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    Property profile & analytics

    3500 Mccart Ave Fort Worth, TX 76110-4609

    • Warehouses
    • 208,479 SF
    • 7.62 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2021
    Value Estimations
    $19,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0536641
    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

    • Public Storage / Storage Facility

    Property Details for 3500 Mccart Ave

    Year built
    1924
    Lot size
    7.62 lot acres
    Property size
    208,479 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    41278-1-1
    APU
    4127811

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $19,171,000
      Market price range: $7.05M - $19.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,095,000
      Current use
      RESTAURANT
      $28,400,000
      Change: +117% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $27,165,000
      Change: +107% Conversion: Easy
      RETAIL STORES
      $23,375,000
      Change: +78% Conversion: Moderate
      OFFICE BUILDING
      $22,580,000
      Change: +72% Conversion: Difficult
      MEDICAL BUILDING
      $18,320,000
      Change: +40% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $12,560,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3541
    Latitude
    32.698
    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
    $281,691
    $746,444
    $13,555,554
    $14,301,998
    -
    $746,444
    $13,555,554
    $14,301,998

    Comparable in this City

    • Value Estimation
      $9,230,000
      103,611 SF

      1900 Windsor Pl

      MINI-WAREHOUSE, STORAGE • 103,611 SF
      1900 Windsor Pl, Fort Worth, TX 76110-1844
      View Details
    • Value Estimation by Request
      1,800 SF

      2412 Dickson St

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      2412 Dickson St, Fort Worth, TX 76110
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    • Value Estimation by Request
      1,200 SF

      2600 Pafford St

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      2600 Pafford St, Fort Worth, TX 76110-5936
      View Details
    • Value Estimation by Request
      2,284 SF

      2524 Dickson St

      MINI-WAREHOUSE, STORAGE • 2,284 SF
      2524 Dickson St, Fort Worth, TX 76110
      View Details
    • Value Estimation
      $1,265,000
      30,180 SF

      2606 Pafford St

      MINI-WAREHOUSE, STORAGE • 30,180 SF
      2606 Pafford St, Fort Worth, TX 76110
      View Details
    • Value Estimation
      $750,000
      19,854 SF

      2115 8th Ave

      MINI-WAREHOUSE, STORAGE • 19,854 SF
      2115 8th Ave, Fort Worth, TX 76110-1847
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Renovated Industrial Property with Crane

      7,000 SF industrial space with renovated office and crane.
      3579 Mccart Ave, Fort Worth, TX 76110
      View Details
    • $450,000
      Pending

      Industrial Warehouse Space For Sale

      2,700+ sqft warehouse on 12,500 sqft lot for sale.
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    • $549,000
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      Adaptable showroom/flex space with office in a strong commercial corridor.
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    • $230,000

      Fort Worth Commercial Land Redevelopment

      Prime 5,600 SF lot, ideal for redevelopment.
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    • $849,000
      0.34 Acres

      High-Visibility Retail on Hemphill Street

      Prime location with excellent visibility and convenient access for clientele.
      2700 Hemphill St, Fort Worth, TX 76110
      View Details

    Similar Nearby for Lease

    • $4,900 /Mo

      Versatile Office-Warehouse Space Available

      Flexible industrial space near I-35 with office and warehouse areas.
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    • Contact for pricing
      16,500 SF

      Industrial Warehouse Space Available

      16,500 SF warehouse space for sublease in Fort Worth.
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    • Contact for pricing
      18,000 SF

      Fort Worth Warehouse Space Available

      18,000 SF warehouse with dock and grade doors.
      3400-3446 May St, Fort Worth, TX 76110
      View Details
    • $15 SF/Yr
      141,118 SF

      Fort Worth Multi-Tenant Property

      141,118 SF Industrial/Office Complex
      1901 Windsor Pl, Fort Worth, TX 76110
      View Details
    • Contact for pricing
      2,284 SF

      Fort Worth Warehouse - 2284 SF

      Single-tenant industrial warehouse, ideal location.
      2524 Dickson St, Fort Worth, TX 76110
      View Details
    • Contact for pricing
      40,000 SF

      Fort Worth Warehouse Space Available

      40,000 SF warehouse space for lease in Fort Worth.
      2912 W Pafford St, Fort Worth, TX 76110
      View Details
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    Fort Worth, TX 76110-4609
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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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