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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Warehouses
2000 Richmond Ave Fort Worth, TX 76104-6300
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3320180
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
51,000 SF
Lot
6.6 ac (287,365 SF)
APN
15920-23-1R
UPID
US82-3320180
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$3.23M
Owner & transaction history
K5 Holdings Group LLC · 2 yrs held
K5 Holdings Group LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.9M
+78.7%
Neighborhood: shopping center
$3.6M
+31.1%
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
$2,740,000
Current use
MEDICAL BUILDING
$4,900,000
Change: +79% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,590,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±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
$63 / 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
$61,451
Tax year 2023
Assessed value
$2,817,750
Assessed 2024
Previous assessed
$2,715,750
+3.8% YoY
Effective rate
2.18%
On assessed value
Assessed land
$215,539
Assessed improvement
$2,602,211
Land market value
$215,539
Improvement market value
$2,602,211
Total market value
$2,817,750
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Stories
2
Total area
51,000 SF
Lot
6.6 ac (287,365 SF)
APN
15920-23-1R
UPID
US82-3320180
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
$2.7M
MEDICAL BUILDING
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1984
Heating
NONE
Stories
2
Lot
6.6 ac
Current owner
From public records · entity-resolved
K5 Holdings Group LLC
Entity
Mailing address
1237 E GREENWOOD DR, HURST, TX 76053-5323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
—
K5 Holdings Group LLC
Dean Ventures LLC
Venders Lien
$1,581,995 · First Citizens Bank
Jun 24, 2021
—
Dean Ventures LLC
—
Deed
related
—
Mar 20, 2019
—
Dean Ventures LLC
—
Grant Deed
related
$11,962,500 · Bank Of The West
Jan 29, 2019
—
Dean Ventures LLC
Roaring Springs LLC
Grant Deed
—
Feb 2, 2017
—
Roaring Springs LLC
Us Ply INC
Warranty Deed
$1,160,000 · Austin Cnty St Bk
Jul 19, 2011
—
U S Ply INC
Danny Adair
Warranty Deed
$1,640,000 · Wells Fargo Bank NA
May 5, 2005
—
Danny Adair
—
Trustees Deed
related
$150,000 · Frost National Bank
Nov 22, 2004
—
Leon Novikoff
Novikoff INC
Quit Claim Deed
$500,000 · Leon Novikoff
—
—
Us Ply INC
—
Deed Of Trust
related
$2,000,000 · Orange Savings Bank
—
—
Danny J Adair
—
Deed Of Trust
related
$4,900,000 · Wachovia Bank NA
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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