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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Warehouses
16170 Hwy 377th S Fort Worth, TX 76126
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9272850
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
53,261 SF
Lot
17.04 ac (742,350 SF)
APN
16385-001-002-00
UPID
US82-9272850
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.24M
Owner & transaction history
Apio Group INC · 5 yrs held
Apio Group INC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,900,000
Current use
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$23 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$62,684
Tax year 2024
Assessed value
$3,200,000
Assessed 2024
Previous assessed
$3,500,000
-8.6% YoY
Effective rate
1.96%
On assessed value
Assessed land
$606,550
Assessed improvement
$2,593,450
Land market value
$606,550
Improvement market value
$2,593,450
Total market value
$3,200,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Total area
53,261 SF
Lot
17.04 ac (742,350 SF)
APN
16385-001-002-00
UPID
US82-9272850
Jurisdiction
PARKER
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
WAREHOUSE, STORAGE Current
Est. value
$1.9M
WAREHOUSE, STORAGE Current
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
2018
Heating
NONE
Lot
17.04 ac
Current owner
From public records · entity-resolved
Apio Group INC
Entity
Free & Clear · 5 yrs held
Mailing address
8116 MODENA DR, FORT WORTH, TX 76126-6113
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2021
—
Apio Group INC
Guy Clapp
Warranty Deed
—
Sep 29, 2020
—
Guy C Clapp
—
Deed
related
$856,592 · Commercial Bk/tx
May 11, 2020
—
Guy C Clapp
—
Deed
related
$1,510,000 · Commercial Bk/tx
Dec 4, 2019
—
Guy C Clapp
—
Deed
related
$720,724 · Commercial Bk/tx
Oct 25, 2019
—
Guy Clapp
—
Deed
related
$1,728,000 · Plainscapital Bk
Jun 22, 2018
—
Guy Clapp
Clifford Clapp
Intrafamily Transfer
related
$1,728,000 · Plainscapital Bank
May 29, 2018
—
Guy C Clapp
Clifford Clapp
Intrafamily Transfer
related
—
—
—
Guy C Clapp
—
Loan Modification
related
$720,724 · Commercial Bk/tx
—
—
Guy Clapp
—
Loan Modification
related
$1,728,000 · Plainscapital Bk
—
—
Guy C Clapp
—
Loan Modification
related
$1,510,000 · Commercial Bk/tx
—
—
Guy C Clapp
—
Loan Modification
related
$856,592 · Commercial Bk/tx
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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