—
Teton Group LLC
—
Grant Deed
related
$1,123,860 · Frost National Bank
May 21, 2009
—
Teton Group LLC
Hahnfeld Hoffer & Stanford LLC
Grant Deed
$1,989,791 · Frost National Bank
Oct 28, 1999
—
Hahnfeld Hoffer & Stanford LLC
Turner,barbara A
Grant Deed
$168,000 · Frost National Bank
Sep 8, 1997
$43,000
Berkowitz Properties INC
Oasis Educational Center INC
Trustees Deed
—
—
—
Teton Group LLC
—
Deed Of Trust
related
$1,320,000 · First Fin'l Bk&tr
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.
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