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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1701 Everman Pkwy Everman, TX 76140-5113

    • Strip malls
    • 6,600 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2022
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7725758
    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

    • Strip malls

    Property Details for 1701 Everman Pkwy

    Year built
    1972
    Lot size
    0.64 lot acres
    Property size
    6,600 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    A1375---5A10---20
    APU
    A13755A1020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $300,000
      Current use
      AUTO REPAIR, GARAGE
      $530,000
      Change: +77% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Everman
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2983
    Latitude
    32.6256
    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
    $10,686
    $55,844
    $381,156
    $437,000
    -
    $55,844
    $381,156
    $437,000

    Comparable in this City

    • Value Estimation
      $300,000
      9,600 SF

      410 Shelby Rd

      SHOPPING CENTER, STRIP CENTER • 9,600 SF
      410 Shelby Rd, Everman, TX 76140-4726
      View Details
    • Value Estimation
      $435,000
      13,911 SF

      6609 Frst Hl Dr

      SHOPPING CENTER, STRIP CENTER • 13,911 SF
      6609 Frst Hl Dr, Forest Hill, TX 76140-1207
      View Details
    • Value Estimation
      $285,000
      0.39 Acres

      1633 Everman Pkwy

      SHOPPING CENTER, STRIP CENTER • 0.39 Acres
      1633 Everman Pkwy, Everman, TX 76140-5111
      View Details
    • Value Estimation
      $300,000
      9,800 SF

      813 Enon Ave

      SHOPPING CENTER, STRIP CENTER • 9,800 SF
      813 Enon Ave, Everman, TX 76140-3725
      View Details
    • Value Estimation
      $275,000
      8,000 SF

      7403 Wichita St

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      7403 Wichita St, Fort Worth, TX 76140-1701
      View Details
    • Value Estimation
      $315,000
      8,244 SF

      8016 Wichita St

      SHOPPING CENTER, STRIP CENTER • 8,244 SF
      8016 Wichita St, Fort Worth, TX 76140
      View Details

    Similar Nearby for Sale

    • $1,192,000
      2,400 SF

      Everman Car Wash & Warehouse

      Profitable Car Wash & Warehouse in Texas
      1545 Everman Pkwy, Everman, TX 76140
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    • $1,176,000
      9,000 SF

      Fort Worth Dollar General Store

      Dollar General store in Fort Worth with extended lease.
      5700 Rendon Bloodworth Rd, Fort Worth, TX 76140
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    • $2,410,915
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      NNN Golden Chick Investment Property

      20-year NNN lease with annual increases and corporate guarantee.
      3209 Forest Hill Cir, Forest Hill, TX 76140
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    • $250,000
      1,120 SF

      Commercial Lot with Office Potential

      Commercial lot with existing structure suitable for office or retail.
      4550 Dick Price Rd, Fort Worth, TX 76140
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    • $6,500,000
      10.52 Acres

      Fort Worth Truck Parking Facility

      11.72-acre truck parking facility with highway access.
      5513 Everman Kennedale Rd, Fort Worth, TX 76140
      View Details
    • Contact for pricing
      6,000 SF

      Office/Showroom Development Opportunity

      Up to 6,000 SF available in thriving River East community.
      3650 Race St, Fort Worth, TX 76140
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      59,514 SF

      Forest Hill Retail Center Investment

      Prime Fort Worth Retail Space Available
      6619 Forest Hill Dr, Fort Worth, TX 76140
      View Details
    • Contact for pricing
      4,430 SF

      Forest Hill Retail Center Opportunity

      High-visibility retail space in Fort Worth.
      0 Forest Hill Dr, Fort Worth, TX 76140
      View Details
    • $18 SF/Yr
      5,116 SF

      Restaurant Space with Outdoor Patio

      Turn-key restaurant space with patio in revitalized area.
      2707 Race St, Fort Worth, TX 76140
      View Details
    • Contact for pricing
      5,482 SF

      Retail Space Near I-20

      Newly finished retail space with high visibility and easy access.
      3501 Forest Hill Cir, Forest Hill, TX 76140
      View Details
    • $3,000 /Mo
      3,600 SF

      Everman Retail/Warehouse Space For Rent

      3,600 SF retail/warehouse space available for lease in Everman.
      420 Shelby Rd, Everman, TX 76140
      View Details
    • $3,500 /Mo

      Secure Fleet Parking in Fort Worth

      Up to six acres of secure fleet parking for lease.
      3879 Rendon Rd, Fort Worth, TX 76140
      View Details
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    Everman, TX 76140-5113
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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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