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

    2698 Hulen St Fort Worth, TX 76109-5552

    • Assisted living facilities
    • 48,829 SF
    • 3.31 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2665993
    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

    • Brookdale Tanglewood Oaks / Assisted Living Facility / Home Health Care Service
    • Emeritus at Tanglewood Oaks / Assisted Living Facility
    • Beth Fulton Pt / Physical Therapist

    Property Details for 2698 Hulen St

    Year built
    1996
    Lot size
    3.31 lot acres
    Property size
    48,829 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    40475-3-1R
    APU
    4047531R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $586,000
      Market price range: $350k - $1.05M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $700,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3862
    Latitude
    32.7136
    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
    $93,649
    $1,645,419
    $2,601,581
    $4,247,000
    -
    $1,645,419
    $2,601,581
    $4,247,000

    Comparable in this City

    • Value Estimation
      $745,000
      61,562 SF

      4201 Stonegate Blvd

      HOMES (RETIRED, NURSING) • 61,562 SF
      4201 Stonegate Blvd, Fort Worth, TX 76109-9503
      View Details
    • Value Estimation
      $870,000
      124,503 SF

      4242 Bryant Irvin Rd

      HOMES (RETIRED, NURSING) • 124,503 SF
      4242 Bryant Irvin Rd, Benbrook, TX 76109-4222
      View Details
    • Value Estimation
      $1,060,000
      505,069 SF

      3033 Acme Brick Plz

      HOMES (RETIRED, NURSING) • 505,069 SF
      3033 Acme Brick Plz, Fort Worth, TX 76109-4227
      View Details
    • Value Estimation
      $690,000
      38,764 SF

      4252 Bryant Irvin Rd

      HOMES (RETIRED, NURSING) • 38,764 SF
      4252 Bryant Irvin Rd, Benbrook, TX 76109-4298
      View Details
    • Value Estimation
      $900,000
      14,350 SF

      5656 Edwards Rnch Rd

      MEDICAL BUILDING • 14,350 SF
      5656 Edwards Rnch Rd, Fort Worth, TX 76109-4136
      View Details
    • Value Estimation
      $560,000
      20,072 SF

      4000 Bryant Irvin Rd

      DENTAL BUILDING • 20,072 SF
      4000 Bryant Irvin Rd, Fort Worth, TX 76109-4114
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.32 Acres

      Benbrook Commercial Land - 0.315 Acres

      Prime Benbrook land, ideal for commercial development. High traffic, great visibility.
      4260 Bryant Irvin Rd, Benbrook, TX 76109
      View Details
    • $399,000
      1,286 SF

      Fort Worth Duplex Near TCU

      Investment opportunity near TCU with redevelopment potential.
      3232 Merida Ave, Fort Worth, TX 76109
      View Details
    • $5,753,000

      Retail Property on South Hulen

      Retail property for sale on South Hulen Street, Fort Worth.
      4300-4375 S Hulen St, Fort Worth, TX 76109
      View Details
    • $840,000

      Two-Unit Duplex Near TCU

      Two-story duplex near TCU, shopping, and restaurants.
      3252 S University Dr, Fort Worth, TX 76109
      View Details
    • $749,000
      0.42 Acres

      Residential Land in Stonegate

      Land in gated community ready for custom home build.
      2889 Oakbriar Trl, Fort Worth, TX 76109
      View Details
    • $169,999

      Refreshed Condo in Bellaire Community

      Updated 1 bed/1 bath condo in desirable Fort Worth location.
      4401 Bellaire Dr S 126S, Fort Worth, TX 76109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,337 SF

      Retail Space Available in Fort Worth

      Prime retail space available at Hulen Oaks Shopping Center.
      4611-4619 S Hulen St, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      634 SF

      Six-Story Office Near TCU

      19,977 SF office building adjacent to TCU.
      3113 S University Dr, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space Near Hulen Mall

      Retail space with high visibility near Hulen Mall.
      4626 S Hulen St, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      10,800 SF

      Versatile Office Space Available

      Adaptable office space suitable for various business types.
      3584 S Hills Ave, Fort Worth, TX 76109
      View Details
    • Contact for pricing
      2,037 SF

      Retail Space in Rivertree Center

      Retail space available for lease in Fort Worth, Texas.
      2820-2834 S Hulen St, Fort Worth, TX 76109
      View Details
    • $28 SF/Yr
      2,079 SF

      Professional Office Space in Fort Worth

      Multi-tenant office building with space available in southwest Fort Worth.
      2800 S Hulen St, Fort Worth, TX 76109
      View Details
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    2698 Hulen St
    Fort Worth, TX 76109-5552
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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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