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    Property profile & analytics

    3325 Phoenix Dr Fort Worth, TX 76116

    • Specialty properties
    • 7,666 SF
    • 0.53 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4052046
    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

    • Tierce III M L DVM / Veterinarian
    • Rourk Terrell DVM / Veterinarian
    • Western Hills Animal Hospital / Animal Hospital

    Property Details for 3325 Phoenix Dr

    Year built
    1964
    Lot size
    0.53 lot acres
    Property size
    7,666 SF
    Property type
    Specialty properties
    APN
    46065-1-BR
    APU
    460651BR

    Description

    This exceptional 7,267-square-foot mixed-use property in Fort Worth, Texas, presents a compelling investment opportunity. Located at 3325 Phoenix Dr, 76116, this single-story building sits on a 0.53-acre lot zoned CB-WB, offering versatility for a range of businesses. Previously used as a veterinary clinic, the property features ample storage and warehouse space, ideal for animal-related services, medical offices, construction, yard services, or small distribution. The "L"-shaped lot provides convenient access to Camp Bowie West. Key features include covered parking and prominent facade signage. The asking price is $545,000, translating to $75 per square foot. This vacant property is ready for immediate occupancy and customization to suit your specific needs. The property's location in Tarrant County offers excellent access to major transportation routes and a thriving local market. Don't miss this chance to acquire a well-positioned, adaptable commercial space with significant potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $431,000
      Market price range: $432k - $750k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $515,000
      OFFICE BUILDING
      $485,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.458
    Latitude
    32.7246
    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
    $12,759
    $57,348
    $482,652
    $540,000
    -
    $57,348
    $482,652
    $540,000

    Comparable in this City

    • Value Estimation
      $470,000
      10,844 SF

      8329 Ww Fwy

      VETERINARY, ANIMAL HOSPITAL • 10,844 SF
      8329 Ww Fwy, Fort Worth, TX 76116-3441
      View Details
    • Value Estimation
      $300,000
      4,874 SF

      6824 Cp Bowie W Blvd

      VETERINARY, ANIMAL HOSPITAL • 4,874 SF
      6824 Cp Bowie W Blvd, Fort Worth, TX 76116-7127
      View Details
    • Value Estimation
      $270,000
      1,785 SF

      9911 Cp Bowie W Blvd

      VETERINARY, ANIMAL HOSPITAL • 1,785 SF
      9911 Cp Bowie W Blvd, Fort Worth, TX 76116-1213
      View Details
    • Value Estimation
      $570,000
      6,000 SF

      6201 Cp Bowie Blvd

      VETERINARY, ANIMAL HOSPITAL • 6,000 SF
      6201 Cp Bowie Blvd, Fort Worth, TX 76116-5524
      View Details
    • Value Estimation
      $225,000
      2,850 SF

      4404 Swsw Blvd

      VETERINARY, ANIMAL HOSPITAL • 2,850 SF
      4404 Swsw Blvd, Fort Worth, TX 76116-8714
      View Details
    • Value Estimation
      $375,000
      12,200 SF

      3704 Benbrook Hwy

      FUNERAL HOME • 12,200 SF
      3704 Benbrook Hwy, Fort Worth, TX 76116-9479
      View Details

    Similar Nearby for Sale

    • $269,000
      2.36 Acres

      Fort Worth Commercial Land - 2.36 Acres

      Prime 2.36-acre lot, ideal commercial/residential development.
      9015 Normandale St, Fort Worth, TX 76116
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    • $799,000
      2,100 SF

      Updated Office and Warehouse Space

      Updated office and warehouse with covered parking/storage for sale.
      3117 Marquita Dr, 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
    • $200,000
      0.26 Acres

      Corner Lot on Camp Bowie

      Premier corner lot with frontage on Camp Bowie West Blvd.
      9534 Camp Bowie West Blvd, Fort Worth, TX 76116
      View Details
    • $525,000
      0.36 Acres

      Benbrook Office Building For Sale

      Office building in Benbrook, TX with long-term tenant.
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      View Details
    • $570,000

      Prime Fort Worth Land Investment

      95,000 SF Lot, $570,000
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    Similar Nearby for Lease

    • $13 SF/Yr
      21,999 SF

      Alta Mere Retail Center: Tarrant County

      Prime Retail Space Available - Near Lockheed Martin
      2901 Alta Mere Dr, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      1,760 SF

      Benbrook Warehouse Space Available

      Modern warehouse units, flexible sizes.
      4840 Benbrook Blvd, Benbrook, TX 76116
      View Details
    • Contact for pricing
      630 SF

      Fort Worth Retail Pad Site

      Prime 630 SF Retail Space, High Visibility
      8744 Camp Bowie West Blvd, Fort Worth, TX 76116
      View Details
    • $1,750,000
      700 SF

      West Fort Worth Office Suites

      Two-story brick office building with various floor plans available.
      8205 Camp Bowie Blvd W, Fort Worth, TX 76116
      View Details
    • $2,900 /Mo
      3,000 SF

      Warehouse Space Available For Rent

      3,000 SF warehouse space available for rent.
      3541 Alta Mere Dr, Fort Worth, TX 76116
      View Details
    • $10 SF/Yr
      1,500 SF

      Restaurant Space Available For Lease

      Restaurant property available for lease with high traffic volume.
      8600-8751 Camp Bowie West Blvd, Fort Worth, TX 76116
      View Details
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    Fort Worth, TX 76116
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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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