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    1515 E Peach St Fort Worth, TX 76102

    • Commercial real estate
    For Sale
    View listing
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3043713
    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

    • Commercial real estate

    Property Details for 1515 E Peach St

    Property type
    Commercial real estate
    APN
    01361341

    Description

    This exceptional 5,009 square foot commercial lot presents a unique investment opportunity in Fort Worth, Texas. Located at 1515 E Peach St, 76102, this property boasts a prime corner location at the intersection of E Peach Street and N Diamond Ave, within a thriving commercial-industrial area. The lot's strategic position offers excellent visibility and accessibility. Its proximity to key amenities, including the train station, downtown Fort Worth, various restaurants and shopping centers, the Trinity Trails, and major highways, enhances its appeal and potential for development. The surrounding area features a blend of commercial and residential properties, creating a dynamic and desirable location. The property's APN is 01361341. This vacant lot is priced at $100,000 and is zoned for commercial use, making it suitable for a wide range of development projects. Investors and developers alike will find this location highly attractive due to its strong potential for growth and return on investment within a rapidly developing area of Tarrant County. The lot's size and location make it an excellent choice for those seeking to capitalize on the flourishing Fort Worth market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.323092
    Latitude
    32.764973

    Comparable in this City

    • $800,000

      Fort Worth Commercial Land Opportunity

      Prime 18,313 SF lot, H-zoned, 10-story max.
      715 Clear Lake St, Fort Worth, TX 76102
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    • $2,695,000

      Fort Worth Land For Sale

      1.125 acres in central Fort Worth near Stockyards.
      2219 N Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Fort Worth Industrial Land Available

      Industrial land for sale in Fort Worth with I-Light zoning.
      3513 N Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Shovel-Ready Land with Plans

      Land available with shovel-ready plans and clean reports.
      901 Collier St, Fort Worth, TX 76102
      View Details
    • $179,000
      0.12 Acres

      Cleared Land Ready for Construction

      Vacant lot zoned for multifamily use in Fort Worth.
      1305 Waterman St, Fort Worth, TX 76102
      View Details
    • New
      $85,000
      0.11 Acres

      Residential Land in Renovated Neighborhood

      Level lot near downtown Fort Worth with utilities at street.
      1716 Glenmore Ave, Fort Worth, TX 76102
      View Details

    Similar Nearby for Sale

    • $800,000

      Fort Worth Commercial Land Opportunity

      Prime 18,313 SF lot, H-zoned, 10-story max.
      715 Clear Lake St, Fort Worth, TX 76102
      View Details
    • $2,695,000

      Fort Worth Land For Sale

      1.125 acres in central Fort Worth near Stockyards.
      2219 N Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Fort Worth Industrial Land Available

      Industrial land for sale in Fort Worth with I-Light zoning.
      3513 N Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Shovel-Ready Land with Plans

      Land available with shovel-ready plans and clean reports.
      901 Collier St, Fort Worth, TX 76102
      View Details
    • $179,000
      0.12 Acres

      Cleared Land Ready for Construction

      Vacant lot zoned for multifamily use in Fort Worth.
      1305 Waterman St, Fort Worth, TX 76102
      View Details
    • New
      $85,000
      0.11 Acres

      Residential Land in Renovated Neighborhood

      Level lot near downtown Fort Worth with utilities at street.
      1716 Glenmore Ave, Fort Worth, TX 76102
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      900 SF

      Fort Worth Office Space Available

      Traditional Office Suites, 300-900 sq ft
      910 Collier St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      277,000 SF

      Burnett Lofts: Fort Worth Retail Space

      Modern Fort Worth retail space, 4,525 sq ft.
      1012 Burnett St, Fort Worth, TX 76102
      View Details
    • $28 SF/Yr
      1,024,627 SF

      Burnett Plaza: Fort Worth Office Space

      Class A Office, Fort Worth CBD, 21 Suites Available
      801 Cherry St, Fort Worth, TX 76102
      View Details
    • $35 SF/Yr
      22,261 SF

      Class A Office Space

      Class A office space in downtown Fort Worth.
      777 Main St, Fort Worth, TX 76102
      View Details
    • $30 SF/Yr
      2,257 SF

      Office Space Available For Sublease

      2,257 SF office space for sublease until December 2026.
      1301 W 7Th St, Fort Worth, TX 76102
      View Details
    • $31 SF/Yr
      12,000 SF

      Retail Space in Excellent Condition

      Retail space available for lease in Fort Worth, Texas.
      500 Taylor St, Fort Worth, TX 76102
      View Details
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    1515 E Peach St
    Fort Worth, TX 76102
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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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