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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
1608 Airport Fwy Bedford, TX 76022-6867
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3300606
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
6,232 SF
Lot
0.83 ac (36,290 SF)
APN
6305-1-2R1
UPID
US82-3300606
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
-
Todd Smith State Representatve State Government Office
-
Kyle Coleman - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Keith Church - Associate Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Guy Church - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
John McDonald - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$540k
Owner & transaction history
Four Church Holdings LLC · 6 yrs held
Four Church Holdings LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$680,000
+44.3%
Medical building
$550,000
+16.7%
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 Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$470,000
Current use
RESTAURANT
$680,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$550,000
Change: +17% · Conversion: Easy
RETAIL STORES
$440,000
Change: -6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$440,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$87 / 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
$24,934
Tax year 2023
Assessed value
$1,300,000
Assessed 2024
Previous assessed
$1,300,000
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$640,156
Assessed improvement
$659,844
Land market value
$640,156
Improvement market value
$659,844
Total market value
$1,300,000
Applied tax rate
224.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
6,232 SF
Lot
0.83 ac (36,290 SF)
APN
6305-1-2R1
UPID
US82-3300606
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
OFFICE BUILDING Current
Est. value
$470,000
RESTAURANT
Est. value
$680,000
MEDICAL BUILDING
Est. value
$550,000
RETAIL STORES
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$440,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Four Church Holdings LLC
Entity
Mailing address
205 VAN OAKS DR, COLLEYVILLE, TX 76034-7501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
—
Four Church Holdings LLC
Airport Freeway Properties LP
Grant Deed
$860,000 · National Bk/tx
Oct 26, 2005
—
Airport Freeway Properties
—
Trustees Deed
related
$1,020,000 · Summit Bank
Jan 28, 2004
—
Ariport Freeway Properties
Wells Fargo Bank
Grant Deed
$125,000 · Mercantile Bank Texas
—
—
Airport Freeway Properties
—
Deed Of Trust
related
$962,954 · Compass Bank
—
—
Airport Freeway Properties LP
—
Deed Of Trust
related
$600,000 · Compass Bank
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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