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

    3029 Caddo Trl Lake Worth, TX 76135-3905

    • Warehouses
    • 4,680 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2022
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3411993
    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

    • Warehouses

    Property Details for 3029 Caddo Trl

    Year built
    1946
    Lot size
    0.42 lot acres
    Property size
    4,680 SF
    Property type
    Warehouses
    APN
    21080-30-21
    APU
    210803021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $224,000
      Market price range: $118k - $444k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $275,000
      Current use
      MEDICAL BUILDING
      $410,000
      Change: +48% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $400,000
      Change: +43% Conversion: Easy
      RETAIL STORES
      $275,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4419
    Latitude
    32.8016
    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
    $5,018
    $18,200
    $216,352
    $234,552
    -
    $18,200
    $216,352
    $234,552

    Comparable in this City

    • Value Estimation
      $470,000
      41.40 Acres

      3269 Buda Ln

      WAREHOUSE, STORAGE • 41.40 Acres
      3269 Buda Ln, Fort Worth, TX 76135-2725
      View Details
    • Value Estimation
      $270,000
      5,000 SF

      6428 9th Mile Brg Rd

      WAREHOUSE, STORAGE • 5,000 SF
      6428 9th Mile Brg Rd, Fort Worth, TX 76135-9260
      View Details
    • Value Estimation
      $345,000
      4,000 SF

      4886 Roadrunner Rd

      WAREHOUSE, STORAGE • 4,000 SF
      4886 Roadrunner Rd, Fort Worth, TX 76135-9431
      View Details
    • Value Estimation
      $1,520,000
      155,722 SF

      3101 Buda Ln

      WAREHOUSE, STORAGE • 155,722 SF
      3101 Buda Ln, Fort Worth, TX 76135-2724
      View Details
    • Value Estimation
      $270,000
      120 SF

      10201 Jacksboro Hwy

      MINI-WAREHOUSE, STORAGE • 120 SF
      10201 Jacksboro Hwy, Fort Worth, TX 76135-4705
      View Details
    • Value Estimation
      $635,000
      23,674 SF

      9889 Jacksboro Hwy

      WAREHOUSE, STORAGE • 23,674 SF
      9889 Jacksboro Hwy, Fort Worth, TX 76135
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,155 SF

      Fort Worth Industrial Compound

      31,155 SF Warehouse & Storage, 15.52 Acres
      9901 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $1,590,000
      0.96 Acres

      Fort Worth Industrial Office/Warehouse

      7,000+ sqft office and warehouse space on almost an acre.
      9840 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $349,000
      0.67 Acres

      Warehouse with High Traffic Location

      Warehouse on corner lot near Eagle Mountain Lake, Fort Worth.
      7899 Hanger Cutoff Rd, Fort Worth, TX 76135
      View Details
    • $4,275,000
      0.00 Acres

      Mixed-Use Property on Jacksboro Highway

      Mixed-use property with commercial, residential, and storage income potential.
      8601 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $200,000
      0.44 Acres

      Fort Worth Land For Sale

      0.44 acre lot with commercial or residential potential.
      5295 Boat Club Rd, Fort Worth, TX 76135
      View Details
    • $1,499,000
      1.38 Acres

      Fort Worth Commercial Land Available

      1.377 acres of commercial land ready for development.
      6501 Loop 820, Fort Worth, TX 76135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,579 SF

      Regional Power Center Retail Space

      197,332 SF regional power center in high-growth Fort Worth area.
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      View Details
    • Contact for pricing
      2,892 SF

      Retail Space in Lake Worth

      High-traffic shopping center near Naval Air Station Joint Reserve Base.
      6548-6636 Lake Worth Blvd, Lake Worth, TX 76135
      View Details
    • $20 SF/Yr
      2,660 SF

      Office Space Available For Rent

      Office space available for rent with 2660 square feet.
      5816 Boat Club Rd, Fort Worth, TX 76135
      View Details
    • Contact for pricing
      76,409 SF

      Lake Worth Retail Center Investment

      High-Visibility Strip Center, 30 Suites
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      View Details
    • Contact for pricing
      1,027 SF

      Retail Space in Fort Worth Hub

      Retail space in a busy Fort Worth shopping center.
      6560 Lake Worth Blvd, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      34,106 SF

      Retail Space in Lake Worth

      High-traffic shopping center near Naval Air Station Joint Reserve Base.
      6568-6596 Azle Ave, Lake Worth, TX 76135
      View Details
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    3029 Caddo Trl
    Lake Worth, TX 76135-3905
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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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