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Property profile & analytics
OFF-MARKET
Estimated value
$2,710,000
Warehouses
3019 Keller Hicks Rd Fort Worth, TX 76244-9041
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2981912
Property summary
AI-generated overview
This Fort Worth, Texas industrial flex space at 3019 Keller Hicks Rd offers 4,300 total square feet across two suites, with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 2,000 square feet. The property sits on a six-acre lot in Tarrant County, boasting a 14-foot ceiling height. Its prime location offers unparalleled visibility and accessibility, situated just one mile from I-35W, ensuring high traffic and easy access to major thoroughfares. The property benefits from its proximity to the expansive AllianceTexas development, less than three miles away, providing a dynamic environment. Convenient public transportation and ample parking further enhance its appeal. This location is ideal for businesses seeking a thriving commercial environment with excellent transportation links. The property is suitable for multiple tenants.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
43,000 SF
Lot
6 ac (261,534 SF)
APN
17998-1-16
UPID
US82-2981912
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
-
Boren Lawn & Landscape Inc Landscaping General Contractor
-
Chevy & Ford Transmission Auto Repair Shop
-
Top Gear Transmissions Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.71M
Owner & transaction history
Hicks Storage Keller · 20 yrs held
Hicks Storage Keller
since 2005
5 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,705,000
Current use
MEDICAL BUILDING
$3,430,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.71M
Range $2.44M – $2.98M · ±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
$63 / 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
$51,532
Tax year 2023
Assessed value
$2,336,375
Assessed 2024
Previous assessed
$2,279,000
+2.5% YoY
Effective rate
2.21%
On assessed value
Assessed land
$490,352
Assessed improvement
$1,846,023
Land market value
$490,352
Improvement market value
$1,846,023
Total market value
$2,336,375
Applied tax rate
224.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Stories
1
Total area
43,000 SF
Lot
6 ac (261,534 SF)
APN
17998-1-16
UPID
US82-2981912
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
WAREHOUSE, STORAGE Current
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1996
Heating
NONE
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
Hicks Storage Keller
Individual
Mailing address
2924 MISTYS RUN, FORT WORTH, TX 76244-6833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2006
—
Hicks Storage Keller
—
Trustees Deed
related
$625,000 · Northwest Bank
Dec 28, 2005
—
Hicks Storage Keller
Messer & Messer Builders INC
Grant Deed
$139,545 · Northwest Bank
—
—
Hicks Storage Keller
—
Loan Modification
related
$192,834 · North Texas Bank NA
—
—
Messer
—
Deed Of Trust
related
$250,000 · Northwest Bank
—
—
Messer & Messer Builders INC
—
Deed Of Trust
related
$160,000 · Northwest Bank
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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