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    Property profile & analytics

    2651 Hulen St Fort Worth, TX 76109-9507

    • Retail space
    • 8,386 SF
    • 2.64 lot acres
    OFF-MARKET
    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2818517
    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

    • Calloway's Nursery / Garden Center

    Property Details for 2651 Hulen St

    Year built
    1998
    Lot size
    2.64 lot acres
    Property size
    8,386 SF
    Property type
    Retail space
    APN
    40475-5-A
    APU
    404755A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,274,000
      Market price range: $366k - $1.27M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $810,000
      Current use
      OFFICE BUILDING
      $1,400,000
      Change: +73% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,265,000
      Change: +56% Conversion: Easy
      RESTAURANT
      $1,025,000
      Change: +27% Conversion: Easy
      AUTO REPAIR, GARAGE
      $945,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3845
    Latitude
    32.7129
    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
    $49,781
    $1,312,984
    $887,016
    $2,200,000
    -
    $1,312,984
    $887,016
    $2,200,000

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      2810 Berry St

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      2810 Berry St, Fort Worth, TX 76109-2302
      View Details
    • Value Estimation by Request
      160,000 SF

      Nwc Of Bryant Irvin Rd & Arborlawn Dr

      Individual retail properties • 160,000 SF
      0 Nwc Of Bryant Irvin Rd & Arborlawn Dr, Fort Worth, TX 76109
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    • Value Estimation by Request
      6,102 SF

      3131 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,102 SF
      3131 University Dr, Fort Worth, TX 76109-5615
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      6,750 SF

      3021 Waits Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,750 SF
      3021 Waits Ave, Fort Worth, TX 76109
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    • Value Estimation
      $1,185,000
      7,848 SF

      4840 Loop 820

      RETAIL STORES (PERSONAL SERVICES) • 7,848 SF
      4840 Loop 820, Fort Worth, TX 76109-4420
      View Details
    • Value Estimation
      $905,000
      5,960 SF

      3001 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,960 SF
      3001 University Dr, Fort Worth, TX 76109-5608
      View Details

    Similar Nearby for Sale

    • $3,710,000
      2,325 SF

      New Retail Building For Sale

      New construction retail building with long-term NNN lease.
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      Retail Property on South Hulen

      Retail property for sale on South Hulen Street, Fort Worth.
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      2,553 SF

      Freestanding Drive-Thru Restaurant Building

      2,553 SF drive-thru building with frontage on Bryant Irvin Rd.
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      0.32 Acres

      Benbrook Commercial Land - 0.315 Acres

      Prime Benbrook land, ideal for commercial development. High traffic, great visibility.
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      Residential land in Fort Worth's Stonegate neighborhood ready for building.
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      Overton Park Cliffside Lot

      Expansive lot in Overton Park with new construction potential.
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    Similar Nearby for Lease

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      3,400 SF

      Retail Space Near Hulen Mall

      Retail space with high visibility near Hulen Mall.
      4626 S Hulen St, Fort Worth, TX 76109
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      2,037 SF

      Retail Space in Rivertree Center

      Retail space available for lease in Fort Worth, Texas.
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      2,500 SF

      Retail Space on Hulen Street

      Retail space available for lease on South Hulen Street.
      2950 South Hulen St, Fort Worth, TX 76109
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      1,513 SF

      Prime Retail Space Near TCU

      Restaurant/retail space adjacent to Texas Christian University.
      3021 S University Dr, Fort Worth, TX 76109
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      2,500 SF

      Retail Space For Rent

      Retail space available for lease in Fort Worth, TX.
      4620 Hartwood Dr, Fort Worth, TX 76109
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      634 SF

      Six-Story Office Near TCU

      19,977 SF office building adjacent to TCU.
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    Fort Worth, TX 76109-9507
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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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