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    Property profile & analytics

    1601 Main St Keller, TX 76248-5115

    • Specialty properties
    • 8,420 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0314266
    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

    • Keller Funeral Home / Social Service Agency
    • Lucas Funeral Home and Cremation Services-Keller / Social Service Agency

    Property Details for 1601 Main St

    Year built
    1968
    Lot size
    1.98 lot acres
    Property size
    8,420 SF
    Property type
    Specialty properties
    APN
    24380L-A-1
    APU
    24380LA1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $752,000
      Market price range: $300k - $753k

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $485,000
      Current use
      MEDICAL BUILDING
      $700,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $670,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $635,000
      Change: +31% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Keller
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2559
    Latitude
    32.9061
    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
    $22,955
    $388,491
    $819,259
    $1,207,750
    -
    $388,491
    $819,259
    $1,207,750

    Comparable in this City

    • Value Estimation by Request
      5,685 SF

      137 Hl St

      FUNERAL HOME • 5,685 SF
      137 Hl St, Keller, TX 76248-2236
      View Details
    • Value Estimation
      $1,085,000
      16,346 SF

      8830 Davis Blvd

      VETERINARY, ANIMAL HOSPITAL • 16,346 SF
      8830 Davis Blvd, Keller, TX 76248-0303
      View Details
    • Value Estimation by Request
      3,162 SF

      798 Keller Pkwy

      VETERINARY, ANIMAL HOSPITAL • 3,162 SF
      798 Keller Pkwy, Keller, TX 76248-2476
      View Details
    • Value Estimation
      $565,000
      7,816 SF

      220 Keller Pkwy

      FUNERAL HOME • 7,816 SF
      220 Keller Pkwy, Keller, TX 76248-2203
      View Details
    • Value Estimation by Request
      2,592 SF

      1240 Main St

      VETERINARY, ANIMAL HOSPITAL • 2,592 SF
      1240 Main St, Keller, TX 76248-3920
      View Details
    • Value Estimation
      $645,000
      10,044 SF

      8820 Davis Blvd

      VETERINARY, ANIMAL HOSPITAL • 10,044 SF
      8820 Davis Blvd, Keller, TX 76248-0303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,462 SF

      Keller Office Condo For Sale

      13,462 SF office condo in Keller, Texas.
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      7,942 SF

      Keller Mixed-Use Investment Opportunity

      7,942 SF Medical/School Building on 1.39 Acres
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      Old Town Keller Commercial Property

      Commercial property in Old Town Keller with high visibility.
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      3,162 SF

      Stand-Alone Retail Facility For Sale

      3,162 sq ft retail property 100% leased.
      798 Keller Pkwy, Keller, TX 76248
      View Details
    • $984,456
      4.52 Acres

      Keller Land - 4.52 Acres

      Prime Keller development site, 4 platted lots.
      1032 Chisholm Trl, Keller, TX 76248
      View Details
    • $875,000
      1.07 Acres

      Commercial Land on US Highway

      Unimproved commercial lot on a busy highway near hospital.
      995 S Main St, Keller, TX 76248
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      30,350 SF

      2000 Whitley Road

      Distribution centers • 30,350 SF
      2000 Whitley Rd, Keller, TX 76248
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    • Contact for pricing
      1,875 SF

      Keller Retail Space Available

      Newly renovated restaurant space, prime location.
      2041 Rufe Snow Dr, Keller, TX 76248
      View Details
    • $2,600 /Mo
      7,492 SF

      Versatile Commercial Property in Keller

      Commercial property in Old Town Keller, suitable for office or retail.
      111 Minnie St, Keller, TX 76248
      View Details
    • Contact for pricing
      135,701 SF

      Keller Crossing Retail Space

      Prime Keller, TX retail space available.
      1540 Keller Pkwy, Keller, TX 76248
      View Details
    • Contact for pricing
      8,526 SF

      Keller Parkway Office Space Available

      Office space available for lease in Keller, Texas.
      1722 Keller Pkwy, Keller, TX 76248
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Davis Blvd

      Retail space for lease with high traffic and signage.
      8825 Davis Blvd, Keller, TX 76248
      View Details
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    1601 Main St
    Keller, TX 76248-5115
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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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