Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Office buildings
3509 Hulen St Fort Worth, TX 76107-6862
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3421840
Property summary
AI-generated overview
This exceptional two-building office complex, situated on 1.1 acres at 3509 Hulen Street in Tarrant County, offers 27,766 square feet of versatile space. Currently configured as a multi-tenant property with 17 suites, it features a mix of executive, medical, and creative office layouts. The property boasts 4,941 square feet of readily available space. Built in 1978 and extensively renovated in 2020 and 2021, the two-story buildings provide a modern aesthetic with updated interiors. Amenities include a shared conference room, enhancing tenant collaboration. The complex benefits from high visibility on the desirable Hulen Street corridor, providing easy access to numerous restaurants and other conveniences. Ample parking is available with 82 spaces. The Class B property offers a unique opportunity for businesses seeking a well-maintained, centrally located office space in a thriving area. The cross street is Wellesley.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
26,919 SF
Lot
1.08 ac (47,175 SF)
APN
40880----3---25---20
UPID
US83-3421840
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
-
Fort Worth Periodontal Specialists Dental Office
-
John A. Jacobi, D.D.S. Dental Office
-
Jordan Mandy J PhD Physician Medical Clinic
-
Bond John L DDS Dental Office
-
Dr. Lee LeGrice Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.22M
Owner & transaction history
Mag-hulen LLC · 6 yrs held
Mag-hulen LLC
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,875,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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
$64,489
Tax year 2023
Assessed value
$2,850,000
Assessed 2024
Previous assessed
$2,850,000
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$471,920
Assessed improvement
$2,378,080
Land market value
$471,920
Improvement market value
$2,378,080
Total market value
$2,850,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Heating
NONE
Stories
2
Total area
26,919 SF
Lot
1.08 ac (47,175 SF)
APN
40880----3---25---20
UPID
US83-3421840
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.9M
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
2
Lot
1.08 ac
Current owner
From public records · entity-resolved
Mag-hulen LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3633 COUNTRY CLB CIR, FORT WORTH, TX 76109-1058
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2020
—
Mag-hulen LLC
—
Deed
related
$308,882 · Captex Bank NA
Aug 23, 2019
—
Mag-hulen LLC
Douglas Thomas & Smith R/e II
Grant Deed
—
Sep 24, 2018
—
Douglas Thomas & Smith R & E II
—
Loan Modification
related
$1,856,000 · Ciera Bk
Aug 13, 2013
—
Douglas Thomas Smith R II
3509 Hulen LP
Grant Deed
$1,856,000 · Westside Bank & Trust
May 12, 2008
—
3509 Hulen
Marshall H Early
Grant Deed
$2,055,000 · Compass Bank
Oct 10, 2002
—
Marshall H Early LP
Cliburn,harvey L
Grant Deed
$637,500 · Wells Fargo Bank Texas NA
—
—
Hope Community Church
—
Deed Of Trust
related
$1,800,000 · Bank Of The West
—
—
Mag-hulen LLC
—
Deed Of Trust
related
$308,882 · Captex Bank NA
—
—
Marshall H Early
—
Deed Of Trust
related
$249,000 · Trinity Bank
—
—
3509 Hulen LP
—
Loan Modification
related
$1,404,770 · Texas Exchange Bank
—
—
Marshall H Early
—
Deed Of Trust
related
$900,000 · Texas Bank
—
—
3509 Hulen LP
—
Deed Of Trust
related
$1,000 · Texas Exchange Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3509 Hulen St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
