Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2401 Main St Fort Worth, TX 76164-8520

    • Theaters & concert halls
    • 16,400 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2023
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9146569
    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

    • Downtown Cowtown at the Isis Theater / Event Venue / Movie Theater

    Property Details for 2401 Main St

    Year built
    1936
    Lot size
    0.10 lot acres
    Property size
    16,400 SF
    Property type
    Theaters & concert halls
    APN
    12600-20-1R1
    APU
    12600201R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3495
    Latitude
    32.7882
    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
    $157,775
    $217,440
    $1,882,560
    $2,100,000
    -
    $217,440
    $1,882,560
    $2,100,000

    Comparable in this City

    • Value Estimation
      $365,000
      3,087 SF

      208 24th St

      RECREATIONAL, ENTERTAINMENT • 3,087 SF
      208 24th St, Fort Worth, TX 76164-8119
      View Details
    • Value Estimation
      $325,000
      5,915 SF

      2005 Grv St

      RECREATIONAL, ENTERTAINMENT • 5,915 SF
      2005 Grv St, Fort Worth, TX 76164-8503
      View Details
    • Value Estimation
      $895,000
      26,320 SF

      500 23rd St

      RECREATIONAL, ENTERTAINMENT • 26,320 SF
      500 23rd St, Fort Worth, TX 76164-8219
      View Details
    • Value Estimation by Request
      0.64 Acres

      2307 Ellis Av.

      Land • 0.64 Acres
      2307 Ellis Av., Fort Worth, TX 76164
      View Details
    • Value Estimation by Request
      0.08 Acres

      2310 Main St

      VACANT COMMERCIAL LAND • 0.08 Acres
      2310 Main St, Fort Worth, TX 76164-8517
      View Details
    • Value Estimation by Request
      0.32 Acres

      2704 Market Ave

      VACANT COMMERCIAL LAND • 0.32 Acres
      2704 Market Ave, Fort Worth, TX 76164-6920
      View Details

    Similar Nearby for Sale

    • $290,000
      0.36 Acres

      Fort Worth Commercial Land - 0.36 Acres

      Prime Commercial Lot, Fort Worth, TX
      2605 Clinton Ave, Fort Worth, TX 76164
      View Details
    • $475,000

      Two-Story Duplex in Fort Worth

      Two-story duplex with easy-care flooring, near Stockyards and downtown.
      2621 Lee Ave, Fort Worth, TX 76164
      View Details
    • Contact for pricing
      42,400 SF

      Downtown Fort Worth Land Opportunity

      Prime downtown Fort Worth land for sale or ground lease.
      1500 Houston St, Fort Worth, TX 76164
      View Details
    • $688,000
      2.33 Acres

      Fort Worth Unimproved Land

      Unimproved surveyed lots near the Stockyards and Downtown Fort Worth.
      2106 22Nd St, Fort Worth, TX 76164
      View Details
    • $520,000
      0.16 Acres

      Multi-Unit Complex Near Downtown

      Multi-family complex near Downtown Fort Worth with strong rental potential.
      1522 Lee Ave, Fort Worth, TX 76164
      View Details
    • Contact for pricing
      0.16 Acres

      Residential Lot in Fort Worth

      Build-ready lot in Fort Worth's North Side near Stockyards.
      2621 Lincoln Ave, Fort Worth, TX 76164
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,776 SF

      Fort Worth Medical Office Space

      Prime Medical Office, 1,200-3,776 SF
      910 Northside Dr, Fort Worth, TX 76164
      View Details
    • $29 SF/Yr
      4,000 SF

      Class A Office in Sundance

      Renovated Class A office space in Sundance Square for lease.
      500 Commerce St, Fort Worth, TX 76164
      View Details
    • $1,600 /Mo
      12,197 SF

      Retail Space in Fort Worth

      Street-level retail space with high visibility and natural light.
      1545 N Main St, Fort Worth, TX 76164
      View Details
    • $26 SF/Yr
      41,911 SF

      The Vinnedge Building: Fort Worth Office

      Historic Fort Worth Office Space Available
      2100 Main St, Fort Worth, TX 76164
      View Details
    • $5 SF/Yr
      91,276 SF

      North Side Market Place: Fort Worth Retail

      Fort Worth retail center, multiple suites available.
      1910 Ephriham Ave, Fort Worth, TX 76164
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Historic Stockyards

      Fiesta-anchored shopping center in Fort Worth's Northside neighborhood.
      215-275 NE 28Th St, Fort Worth, TX 76164
      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.
    2401 Main St
    Fort Worth, TX 76164-8520
    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.