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

    2925 Race St Fort Worth, TX 76111-4134

    • Turn key restaurants
    • 2,720 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1309688
    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

    • Turn key restaurants

    Property Details for 2925 Race St

    Year built
    1950
    Lot size
    0.52 lot acres
    Property size
    2,720 SF
    Property type
    Turn key restaurants
    APN
    A1056--49------20
    APU
    A10564920

    Description

    This exceptional 6,054-square-foot restaurant space, located at 2925 Race St in Fort Worth, Texas (zip code 76111), presents a unique investment opportunity in the vibrant River East Entertainment District. Previously a music venue, the property is ideally suited for a bar/restaurant concept or entertainment venue, offering significant potential for growth. The interior boasts a spacious open area, a fully equipped kitchen, and a full bar, providing ample flexibility for various culinary and entertainment uses. An overhead door conveniently connects the interior to a sizable back patio, expanding the usable space significantly. This outdoor area features another bar, ample room for outdoor games, and a stage perfect for live performances. The property's prime location offers unparalleled access to a thriving community. Within walking distance are luxury apartments, diverse restaurants, coffee shops, boutique retail stores, residential housing, and offices, ensuring a consistent flow of potential customers. This turnkey property is ready for immediate occupancy and offers a rare chance to establish a successful business in a high-demand area of Fort Worth. The property is a single-tenant space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $385,000
      Market price range: $245k - $417k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $335,000
      Current use
      RETAIL STORES
      $345,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $345,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $330,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3044
    Latitude
    32.7736
    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
    $14,955
    $91,156
    $452,844
    $544,000
    -
    $91,156
    $452,844
    $544,000

    Comparable in this City

    • Value Estimation
      $270,000
      1,288 SF

      2612 28th St

      RESTAURANT • 1,288 SF
      2612 28th St, Fort Worth, TX 76111-2920
      View Details
    • Value Estimation
      $275,000
      2,142 SF

      3912 1st St

      RESTAURANT • 2,142 SF
      3912 1st St, Fort Worth, TX 76111-6507
      View Details
    • Value Estimation
      $345,000
      4,469 SF

      2700 28th St

      RESTAURANT • 4,469 SF
      2700 28th St, Fort Worth, TX 76111-2922
      View Details
    • Value Estimation
      $310,000
      7,000 SF

      3124 Belknap St

      RESTAURANT • 7,000 SF
      3124 Belknap St, Fort Worth, TX 76111-4120
      View Details
    • Value Estimation
      $265,000
      0.04 Acres

      1175 Baurline St

      RESTAURANT • 0.04 Acres
      1175 Baurline St, Fort Worth, TX 76111-7008
      View Details
    • Value Estimation
      $270,000
      0.04 Acres

      2612 28th St

      RESTAURANT • 0.04 Acres
      2612 28th St, Fort Worth, TX 76111-2920
      View Details

    Similar Nearby for Sale

    • $1,500,000
      0.11 Acres

      Partially Built-Out Restaurant Space

      Restaurant space in key location with high foot traffic potential.
      2500 E Belknap St, Fort Worth, TX 76111
      View Details
    • New
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      Versatile Commercial Land in Fort Worth

      Commercial land suitable for various uses in Fort Worth, TX.
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      Fort Worth Walgreens: Strong NNN Lease
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      Retail Building on N Sylvania

      Retail building with spacious lot, great for new business.
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      Commercial Land Near Downtown

      Just under 1 acre of commercial land near downtown.
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    • $975,000
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      Fort Worth Industrial Opportunity

      Industrial building with office, storage, and convenient highway access.
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    Similar Nearby for Lease

    • $20 SF/Yr
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      Restaurant Opportunity in Growing District

      Convertible building in up-and-coming Fort Worth neighborhood.
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      View Details
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      Retail Space Available For Lease

      Retail space available for lease in Fort Worth, Texas.
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      View Details
    • $2,700 /Mo
      2,614 SF

      High-Visibility Corner Lot Retail Space

      2,500 sqft retail space on high-visibility corner lot.
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      View Details
    • $8 SF/Yr
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      North Riverside Retail Center

      Fort Worth retail space, newly renovated.
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      Retail Space in Haltom City

      Retail space available for lease in Haltom City, Texas.
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      View Details
    • $16 SF/Yr
      5,400 SF

      Retail Spaces in Sylvania Center

      Retail spaces available for lease in revitalizing River East.
      1006 N Sylvania Ave, Fort Worth, TX 76111
      View Details
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    2925 Race St
    Fort Worth, TX 76111-4134
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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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