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    Property profile & analytics

    3233 Joyce Dr Fort Worth, TX 76116-5116

    • Retail space
    • 1,033 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Nov 08, 2022
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    5.4%
    Retail space
    Location Intelligence
    Property ID
    US83-4216835
    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

    • Texas Lone Star Trucking, LLC. / Trucking Company / Construction Company
    • International Pottery / Pottery Store / Plant Nursery

    Property Details for 3233 Joyce Dr

    Year built
    1946
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    1,033 SF
    Property type
    Retail space
    APN
    490-25-9
    APU
    490259

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $275,000
      6.5%
      $255,000
      7%
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4419
    Latitude
    32.7248
    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
    $1,433
    $34,125
    $38,875
    $73,000
    -
    $34,125
    $38,875
    $73,000

    Comparable in this City

    • Value Estimation
      $295,000
      0.14 Acres

      6729 Elizabeth Ln

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    • Value Estimation
      $320,000
      7,389 SF

      6540 Cp Bowie Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,389 SF
      6540 Cp Bowie Blvd, Fort Worth, TX 76116-4329
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    • Value Estimation
      $310,000
      5,300 SF

      7256 Vickery Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,300 SF
      7256 Vickery Blvd, Fort Worth, TX 76116-9071
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    • Value Estimation
      $340,000
      4,489 SF

      694 Alta Mere Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,489 SF
      694 Alta Mere Dr, Fort Worth, TX 76116-1520
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    • Value Estimation
      $260,000
      2,124 SF

      6717 Calmont Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,124 SF
      6717 Calmont Ave, Fort Worth, TX 76116-4203
      View Details
    • Value Estimation
      $365,000
      7,252 SF

      6465 Cp Bowie Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,252 SF
      6465 Cp Bowie Blvd, Fort Worth, TX 76116-4336
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,840 SF

      Retail Opportunity at Ridgmar Mall

      Retail space for sale on JCPenney outparcel at Ridgmar Mall.
      6921 Green Oaks Rd, Fort Worth, TX 76116
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      8,229 SF

      Retail Property Value-Add Opportunity

      Retail property with high potential in a growing area.
      6901 Green Oaks Rd, Fort Worth, TX 76116
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    • $3,960,400
      39,604 SF

      Retail Land for Sale

      Retail and commercial land with redevelopment potential.
      7912-7948 Camp Bowie West Blvd, Fort Worth, TX 76116
      View Details
    • $1,499,000
      0.49 Acres

      Established Auto Sales Business Opportunity

      Long-standing Fort Worth auto sales business with excellent reputation.
      8259 Camp Bowie West Blvd, Fort Worth, TX 76116
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    • $2,300,000
      6,924 SF

      Fort Worth Retail Power Center

      Turnkey Restaurant, High-Traffic Location
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      Retail Property on Camp Bowie

      Retail property for sale on Camp Bowie Boulevard.
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    Similar Nearby for Lease

    • Contact for pricing
      1,216 SF

      Retail Space with Highway Access

      Retail space with great accessibility and ample parking.
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      1,350 SF

      Retail Space on Camp Bowie

      Retail space on a main thoroughfare in Fort Worth.
      8100-8112 Camp Bowie Blvd W, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      2,000 SF

      Retail Center Space Available

      Retail spaces available in a shopping center.
      8525 Camp Bowie Blvd W, Fort Worth, TX 76116
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    • Contact for pricing
      4,016 SF

      Retail Space in Fort Worth

      Retail space available in a Sprout’s Farmers Market anchored center.
      6333 Camp Bowie Blvd, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Fort Worth

      1000 sq ft retail space available for rent.
      2400 Mall Cir, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      1,218 SF

      Retail Space with Facade Upgrade

      Retail spaces available in neighborhood retail center with great parking.
      2801 Alta Mere Dr, Fort Worth, TX 76116
      View Details
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    3233 Joyce Dr
    Fort Worth, TX 76116-5116
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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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