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Property profile & analytics
FOR LEASE
Manufacturing properties
2550 Ne 28Th St Fort Worth, TX 76111
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1747091
For Lease
1 / 2
$515,000
2550 Ne 28Th St, Fort Worth, TX 76111
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Property summary
AI-generated overview
This exceptional Fort Worth industrial property offers 3,000 square feet of immediately available space within a larger 43,341 square foot multi-tenant warehouse. Located at 2550 NE 28th Street (Hwy 183), this property boasts excellent visibility and convenient access to I-35W, making it ideal for logistics and transportation. Built in 1946, the single-story metal building sits on a 2.79-acre lot and features an 18-foot ceiling height, six drive-in bays, and twelve parking spaces. City utilities (water, sewer, and natural gas) are readily available. The property is zoned for heavy industrial use and is in excellent condition, ready for immediate occupancy. Its strategic location and features make it particularly well-suited for auto-related businesses, including paint and body shops, auto storage, and auto sales. The property offers city views and is part of a well-maintained facility. Pricing is available upon request and is negotiable for both sale and lease. This is a rare opportunity to secure a prime industrial space in a thriving location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1946
Total area
43,090 SF
Lot
2.79 ac (121,315 SF)
APN
17680-1-1A
UPID
US82-1747091
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
Current use
Occupant on record · Public records
-
Classic Auto Service & Auto Sales Car Dealership
-
Alvarado Wrecker Service Auto Repair Shop
-
Pirka Fort Worth TowTruck Corporate Office
-
Classic Auto Wrecker Service Auto Repair Shop
-
Morris Equipment Sales (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$515k
Owner & transaction history
Alvarado Auto & R & E LLC · 9 yrs held
Alvarado Auto & R & E LLC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$785,000
Current use
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$12 / 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
$17,550
Tax year 2023
Assessed value
$775,620
Assessed 2024
Previous assessed
$775,620
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$242,630
Assessed improvement
$532,990
Land market value
$242,630
Improvement market value
$532,990
Total market value
$775,620
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1946
Heating
NONE
Stories
1
Total area
43,090 SF
Lot
2.79 ac (121,315 SF)
APN
17680-1-1A
UPID
US82-1747091
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
INDUSTRIAL (GENERAL) Current
Est. value
$785,000
INDUSTRIAL (GENERAL) Current
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
1946
Heating
NONE
Stories
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
Alvarado Auto & R & E LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2115 CLINTON AVE, FORT WORTH, TX 76164-8123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2016
—
Alvarado Auto & R & E LLC
Alvarado,emmanuel
Quit Claim Deed
—
Nov 21, 2016
—
Alvarado Auto & R & E LLC
Alvarado,adolfo
Quit Claim Deed
related
—
Aug 16, 2012
—
Emmanuel Alvarado
Morris,joseph P & Linda A
Warranty Deed
$375,000 · Joseph P & Linda A Morris
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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