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Property profile & analytics
OFF-MARKET
Estimated value
$6,265,000
Warehouses
1850 Ephriham Ave Fort Worth, TX 76164-6601
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3666456
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
66,763 SF
Lot
5.76 ac (250,906 SF)
APN
1038-2-1
UPID
US83-3666456
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Right Move Storage - Ft. Worth Northwest Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.68M
Blend (final)
Blend
$6.27M
Owner & transaction history
Ft Worth Northwest Self Storage LP · 14 yrs held
Ft Worth Northwest Self Storage LP
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.4M
+125.8%
Auto repair, garage
$8.8M
+90.3%
Restaurant
$8.0M
+74.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,615,000
Current use
COMMERCIAL (GENERAL)
$10,420,000
Change: +126% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,780,000
Change: +90% · Conversion: Easy
RESTAURANT
$8,030,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$7,500,000
Change: +63% · Conversion: Moderate
OFFICE BUILDING
$6,260,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$5,865,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.89M · ±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
$94 / 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
$76,194
Tax year 2023
Assessed value
$3,422,000
Assessed 2024
Previous assessed
$3,100,000
+10.4% YoY
Effective rate
2.23%
On assessed value
Assessed land
$1,204,344
Assessed improvement
$2,217,656
Land market value
$1,204,344
Improvement market value
$2,217,656
Total market value
$3,422,000
Applied tax rate
223.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
66,763 SF
Lot
5.76 ac (250,906 SF)
APN
1038-2-1
UPID
US83-3666456
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
WAREHOUSE, STORAGE Current
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RESTAURANT
Est. value
$8.0M
RETAIL STORES
Est. value
$7.5M
OFFICE BUILDING
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$5.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
Stories
1
Lot
5.76 ac
Current owner
From public records · entity-resolved
Ft Worth Northwest Self Storage LP
Entity
Free & Clear · 14 yrs held
Mailing address
2550 GRAY FLS DR STE #400, HOUSTON, TX 77077-6678
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Oct 31, 2022
—
Wells Fargo Bank National Associati
—
Deed
related
$3,000,000 · Commercial Mortgage Pass Through Certfic
Apr 1, 2022
—
Ft Worth Northwest Self Storage LP
—
Deed
related
—
Mar 8, 2012
—
Ft Worth Northwest Self Storage LP
Ft Worth Northwest Self Storage Tic
Special Warranty Deed
—
Dec 29, 2005
—
Ft Worth Northwest Self Storage Tic
Dfw Acquisition Ltd
Special Warranty Deed
$2,200,000 · Morgan Stanley Mortgage Capital INC
—
—
Worth Northwest Self St 1 Ft
—
Deed Of Trust
related
$2,200,000 · Bank/america #2006-top22 (ce)
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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