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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3623 Vickery Blvd Fort Worth, TX 76105-1625

    • Industrial properties
    • 14,847 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3785058
    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

    • Industrial properties

    Property Details for 3623 Vickery Blvd

    Year built
    1955
    Lot size
    1.12 lot acres
    Property size
    14,847 SF
    Property type
    Industrial properties
    APN
    16770----DR---1---20
    APU
    16770DR120

    Description

    Exceptional investment opportunity: a 14,846-square-foot warehouse situated on a 1.15-acre lot in Fort Worth, Texas, within the 76105 zip code. This industrial property features a single building, adaptable for single-tenant occupancy or division into three separate suites. The warehouse boasts a clear height ranging from 16 to 18 feet, enhancing operational efficiency. Access is provided by three dock-high doors and four grade-level doors. The property includes 50% HVAC, two 150-lb cranes, and heavy power (460V, 330V, & 208V, 3-phase). Additional features include a clear-span design, a kitchenette, paved and fenced outside storage, and ample parking (1.35 spaces per 1,000 square feet). The asking price is $1,172,834, translating to $79 per square foot. This well-equipped warehouse presents a compelling opportunity for businesses seeking efficient and versatile space in a prime Fort Worth location. The property is located at 3623-3625 E Vickery Blvd, Fort Worth, Tarrant County, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.272
    Latitude
    32.7334
    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
    $10,034
    $36,450
    $394,908
    $431,358
    -
    $36,450
    $394,908
    $431,358

    Comparable in this City

    • Value Estimation by Request
      5,184 SF

      3445 Vickery Blvd

      HEAVY INDUSTRIAL • 5,184 SF
      3445 Vickery Blvd, Fort Worth, TX 76105
      View Details
    • Value Estimation by Request
      3,000 SF

      3541 Vickery Blvd

      HEAVY INDUSTRIAL • 3,000 SF
      3541 Vickery Blvd, Fort Worth, TX 76105
      View Details
    • Value Estimation by Request
      210,918 SF

      402-414 Beach St

      Distribution properties • 210,918 SF
      402-414 Beach St, Fort Worth, TX 76105
      View Details
    • Value Estimation by Request
      3,000 SF

      3519 Vickery Blvd

      HEAVY INDUSTRIAL • 3,000 SF
      3519 Vickery Blvd, Fort Worth, TX 76105-1624
      View Details
    • Value Estimation by Request
      10,680 SF

      3525 Vickery Blvd

      HEAVY INDUSTRIAL • 10,680 SF
      3525 Vickery Blvd, Fort Worth, TX 76105-1624
      View Details
    • Value Estimation by Request
      960 SF

      1409 Campbell St

      WAREHOUSE, STORAGE • 960 SF
      1409 Campbell St, Fort Worth, TX 76105-2467
      View Details

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    Similar Nearby for Lease

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      371,327 SF

      Fort Worth Warehouse Space Available

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      Fort Worth Flex/Industrial Space

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      Fort Worth Industrial Warehouse Space

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      Ludelle Industrial Park: Fort Worth

      Prime Fort Worth Industrial Space
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      Fort Worth Warehouse Space Available

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    • $5,000 /Mo
      18,557 SF

      Restaurant Space with Drive-Thru

      1,550 SF restaurant space with existing drive-thru available for lease.
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      View Details
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    3623 Vickery Blvd
    Fort Worth, TX 76105-1625
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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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