Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    204 College Ave Fort Worth, TX 76104-1120

    • Strip malls
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2896691
    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 204 College Ave

    Year built
    1926
    Lot size
    0.46 lot acres
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    21630---15----1---20
    APU
    2163015120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.335
    Latitude
    32.7427
    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
    $13,577
    $600,000
    $0.00
    $600,000
    -
    $600,000
    $0.00
    $600,000

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      1115 Tucker St

      SHOPPING CENTER, STRIP CENTER • 0.05 Acres
      1115 Tucker St, Fort Worth, TX 76104
      View Details
    • Value Estimation
      $710,000
      13,850 SF

      1000 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER • 13,850 SF
      1000 Magnolia Ave, Fort Worth, TX 76104-4503
      View Details
    • Value Estimation by Request
      0.18 Acres

      1311 Henderson St

      SHOPPING CENTER, STRIP CENTER • 0.18 Acres
      1311 Henderson St, Fort Worth, TX 76104-4444
      View Details
    • Value Estimation by Request
      2,488 SF

      1251 Evans Ave

      SHOPPING CENTER, STRIP CENTER • 2,488 SF
      1251 Evans Ave, Fort Worth, TX 76104-5152
      View Details
    • Value Estimation
      $1,710,000
      39,902 SF

      901 Vickery Blvd

      SHOPPING CENTER, STRIP CENTER • 39,902 SF
      901 Vickery Blvd, Fort Worth, TX 76104-1145
      View Details
    • Value Estimation
      $565,000
      10,130 SF

      909 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER • 10,130 SF
      909 Magnolia Ave, Fort Worth, TX 76104-4571
      View Details

    Similar Nearby for Sale

    • $608,000
      0.09 Acres

      Commercial Building in Downtown Fort Worth

      Stand-alone commercial building ideal for office or retail in Fort Worth.
      300 E Pennsylvania Ave, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      2,000 SF

      Retail/Office Space in Fort Worth

      2,000 SF retail/office space in a prime location.
      1421 N Main St, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      9,640 SF

      Near Southside Office with Parking

      Move-in ready office space with dedicated parking in Near Southside.
      108 S Main St, Fort Worth, TX 76104
      View Details
    • $6,650,000
      19,029 SF

      South Main Street Opportunity

      Move-in ready office space in the Near Southside district.
      710 S Main St, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      4,420 SF

      Fort Worth Retail Investment Opportunity

      Prime 4,420 SF Multi-Tenant Building
      1000 8Th Ave, Fort Worth, TX 76104
      View Details
    • $219,900
      0.89 Acres

      Historic Fort Worth Retail Condo

      Ground-floor commercial condo in revitalized Near Southside district.
      120 St. Louis Ave, Fort Worth, TX 76104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,360 SF

      Retail Space Fronting I-820

      Retail space available, anchored by Starbucks and Shipley.
      2300 Riverside Dr, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      4,500 SF

      Fort Worth Flex Space Available

      Versatile Fort Worth property, 1500-4500 sqft.
      600 Magnolia Ave, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      10,000 SF

      Adaptable Space in Medical District

      Versatile space suitable for office, medical, or retail use.
      550-558 Hemphill St, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      1,954 SF

      Near Southside Mixed-Use Space

      Modern creative office, medical, retail, and restaurant space for rent.
      701-711 W Magnolia Ave, Fort Worth, TX 76104
      View Details
    • Contact for pricing
      3,600 SF

      Restaurant Space on Magnolia Avenue

      3,600 SF restaurant space in high-traffic area.
      1512 W Magnolia Ave, Fort Worth, TX 76104
      View Details
    • $40 SF/Yr
      4,034 SF

      Retail Space in Fort Worth

      Retail space available in renovated building with ample parking.
      501 Hemphill St, Fort Worth, TX 76104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    204 College Ave
    Fort Worth, TX 76104-1120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.