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Property profile & analytics
OFF-MARKET
Medical Office Space
3904 Boat Clb Rd Lake Worth, TX 76135-3201
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3971225
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2001
Total area
2,604 SF
Lot
0.39 ac (17,119 SF)
APN
23238-1-2B
UPID
US82-3971225
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert Petrie · 17 yrs held
Robert Petrie
since 2009
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 Lake Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake 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
—
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
$9,627
Tax year 2023
Assessed value
$481,740
Assessed 2024
Previous assessed
$450,000
+7.1% YoY
Effective rate
2.00%
On assessed value
Assessed land
$171,230
Assessed improvement
$310,510
Land market value
$171,230
Improvement market value
$310,510
Total market value
$481,740
Applied tax rate
224.0000
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
DENTAL BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
2,604 SF
Lot
0.39 ac (17,119 SF)
APN
23238-1-2B
UPID
US82-3971225
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
2001
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Robert Petrie
Individual
Mailing address
7217 CHARLENE CT, AZLE, TX 76020-4381
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2020
—
Robert W Petrie
—
Deed
related
$129,747 · Community Nat'l Bk&tr/tx
Nov 13, 2019
—
Robert W Petrie
—
Deed
related
$305,188 · Community Nat'l Bk&tr/tx
Nov 6, 2018
—
Robert W Petrie
—
Deed
related
$380,910 · Community Nat'l Bk&tr/tx
Nov 8, 2017
—
Robert W Petrie
—
Deed
related
$170,158 · Community Nat'l Bk&tr
Aug 15, 2017
—
Robert W Petrie
—
Deed
related
$172,359 · Community Nat'l Bk&tr
Aug 18, 2016
—
Robert W Petrie
—
Deed
related
$276,064 · Community Nat'l Bk&tr/tx
May 17, 2016
—
Robert W Petrie
—
Deed
related
$284,122 · Community Nat'l Bk&tr
Jun 11, 2012
—
Petrie,robert W & Deborah K
—
Deed Of Trust
related
$400,000 · Star Bk/tx
Aug 17, 2011
—
Petrie Auto Sales INC
—
Deed Of Trust
related
$1,250,000 · Worthington National Bank
Aug 10, 2010
—
Petrie Auto Sales INC
—
Trustees Deed
related
$878,223 · Worthington National Bank
May 14, 2010
—
Petrie Auto Sales INC
—
Trustees Deed
related
$728,774 · Worthington National Bank
Jan 13, 2009
—
Robert Petrie
Petrie Motor Co INC
Quit Claim Deed
—
Dec 24, 2008
—
Robert W Petrie
—
Deed Of Trust
related
$3,565,000 · Worthington National Bank
—
—
Robert W Petrie
—
Loan Modification
related
$130,164 · Star Bank Texas
—
—
Robert W Petrie
—
Loan Modification, Consolidation And Extension
related
$305,188 · Community Nat'l Bk&tr/tx
—
—
Robert W Petrie
—
Loan Modification
related
$207,451 · Star Bk/tx
—
—
Petrie,robert W & Deborah K
—
Loan Modification
related
$82,392 · Star Bk/tx
—
—
Robert W Petrie
—
Loan Modification
related
$276,064 · Community Nat'l Bk&tr/tx
—
—
Robert W Petrie
—
Loan Modification
related
$284,122 · Community Nat'l Bk&tr
—
—
Robert W Petrie
—
Loan Modification
related
$380,910 · Community Nat'l Bk&tr/tx
—
—
Robert W Petrie
—
Loan Modification
related
$172,359 · Community Nat'l Bk&tr
—
—
Robert W Petrie
—
Loan Modification
related
$170,158 · Community Nat'l Bk&tr
—
—
Robert W Petrie
—
Deed Of Trust
related
$342,616 · Wells Fargo Bank Texas NA
—
—
Robert W Petrie
—
Loan Modification
related
$129,747 · Community Nat'l Bk&tr/tx
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.
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