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    Property profile & analytics

    1600 Hurst Town Ctr Dr Hurst, TX 76054-6236

    • Hotels
    • 62,215 SF
    • 1.67 lot acres
    OFF-MARKET
    Last Sale
    Jun 18, 2021
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1957851
    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

    • Hampton Inn & Suites Dallas-DFW ARPT W-SH 183 Hurst / Hotel

    Property Details for 1600 Hurst Town Ctr Dr

    Year built
    2003
    Lot size
    1.67 lot acres
    Property size
    62,215 SF
    Property type
    Hotels
    APN
    44230-3-2R3
    APU
    4423032R3

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $830,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1882
    Latitude
    32.842
    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
    $151,980
    $454,012
    $7,245,988
    $7,700,000
    -
    $454,012
    $7,245,988
    $7,700,000

    Comparable in this City

    • Value Estimation
      $850,000
      78,600 SF

      820 1000th Oaks Dr

      HOTEL • 78,600 SF
      820 1000th Oaks Dr, Hurst, TX 76054-3233
      View Details
    • Value Estimation
      $910,000
      56,252 SF

      803 Harwood Rd

      HOTEL/MOTEL • 56,252 SF
      803 Harwood Rd, Hurst, TX 76054-3218
      View Details
    • Value Estimation
      $825,000
      106,929 SF

      1615 Campus Dr

      HOTEL • 106,929 SF
      1615 Campus Dr, Hurst, TX 76054-3216
      View Details
    • Value Estimation
      $725,000
      79,746 SF

      1601 Hurst Town Ctr Dr

      HOTEL • 79,746 SF
      1601 Hurst Town Ctr Dr, Hurst, TX 76054-6238
      View Details
    • Value Estimation
      $310,000
      4.20 Acres

      700 Mid Cities Blvd

      MEDICAL BUILDING • 4.20 Acres
      700 Mid Cities Blvd, Hurst, TX 76054-2768
      View Details
    • Value Estimation
      $315,000
      5,695 SF

      755 Mid Cities Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,695 SF
      755 Mid Cities Blvd, Hurst, TX 76054-2748
      View Details

    Similar Nearby for Sale

    • $1,030,146
      3,600 SF

      Prestigious Single-Story Office Building

      Well-located office building with upscale finishes and private patio.
      935 W Glade Rd, Hurst, TX 76054
      View Details
    • $1,500,000
      5,795 SF

      Hurst Office Building For Sale

      Office building with 5795 square feet available for sale.
      6148 Precinct Line Rd, Hurst, TX 76054
      View Details
    • $160,000
      0.43 Acres

      Hurst Commercial Land - Prime Location

      .43-acre lot, ideal for development.
      6134 Precinct Line Rd, Hurst, TX 76054
      View Details
    • $950,000

      1.8 Acres Hurst Residential Land

      Prime Hurst location, 14-lot potential.
      740 Martin Rd, Hurst, TX 76054
      View Details
    • $190,000
      0.51 Acres

      Hurst Commercial Land - Prime Location

      .51-Acre Lot, Development Opportunity
      6130 Precinct Line Rd, Hurst, TX 76054
      View Details
    • Contact for pricing
      0.63 Acres

      Chadwick Court Commercial Land

      Three lots, prime Hurst location.
      1701 Chadwick Ct, Hurst, TX 76054
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,400 SF

      Precinct Line Plaza Retail Center

      Hurst, TX Strip Center - 14,400 SF
      1856 Precinct Line Rd, Hurst, TX 76054
      View Details
    • $19 SF/Yr
      84,542 SF

      Bank of Texas Center Office Suites

      Hurst, TX Office Space Available
      500 Grapevine Hwy, Hurst, TX 76054
      View Details
    • Contact for pricing
      1,040 SF

      Retail Space For Lease

      Retail space available for lease with ample parking.
      109-189 W Harwood Rd, Hurst, TX 76054
      View Details
    • $16 SF/Yr
      1,946 SF

      Office Space with Monument Sign

      Office space for lease with ample parking and signage.
      1848 Norwood Plz, Hurst, TX 76054
      View Details
    • $24 SF/Yr
      2,544 SF

      Retail, Office, Medical Space Available

      Well-maintained property suitable for retail, office, or medical tenants.
      483-499 W Harwood Rd, Hurst, TX 76054
      View Details
    • $2,600 /Mo
      40,694 SF

      Turn-Key Restaurant in Hurst, TX

      Fully operational restaurant in a high-traffic commercial center.
      6500 Precinct Ln, Hurst, TX 76054
      View Details

    Property Visit Statistics

    • Visits by month
      6.5k
    • Visitors by month
      2.3k
    • Avg Time on site
      525 min
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    Hurst, TX 76054-6236
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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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