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

    2550 Mcmillian Pkwy Fort Worth, TX 76137-5001

    • Distribution centers
    • 128,488 SF
    • 9.91 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2494610
    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

    • Distribution centers

    Property Details for 2550 Mcmillian Pkwy

    Year built
    1985
    Lot size
    9.91 lot acres
    Property size
    128,488 SF
    Property type
    Distribution centers
    APN
    25768-3A-1R1
    APU
    257683A1R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,199,000
      Market price range: $560k - $2.86M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,425,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3111
    Latitude
    32.8195
    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
    $130,832
    $1,618,410
    $4,549,014
    $6,167,424
    -
    $1,618,410
    $4,549,014
    $6,167,424

    Comparable in this City

    • Value Estimation
      $1,475,000
      134,750 SF

      5401 Sandshell Dr

      DISTRIBUTION WAREHOUSE • 134,750 SF
      5401 Sandshell Dr, Fort Worth, TX 76137-2407
      View Details
    • Value Estimation
      $1,180,000
      136,900 SF

      4901 Mercantile Dr

      DISTRIBUTION WAREHOUSE • 136,900 SF
      4901 Mercantile Dr, Fort Worth, TX 76137-3632
      View Details
    • Value Estimation
      $1,445,000
      250,000 SF

      2650 Meacham Blvd

      DISTRIBUTION WAREHOUSE • 250,000 SF
      2650 Meacham Blvd, Fort Worth, TX 76137-4203
      View Details
    • Value Estimation
      $2,670,000
      764,254 SF

      4501 Bch St

      DISTRIBUTION WAREHOUSE • 764,254 SF
      4501 Bch St, Fort Worth, TX 76137-3218
      View Details
    • Value Estimation
      $1,410,000
      153,700 SF

      3901 Sylvania Ave

      DISTRIBUTION WAREHOUSE • 153,700 SF
      3901 Sylvania Ave, Fort Worth, TX 76137-5004
      View Details
    • Value Estimation
      $1,425,000
      188,000 SF

      4630 Bch St

      DISTRIBUTION WAREHOUSE • 188,000 SF
      4630 Bch St, Haltom City, TX 76137-3200
      View Details

    Similar Nearby for Sale

    • $3,819,600
      7,304 SF

      Landmark Bar & Kitchen: Fort Worth

      High-return restaurant investment, strong tenant.
      6621 Fossil Bluff Dr, Fort Worth, TX 76137
      View Details
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      151,280 SF

      Industrial Warehouse with Development Potential

      151,280 SF industrial building on 21.47 AC site.
      4701 Mercantile Dr, Fort Worth, TX 76137
      View Details
    • Contact for pricing
      4.60 Acres

      Fort Worth Commercial Land - 4.6 Acres

      Prime Commercial Land, E-Zoned, Hwy 377 Access
      5601 Basswood Blvd, Fort Worth, TX 76137
      View Details
    • $2,700,000
      6,912 SF

      Fort Worth Medical Office Building

      Prime Medical Office, Vacant, $2.7M
      5750 Stratum Dr, Fort Worth, TX 76137
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    • $275,000
      1.02 Acres

      Haltom City Improved Land

      Improved land available for sale in Haltom City, Texas.
      5960 N Beach St, Haltom City, TX 76137
      View Details
    • Contact for pricing

      Apartment Communities in North Fort Worth

      Two adjacent apartment communities with extensive amenities in North Fort Worth.
      5333 Fossil Creek Blvd, Haltom City, TX 76137
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      219,396 SF

      Fort Worth Warehouse Space Available

      219396 square foot warehouse space for lease.
      5457 Sandshell Dr, Fort Worth, TX 76137
      View Details
    • Contact for pricing
      106,818 SF

      Industrial Warehouse Near I-35W

      154,318 SF industrial warehouse with access to I-35W.
      3901 North Sylvania Ave, Fort Worth, TX 76137
      View Details
    • Contact for pricing
      564,387 SF

      Industrial Warehouse in Prologis Park

      564,387 SF warehouse with access to I-35W.
      2500 Sylvania Cross Dr, Fort Worth, TX 76137
      View Details
    • Contact for pricing
      64,800 SF

      Haltom City Industrial Warehouse Space

      64,800 SF industrial space with easy highway access.
      3800 N Beach St, Haltom City, TX 76137
      View Details
    • Contact for pricing
      140,000 SF

      Fort Worth Warehouse Space Available

      140,000 square foot warehouse space for lease in Fort Worth.
      5400 Sandshell Dr, Fort Worth, TX 76137
      View Details
    • Contact for pricing
      5,050 SF

      Fort Worth Warehouse Space Available

      5,050 SF warehouse space for lease in Fort Worth.
      3843 E Loop 820 S, Fort Worth, TX 76137
      View Details
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    2550 Mcmillian Pkwy
    Fort Worth, TX 76137-5001
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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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