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Property profile & analytics
OFF-MARKET
Estimated value
$3,140,000
Medical Office Space
3455 Locke Ave Fort Worth, TX 76107-5745
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-9541914
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
61,500 SF
Lot
1.74 ac (75,794 SF)
APN
3820-11-1R
UPID
US82-9541914
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
-
Cornea Specialist Medical Clinic
-
FastNewSmile® Dental Office
-
Odilon Alvarado MD Physician
-
JOHN LANDIS BIRBARI Physician
-
Retina Center of Texas Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
Kagr Fort Worth 3455 LLC · 5 yrs held
Kagr Fort Worth 3455 LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$51 / 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
$214,963
Tax year 2023
Assessed value
$9,500,000
Assessed 2024
Previous assessed
$9,500,000
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$3,789,700
Assessed improvement
$5,710,300
Land market value
$3,789,700
Improvement market value
$5,710,300
Total market value
$9,500,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Total area
61,500 SF
Lot
1.74 ac (75,794 SF)
APN
3820-11-1R
UPID
US82-9541914
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
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Kagr Fort Worth 3455 LLC
Entity
Mailing address
181 W MADISON ST STE #4700, CHICAGO, IL 60602-4584
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2021
—
Kagr Fort Worth 3455 LLC
Fort Worth 3455 Medical Properties
Special Warranty Deed
$510,200,000 · Capital One Bank NA
Sep 28, 2018
—
Medical Properties LLC
Park Hill Landplan LP
Grant Deed
$24,397,500 · Capital One NA
Mar 21, 2014
—
Park Hill Landplan LP
Galen Medical LLC
Trustees Deed
$11,080,000 · Southwest Bk
Sep 27, 2012
—
Galen Medical LLC
Howell Instruments INC
Trustees Deed
$1,706,250 · Woodhaven Nat'l Bk
—
—
Galen Medical LLC
—
Loan Modification
related
$1,706,250 · Woodhaven Nat'l Bk
—
—
Galen Medical LLC
—
Deed Of Trust
related
$100,000 · Woodhaven Nat'l Bk
—
—
Galen Medical LLC
—
Loan Modification
related
$1,706,250 · Woodhaven Nat'l Bk
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.
Try Rey
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