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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
1810 Banks Dr Weatherford, TX 76087-9430
Entity Owned
10-yr Hold
Free & Clear
Property ID
US83-3837092
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
29,304 SF
Lot
4 ac (174,240 SF)
APN
13900-001-017-00
UPID
US83-3837092
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
-
BFX Fire Apparatus Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$710k
Owner & transaction history
Newton Business Park INC · 10 yrs held
Newton Business Park INC
since 2016
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 Weatherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weatherford 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,150,000
Current use
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$24 / 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
$31,780
Tax year 2024
Assessed value
$1,654,420
Assessed 2024
Previous assessed
$1,654,420
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$220,000
Assessed improvement
$1,434,420
Land market value
$220,000
Improvement market value
$1,434,420
Total market value
$1,654,420
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
1985
Heating
NONE
Total area
29,304 SF
Lot
4 ac (174,240 SF)
APN
13900-001-017-00
UPID
US83-3837092
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
$1.2M
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
1985
Heating
NONE
Lot
4 ac
Current owner
From public records · entity-resolved
Newton Business Park INC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 77027, FORT WORTH, TX 76177-0027
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2017
—
Touchdown Investments INC
—
Deed
related
$1,280,000 · Pinnacle Bank
Apr 8, 2016
—
Newton Business Park INC
Weatherford Of Topco Invtrs Ltd
Grant Deed
—
Oct 29, 2010
—
Weatherford Of Topco Invtrs Ltd
Top-co Ventures INC
Warranty Deed
$925,000 · Standard Insurance Co
Mar 5, 2008
—
Top-co Ventures INC
Lafleur Properties LLC
Deed Of Trust
related
$8,700,000 · Royal Bank Of Canada
Jan 5, 2006
—
Lafleur Properties LLC
—
Trustees Deed
related
$225,000 · Summit Bank
Jan 4, 2006
—
Lafleur Properties LLC
Lafleur,karl K & Audrey
Quit Claim Deed
related
$840,355 · Summit Bank
Aug 3, 2004
—
Karl K Lafleur
Trinity Architectural Metals I
Warranty Deed
$876,000 · Summit Bank
—
—
Top-co Ventures INC
—
Deed Of Trust
related
$2,000,000 · Canadian Imperial Bank Commerc
—
—
Lafleur Properties LLC
—
Deed Of Trust
related
$63,767 · Summit 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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