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

    1900 Northpark Dr Fort Worth, TX 76102-1014

    • Warehouses
    • 28,000 SF
    • 1.93 lot acres
    OFF-MARKET
    Last Sale
    Aug 28, 2023
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2612198
    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

    • Jeff Eubank Roofing Co Inc / Roofing Contractor

    Property Details for 1900 Northpark Dr

    Year built
    1969
    Lot size
    1.93 lot acres
    Property size
    28,000 SF
    Property type
    Warehouses
    APN
    30110-2R-1D
    APU
    301102R1D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $732,000
      Market price range: $429k - $1.36M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $880,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.337
    Latitude
    32.7795
    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
    $24,890
    $84,205
    $1,015,795
    $1,100,000
    -
    $84,205
    $1,015,795
    $1,100,000

    Comparable in this City

    • Value Estimation
      $255,000
      0.15 Acres

      2551 Cold Spgs Rd

      WAREHOUSE, STORAGE • 0.15 Acres
      2551 Cold Spgs Rd, Fort Worth, TX 76102
      View Details
    • Value Estimation
      $1,110,000
      72,392 SF

      601 7th St

      WAREHOUSE, STORAGE • 72,392 SF
      601 7th St, Fort Worth, TX 76102-5501
      View Details
    • Value Estimation
      $305,000
      10,870 SF

      1008 11th St

      WAREHOUSE, STORAGE • 10,870 SF
      1008 11th St, Fort Worth, TX 76102-5601
      View Details
    • Value Estimation
      $850,000
      21,121 SF

      2228 Wenneca Ave

      WAREHOUSE, STORAGE • 21,121 SF
      2228 Wenneca Ave, Fort Worth, TX 76102-4325
      View Details
    • Value Estimation
      $320,000
      3,400 SF

      1110 Lancaster Ave

      WAREHOUSE, STORAGE • 3,400 SF
      1110 Lancaster Ave, Fort Worth, TX 76102-6630
      View Details
    • Value Estimation
      $295,000
      3,120 SF

      805 Northside Dr

      WAREHOUSE, STORAGE • 3,120 SF
      805 Northside Dr, Fort Worth, TX 76102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Warehouse and office space in a prime Fort Worth location.
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      68,080 SF

      Fort Worth Warehouse: 68,080 SF

      Prime industrial space, excellent highway access.
      2500-2636 Loop 820, Fort Worth, TX 76102
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      34,848 SF

      Industrial Buildings with Heavy Power

      Multiple industrial buildings with heavy power and loading docks.
      2813 S Main St, Fort Worth, TX 76102
      View Details
    • $1,375,000
      8,940 SF

      Downtown Fort Worth Development Site

      10,150 SF lot, 8,940 SF warehouse
      1119 5Th St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Shovel-Ready Land For Sale

      Land with available plans, reports, clean title, and survey.
      904 Collier St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Fort Worth Commercial Land Available

      1.0 acre commercial land with existing 11,850 SF building.
      1200 E 2Nd St, Fort Worth, TX 76102
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    Similar Nearby for Lease

    • Contact for pricing
      62,000 SF

      Prime Fort Worth Warehouse - 62,000 SF

      Exceptional industrial warehouse, ideal for single tenant.
      2020 4Th St, Fort Worth, TX 76102
      View Details
    • $3,750,000
      6,888 SF

      Freestanding Warehouses in Panther Island

      Two warehouses in Panther Island Redevelopment Area available for lease/sale.
      1201 N Calhoun St, Fort Worth, TX 76102
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    • $14 SF/Yr
      4,089 SF

      Warehouse Flex Space Available

      Warehouse flex space for lease in Fort Worth, Texas.
      2205 West Broadway Ave, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      2,000 SF

      Fort Worth Warehouse Space

      2000 square foot warehouse space available for rent.
      1500 Northpark Dr, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      613,420 SF

      Fort Worth Distribution Warehouse Space

      547,695 SF available in Fort Worth with 36' clear height.
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    • Contact for pricing
      1,800 SF

      Renovated Warehouse with Secured Yard

      1,800 SF warehouse featuring a secured yard and parking.
      1008 NE 12Th St, Fort Worth, TX 76102
      View Details
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    1900 Northpark Dr
    Fort Worth, TX 76102-1014
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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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