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Property profile & analytics
OFF-MARKET
Estimated value
$6,180,000
Investment properties
2740 Lipscomb St Fort Worth, TX 76110-3119
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3877468
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Total area
22,580 SF
Lot
0.67 ac (29,242 SF)
APN
39450-7-13-30
UPID
US83-3877468
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
-
The Art of Grazing, Fort Worth Specialty Food Shop Butcher
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.31M
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$6.18M
Owner & transaction history
Stlmp LLC · 6 yrs held
Stlmp LLC
since 2019
7 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,830,000
6.5%
$6,305,000
7%
$5,855,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,740,000
Current use
Blend value · Realmo final
$6.18M
Range $5.56M – $6.80M · ±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
$274 / 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
$39,598
Tax year 2023
Assessed value
$3,000,000
Assessed 2024
Previous assessed
$1,750,000
+71.4% YoY
Effective rate
1.32%
On assessed value
Assessed land
$146,210
Assessed improvement
$2,853,790
Land market value
$146,210
Improvement market value
$2,853,790
Total market value
$3,000,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Heating
NONE
Stories
1
Total area
22,580 SF
Lot
0.67 ac (29,242 SF)
APN
39450-7-13-30
UPID
US83-3877468
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
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
COMMERCIAL (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
1940
Heating
NONE
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Stlmp LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2120 MISTLETOE BLVD UNIT #4, FORT WORTH, TX 76110-1174
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
Stlmp LLC
—
Deed
related
$1,500,000 · Captex Bank
Aug 12, 2019
—
Stlmp LLC
Fort Worth Living Ltd
Grant Deed
related
—
Jan 29, 2018
—
Fort Worth Living Ltd
—
Deed
related
—
Jul 1, 2013
—
Fort Worth Living Ltd
—
Trustees Deed
related
$156,249 · Gap Real Estate Ltd
Jan 21, 2004
—
Fort Worth Living Ltd
Thomas,kenneth M
Grant Deed
related
—
Jul 8, 2003
—
Kenneth M Thomas
Nguyen,vu
Grant Deed
related
—
Nov 25, 1998
—
Uyen Nguyen
Dong,phuc V
Grant Deed
related
—
—
—
Fort Worth Living Ltd
—
Deed Of Trust
related
—
—
—
Forth Worth Living Ltd
—
Deed Of Trust
related
$250,000 · Texans Commercial Capital LLC
—
—
Fort Worth Living Ltd
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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