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

    3216 Friendly Ln Haltom City, TX 76117-3621

    • Office buildings
    • 5,557 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0473064
    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

    • Office buildings

    Property Details for 3216 Friendly Ln

    Year built
    1984
    Lot size
    0.34 lot acres
    Property size
    5,557 SF
    Property type
    Office buildings
    APN
    25460-33-18R
    APU
    254603318R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $672,000
      Market price range: $337k - $1.00M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $685,000
      Current use
      AUTO REPAIR, GARAGE
      $790,000
      Change: +16% Conversion: Difficult
      RESTAURANT
      $680,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Haltom City
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2739
    Latitude
    32.8083
    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
    $11,234
    $14,810
    $513,105
    $527,915
    -
    $14,810
    $513,105
    $527,915

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      2211 Solona St

      OFFICE BUILDING • 0.23 Acres
      2211 Solona St, Haltom City, TX 76117
      View Details
    • Value Estimation by Request
      3,107 SF

      4744 28th St

      OFFICE BUILDING • 3,107 SF
      4744 28th St, Haltom City, TX 76117-4405
      View Details
    • Value Estimation by Request
      2,208 SF

      4700 Airport Fwy

      OFFICE BUILDING • 2,208 SF
      4700 Airport Fwy, Fort Worth, TX 76117-6260
      View Details
    • Value Estimation by Request
      1,220 SF

      5041 Airport Fwy

      OFFICE BUILDING • 1,220 SF
      5041 Airport Fwy, Haltom City, TX 76117-6252
      View Details
    • Value Estimation
      $620,000
      11,102 SF

      6333 Airport Fwy

      OFFICE BUILDING • 11,102 SF
      6333 Airport Fwy, Haltom City, TX 76117-5323
      View Details
    • Value Estimation
      $740,000
      16,552 SF

      5208 Airport Fwy

      OFFICE BUILDING • 16,552 SF
      5208 Airport Fwy, Haltom City, TX 76117-5922
      View Details

    Similar Nearby for Sale

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      0.11 Acres

      Haltom City Office For Sale

      Conveniently located office building with easy freeway access.
      1913 Hemlock Dr, Haltom City, TX 76117
      View Details
    • $750,000

      Haltom City Office Opportunity

      Ready-to-use office with M-1 zoning near Highway 121.
      1925 Hickory Dr, Haltom City, TX 76117
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    • $445,000
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      Haltom City Warehouse with Offices

      Versatile commercial property with offices and open storage space.
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    • $125,000
      0.44 Acres

      Haltom City Office Redevelopment Opportunity

      Versatile office-zoned property on 0.44-acre corner lot ready for redevelopment.
      3236 Rita Ln, Haltom City, TX 76117
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    • $1,008,000
      4,800 SF

      Airport Freeway Flex Space Investment

      Haltom City industrial flex building, great visibility.
      5716 Airport Fwy, Haltom City, TX 76117
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    • Contact for pricing
      1.90 Acres

      Prime Haltom City Development Land

      Nearly 2 acres, Loop 820 frontage
      5540 Loop, Haltom City, TX 76117
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      13,068 SF

      Haltom City Office Space Available

      Move-in ready office space suitable for various professional uses.
      4209 Broadway Ave, Haltom City, TX 76117
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    • $8 SF/Yr
      13,678 SF

      Wheeler Street Office Space

      Prime Tarrant County office suites available.
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    • $7 SF/Yr
      38,474 SF

      Haltom City Industrial/Flex Sublease

      Industrial/Flex space for sublease, minutes from DFW Airport.
      1663 Hickory Dr, Haltom City, TX 76117
      View Details
    • $5,000 /Mo
      8,975 SF

      Haltom City Office Space Available

      Office space available for lease in Haltom City, Texas.
      5717 Airport Fwy, Haltom City, TX 76117
      View Details
    • $7 SF/Yr
      38,474 SF

      Haltom City Industrial Flex Space

      4,250 SF industrial/flex space for sublease in Haltom City.
      1663 Hickory Dr, Haltom City, TX 76117
      View Details
    • Contact for pricing
      32,000 SF

      Four Two Park: Haltom City Flex Space

      Modern Flex Space, 3 Buildings Available
      4205 Glenview Dr, Haltom City, TX 76117
      View Details
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    3216 Friendly Ln
    Haltom City, TX 76117-3621
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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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