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

    215 Old Hwy 1187 Burleson, TX 76028-0281

    • Medical offices
    • 18,940 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0549698
    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

    • Barnard Barragan, M.D. / Hand Surgeon
    • Von L. Evans Jr, MD / Orthopedic Surgeon
    • Gurpreet S. Bajaj, MD / Orthopedic Surgeon
    • John A. Thomas, MD / Orthopedic Surgeon
    • Christopher P. Werner, DPM / Podiatrist

    Property Details for 215 Old Hwy 1187

    Year built
    2013
    Lot size
    2.30 lot acres
    Property size
    18,940 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    20705A-1-1R
    APU
    20705A11R

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,555,000
      Current use
      COMMERCIAL (GENERAL)
      $1,980,000
      Change: +27% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,885,000
      Change: +21% Conversion: Difficult
      OFFICE BUILDING
      $1,850,000
      Change: +19% Conversion: Easy
      RETAIL STORES
      $1,630,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Burleson
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3151
    Latitude
    32.5811
    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
    $100,773
    $350,658
    $4,005,542
    $4,356,200
    -
    $350,658
    $4,005,542
    $4,356,200

    Comparable in this City

    • Value Estimation
      $800,000
      12,598 SF

      663 Alsbury Blvd

      MEDICAL BUILDING • 12,598 SF
      663 Alsbury Blvd, Burleson, TX 76028-2660
      View Details
    • Value Estimation
      $545,000
      5,744 SF

      12332 Bear Plz

      MEDICAL BUILDING • 5,744 SF
      12332 Bear Plz, Burleson, TX 76028-0202
      View Details
    • Value Estimation
      $560,000
      6,660 SF

      12300 Bear Plz

      MEDICAL BUILDING • 6,660 SF
      12300 Bear Plz, Burleson, TX 76028-9500
      View Details
    • Value Estimation
      $540,000
      5,744 SF

      12333 Bear Plz

      MEDICAL BUILDING • 5,744 SF
      12333 Bear Plz, Burleson, TX 76028-0216
      View Details
    • Value Estimation by Request
      3,832 SF

      699 Alsbury Blvd

      DENTAL BUILDING • 3,832 SF
      699 Alsbury Blvd, Burleson, TX 76028-2660
      View Details
    • Value Estimation by Request
      7,136 SF

      116 Clark St

      Day care centers • 7,136 SF
      116 Clark St, Burleson, TX 76028
      View Details

    Similar Nearby for Sale

    • $1,850,000
      7,136 SF

      Clark's Corner: Burleson Office Building

      7,136 SF Office, Daycare Potential
      116 Clark St, Burleson, TX 76028
      View Details
    • $625,000
      2,874 SF

      Huguley Medical Office Condo For Sale

      Prime Medical Office, 2,874 SF, Vacant
      11801 Fwy Unit 334 Ft, Burleson, TX 76028
      View Details
    • $420,000
      1,626 SF

      Burleson Medical Office Suite

      Prime Medical Office, 1626 SF, $420K
      11801 South Fwy, Burleson, TX 76028
      View Details
    • $890,000
      2,700 SF

      Burleson Medical Office For Sale

      Tenant occupied medical office building for sale in Burleson, TX.
      209 Market St, Burleson, TX 76028
      View Details
    • $2,500,000
      2.31 Acres

      Burleson Commercial Building For Sale

      Commercial building with offices, storage, and roll-up doors.
      3015 S Burleson Blvd, Burleson, TX 76028
      View Details
    • $1,350,000
      0.57 Acres

      Updated Office Building in Burleson

      Versatile building suitable for office, retail, or event space.
      116 N Clark St, Burleson, TX 76028
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      The Fusion Building: Burleson Office Space

      12,000 SF Office Building, 6,000 SF Available
      124 Main St, Burleson, TX 76028
      View Details
    • Contact for pricing
      148,103 SF

      Southgate Marketplace: Burleson Office Suites

      Burleson Office Space: Prime Retail Location
      0 I-35W, Burleson, TX 76028
      View Details
    • Contact for pricing
      7,136 SF

      Burleson Office Building - Prime Location

      7,136 SF renovated office, prime Burleson location.
      116 Clark St, Burleson, TX 76028
      View Details
    • $10 SF/Yr
      6,249 SF

      Burleson TX Office Space for Lease

      Flexible office solutions in Burleson, TX.
      295 Renfro St, Burleson, TX 76028
      View Details
    • $28 SF/Yr
      9,219 SF

      Willow Creek Plaza: Medical Offices

      Burleson medical suites, flexible leasing.
      2850 Wilshire Blvd, Burleson, TX 76028
      View Details
    • $2,379 /Mo
      80,238 SF

      Customizable Medical Office Space

      Modern office spaces with ample parking and highway access.
      671 NE Alsbury Blvd, Burleson, TX 76028
      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.
    215 Old Hwy 1187
    Burleson, TX 76028-0281
    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.