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Property profile & analytics
OFF-MARKET
Estimated value
$12,915,000
Distribution centers
3951 Old Denton Rd Haltom City, TX 76117-2202
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-0427997
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2023
Total area
231,580 SF
Lot
20.51 ac (893,416 SF)
APN
31111-1-1
UPID
US82-0427997
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
$12.69M
Blend (final)
Blend
$12.92M
Owner & transaction history
Nori Properties LLC · 2 yrs held
Nori Properties LLC
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.4M
+108.4%
Retail stores
$19.4M
+98.2%
Neighborhood: shopping center
$11.3M
+16.2%
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 Haltom City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haltom City 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,765,000
Current use
MEDICAL BUILDING
$20,350,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$19,355,000
Change: +98% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,345,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$12.92M
Range $11.62M – $14.21M · ±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
$56 / 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
$45,659
Tax year 2023
Assessed value
$16,413,460
Assessed 2024
Previous assessed
$2,010,024
+716.6% YoY
Effective rate
0.28%
On assessed value
Assessed land
$2,010,024
Assessed improvement
$14,403,436
Land market value
$2,010,024
Improvement market value
$14,403,436
Total market value
$16,413,460
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2023
Total area
231,580 SF
Lot
20.51 ac (893,416 SF)
APN
31111-1-1
UPID
US82-0427997
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
WAREHOUSE, STORAGE Current
Est. value
$9.8M
MEDICAL BUILDING
Est. value
$20.4M
RETAIL STORES
Est. value
$19.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2023
Lot
20.51 ac
Current owner
From public records · entity-resolved
Nori Properties LLC
Entity
Mailing address
88 N BLACK FALCON AVE STE #167, BOSTON, MA 02210-2477
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
—
Nori Properties LLC
Joe F Peterson
Venders Lien
$1,449,500 · Gulf Coast Bank & Trust Co
Dec 1, 2023
—
Fcref Northmark LP
Ch Rlty Ix Ce I Forth Worth Northma
Special Warranty Deed
—
Nov 5, 2021
—
Ch Rlty Ix Ce I Fort Worth Northmar
Odr Crermg LLC
Special Warranty Deed
—
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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