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Property profile & analytics
OFF-MARKET
Estimated value
$3,590,000
Drug stores
3100 Miller Ave Fort Worth, TX 76105-5049
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3710095
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1999
Total area
15,432 SF
Lot
1.65 ac (71,874 SF)
APN
37275----6R---1---20
UPID
US83-3710095
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
-
Western Union Bank Credit Union
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
Walgreens (Bike/Boat/Book/etc) Store Cosmetic Store
-
Walgreens ATM Atm
-
Thuy Nguyen Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.82M
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$3.59M
Owner & transaction history
Safari Properties LLC · 4 yrs held
Safari Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+8.9%
Office building
$2.6M
+7.6%
Commercial (general)
$2.6M
+7.4%
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%
$4,135,000
6.5%
$3,815,000
7%
$3,545,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,380,000
Current use
RESTAURANT
$2,595,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$2,565,000
Change: +8% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,560,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$3.59M
Range $3.23M – $3.95M · ±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
$233 / 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
$61,584
Tax year 2023
Assessed value
$2,585,520
Assessed 2024
Previous assessed
$2,721,600
-5.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$1,150,064
Assessed improvement
$1,435,456
Land market value
$1,150,064
Improvement market value
$1,435,456
Total market value
$2,585,520
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
15,432 SF
Lot
1.65 ac (71,874 SF)
APN
37275----6R---1---20
UPID
US83-3710095
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
RETAIL STORES Current
Est. value
$2.4M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1999
Heating
NONE
Stories
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Safari Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
13992 PENN SHOP RD, MOUNT AIRY, MD 21771-4616
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
—
Safari Properties LLC
Fdi Postal Properties II LLC
Special Warranty Deed
—
Jul 29, 2019
—
Fdi Postal Properties II INC
Spirit Wg Fort Worth Tx LLC
Grant Deed
$3,325,000 · Branch Bk&tr
Jul 24, 2007
—
Cole Wg Fort Worth Tx LLC
Fpro-101 LLC
Special Warranty Deed
$3,675,000 · Wachovia Bank NA
Jun 5, 2003
—
Fpro-134 LLC
Cbrei 1031 Fort I LLC
Grant Deed
related
—
May 19, 2003
—
Fpro-131 LLC
Cbrei 1031fort I LLC
Grant Deed
related
—
Apr 25, 2003
—
Fpro-125 LLC
Cbrei 1031 Fort 1 LLC
Grant Deed
related
—
Apr 3, 2003
—
Fpro 116 LLC
Cbrei 1031 Fort 1 LLC
Grant Deed
related
—
Mar 20, 2003
—
Fpro-122 LLC
Cbrei 1031 Fort I LLC
Grant Deed
related
—
Feb 27, 2003
—
Fpro-118 LLC
Cbrei 1031 Fort I LLC
Grant Deed
related
—
Feb 19, 2003
—
Fpro-114 LLC
Cbrei 1031 Fort 1 LLC
Grant Deed
related
—
Feb 12, 2003
—
Fpro-113 LLC
Cbrei 1031 Fort 1 LLC
Grant Deed
related
—
Jan 7, 2003
—
Fpro-111 LLC
Cbrei 1031 Fort 1llc
Grant Deed
related
—
Dec 31, 2002
—
Fpro-109 LLC
Cbrei 1031 Fort 1 LLC
Grant Deed
related
—
Dec 16, 2002
—
Fpro-105 LLC
Cbrei 1031fort 1 LLC
Grant Deed
related
—
Oct 2, 2002
—
Fpro 104 LLC
Cbrei 1031 Fort I LLC
Grant Deed
related
—
Sep 13, 2002
—
Cb Richard Ellis Investors LLC
Cbrei 1031 Fort I LLC
Grant Deed
related
—
—
—
Spirit Wg Fort Worth Tx LLC
—
Loan Modification
related
$3,675,000 · Us Bank NA #2007-c33 (ce)
—
—
Fpro-101 LLC
—
Deed Of Trust
related
—
—
—
Fpro-101 LLC
—
Deed Of Trust
related
—
—
—
Fpro-106 LLC
—
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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