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

    2920 Suffolk Dr Fort Worth, TX 76133

    • Industrial properties
    • 7,200 SF
    • 1.07 lot acres
    OFF-MARKET
    Last Sale
    Apr 16, 2024
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6660025
    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

    • Industrial properties

    Property Details for 2920 Suffolk Dr

    Year built
    1980
    Lot size
    1.07 lot acres
    Property size
    7,200 SF
    Property type
    Industrial properties
    APN
    37450-1-13
    APU
    37450113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3589
    Latitude
    32.6879
    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
    $7,576
    $104,625
    $244,575
    $349,200
    -
    $104,625
    $244,575
    $349,200

    Comparable in this City

    • Value Estimation
      $1,030,000
      69,336 SF

      4121 Stadium Dr

      HEAVY INDUSTRIAL • 69,336 SF
      4121 Stadium Dr, Fort Worth, TX 76133-1031
      View Details
    • Value Estimation
      $585,000
      21,760 SF

      4116 Cockrell Ave

      HEAVY INDUSTRIAL • 21,760 SF
      4116 Cockrell Ave, Fort Worth, TX 76133-1110
      View Details
    • Value Estimation
      $515,000
      108,300 SF

      3863 Loop 820

      MINI-WAREHOUSE, STORAGE • 108,300 SF
      3863 Loop 820, Fort Worth, TX 76133-2064
      View Details
    • Value Estimation
      $1,025,000
      56,082 SF

      3000 Sycamore School Rd

      MINI-WAREHOUSE, STORAGE • 56,082 SF
      3000 Sycamore School Rd, Fort Worth, TX 76133
      View Details
    • Value Estimation
      $855,000
      175,975 SF

      6900 Granbury Rd

      MINI-WAREHOUSE, STORAGE • 175,975 SF
      6900 Granbury Rd, Fort Worth, TX 76133-5926
      View Details
    • Value Estimation
      $765,000
      160,100 SF

      7000 Granbury Rd

      MINI-WAREHOUSE, STORAGE • 160,100 SF
      7000 Granbury Rd, Fort Worth, TX 76133-5911
      View Details

    Similar Nearby for Sale

    • $2,061,640

      Commercial Land on Granbury Road

      Commercial land with utilities and frontage on two roads.
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      Two duplexes in a strong rental market, ideal for investors.
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      Fort Worth Duplex Investment Opportunity

      Two duplexes in a strong rental market, ideal for investors.
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    • New
      $382,500
      0.26 Acres

      Fort Worth Duplex Investment Opportunity

      Duplex near Candleridge Park with income potential in Fort Worth.
      7217 Fuller Cir, Fort Worth, TX 76133
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    • New
      $299,900
      0.17 Acres

      Fort Worth Duplex For Sale

      Income-producing duplex with two bedrooms and one bathroom per unit.
      6817-6819 W Cleburne Rd, Fort Worth, TX 76133
      View Details
    • $500,000
      1.79 Acres

      Commercial Land in Fort Worth

      Highly visible corner lot suitable for various commercial ventures.
      W Cleburne Rd, Fort Worth, TX 76133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Remodeled Flex Space with Yard

      2,500 SF flex space with remodeled office and yard.
      3321 Suffolk Dr, Fort Worth, TX 76133
      View Details
    • Contact for pricing
      24,948 SF

      Industrial Warehouse Space Available

      24,948 SF warehouse space for lease.
      2921 Suffolk Dr, Fort Worth, TX 76133
      View Details
    • Contact for pricing
      8,510 SF

      Retail, Office, and Flex Spaces

      Retail, office, and flex spaces available for lease.
      5301 Mccart Ave, Fort Worth, TX 76133
      View Details
    • Contact for pricing
      42,000 SF

      Fort Worth Flex Space Available

      Industrial flex space, multiple units, South Fort Worth.
      4205 Stadium Dr, Fort Worth, TX 76133
      View Details
    • Contact for pricing
      86,836 SF

      Woodmont Plaza Retail Center

      Fort Worth Shopping Center - Spaces Available
      6401-6451 Mccart Ave, Fort Worth, TX 76133
      View Details
    • Contact for pricing
      1,334 SF

      Renovated Fort Worth Shopping Center

      Classic shopping center with high traffic and street visibility.
      6213-6221 Granbury Rd, Fort Worth, TX 76133
      View Details
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    2920 Suffolk Dr
    Fort Worth, TX 76133
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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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