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

    2217 Tarrant Pkwy Fort Worth, TX 76177-2218

    • Super regional malls
    • 9,455 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9832603
    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

    • The Good Feet Store / Orthotics & Prosthetics Service
    • Carhartt / Clothing Store / Shoe Store
    • Spectrum Store / Telecommunications Service / Data Center

    Property Details for 2217 Tarrant Pkwy

    Year built
    2015
    Lot size
    1.40 lot acres
    Property size
    9,455 SF
    Property type
    Super regional malls
    APN
    32942M-A-11R
    APU
    32942MA11R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $524,000
      Market price range: $200k - $596k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $385,000
      Current use
      RESTAURANT
      $915,000
      Change: +138% Conversion: Difficult
      RETAIL STORES
      $910,000
      Change: +136% Conversion: Easy
      OFFICE BUILDING
      $830,000
      Change: +115% Conversion: Moderate
      WAREHOUSE, STORAGE
      $770,000
      Change: +100% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $480,000
      Change: +25% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3259
    Latitude
    32.8992
    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
    $76,228
    $1,220,380
    $2,846,141
    $4,066,521
    -
    $1,220,380
    $2,846,141
    $4,066,521

    Comparable in this City

    • Value Estimation
      $915,000
      17,803 SF

      9389 Sage Mdw Trl

      REGIONAL SHOPPING CENTER, MALL • 17,803 SF
      9389 Sage Mdw Trl, Fort Worth, TX 76177
      View Details
    • Value Estimation
      $2,750,000
      164,604 SF

      2399 Porter Crk Dr

      REGIONAL SHOPPING CENTER, MALL • 164,604 SF
      2399 Porter Crk Dr, Fort Worth, TX 76177-2333
      View Details
    • Value Estimation by Request
      2,924 SF

      2301 Tarrant Pkwy

      REGIONAL SHOPPING CENTER, MALL • 2,924 SF
      2301 Tarrant Pkwy, Fort Worth, TX 76177-2206
      View Details
    • Value Estimation
      $1,915,000
      124,511 SF

      9209 Nn Fwy

      REGIONAL SHOPPING CENTER, MALL • 124,511 SF
      9209 Nn Fwy, Fort Worth, TX 76177
      View Details
    • Value Estimation by Request
      9,480 SF

      9583 Sage Mdw Trl

      REGIONAL SHOPPING CENTER, MALL • 9,480 SF
      9583 Sage Mdw Trl, Fort Worth, TX 76177-8595
      View Details
    • Value Estimation by Request
      5,500 SF

      9401 Sage Mdw Trl

      REGIONAL SHOPPING CENTER, MALL • 5,500 SF
      9401 Sage Mdw Trl, Fort Worth, TX 76177-8593
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,348 SF

      Restaurant with Drive-Thru Available

      Freestanding restaurant with drive-thru in a high-growth area.
      4741 Golden Triangle Blvd, Fort Worth, TX 76177
      View Details
    • $8,400,000
      4,919 SF

      New Fort Worth Retail Opportunity

      New construction 7-Eleven with long-term corporate lease near I-35.
      11229 Timberland Blvd, Fort Worth, TX 76177
      View Details
    • $6,947,368
      12,500 SF

      Kiddie Academy NNN Lease Opportunity

      Absolute NNN leased Kiddie Academy with exceptional operating history.
      9773 Tehama Ridge Pkwy, Fort Worth, TX 76177
      View Details
    • $1,060,000
      1.00 Acre

      Unimproved Land in Haslet, TX

      One acre of land for sale in Haslet, Texas.
      888 Harmon Rd, Haslet, TX 76177
      View Details
    • $1,520,000
      5.53 Acres

      Unimproved Land in Haslet, TX

      5.53 acres of land for sale in Haslet, TX.
      605 Harmon Rd, Haslet, TX 76177
      View Details
    • Contact for pricing

      Commercial Land on Tarrant Parkway

      Commercial land for sale in North Richland Hills, Texas.
      9050 North Tarrant Pkwy, North Richland Hills, TX 76177
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,922 SF

      Retail Space Near Alliance Airport

      Retail space available near I-35W and Westport Pkwy.
      2421 Westport Pkwy, Fort Worth, TX 76177
      View Details
    • Contact for pricing
      1,431 SF

      Retail Space in Heritage Trace

      Retail space for lease in a family-friendly shopping center.
      3505-3529 Heritage Trace Pkwy, Fort Worth, TX 76177
      View Details
    • Contact for pricing
      2,124 SF

      Retail Strip with High Visibility

      Retail space available in high-traffic Fort Worth location.
      2401 Heritage Trace Pkwy, Fort Worth, TX 76177
      View Details
    • Contact for pricing
      2,260 SF

      Retail Space in North Tarrant

      Retail space available in a high-traffic shopping center.
      5601 N Tarrant Pkwy, Fort Worth, TX 76177
      View Details
    • $20 SF/Yr
      1,894 SF

      Retail Space on Westport Parkway

      Retail space available in Fort Worth, Texas.
      2400 Westport Pkwy, Fort Worth, TX 76177
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Parkwood Plaza

      Retail space available in a rapidly growing Fort Worth submarket.
      5500 NORTH Tarrant Pkwy, Fort Worth, TX 76177
      View Details
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    Fort Worth, TX 76177-2218
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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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