Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Houston St Fort Worth, TX 76102-7406

    • Investment properties
    • 247,937 SF
    • 0.92 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2023
    Value Estimations
    $21,445,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6220268
    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

    • 400h Gallery / Art Gallery
    • AAA AUGER Plumbing Services / Plumber
    • 400 Houston Street Gallery & Studio / Art Gallery
    • Bake Creek Allen Gallery / Art Gallery
    • Yours Truly / Clothing Store

    Property Details for 400 Houston St

    Year built
    1920
    Lot size
    0.92 lot acres
    Property size
    247,937 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14437-50-1R
    APU
    14437501R

    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
    -97.3326
    Latitude
    32.7542
    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
    $418,735
    $3,600,000
    $15,124,912
    $18,724,912
    -
    $3,600,000
    $15,124,912
    $18,724,912

    Comparable in this City

    • Value Estimation by Request
      168 SF

      1912 Wenneca Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 168 SF
      1912 Wenneca Ave, Fort Worth, TX 76102-4321
      View Details
    • Value Estimation
      $6,395,000
      44,367 SF

      310 Houston St

      OFFICE/RESIDENTIAL (MIXED USE) • 44,367 SF
      310 Houston St, Fort Worth, TX 76102-7404
      View Details
    • Value Estimation by Request
      884 SF

      215 Mls St

      OFFICE/RESIDENTIAL (MIXED USE) • 884 SF
      215 Mls St, Fort Worth, TX 76102-1826
      View Details
    • Value Estimation by Request
      560 SF

      765 Samuels Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 560 SF
      765 Samuels Ave, Fort Worth, TX 76102-1350
      View Details
    • Value Estimation
      $13,485,000
      549,452 SF

      401 Lancaster Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 549,452 SF
      401 Lancaster Ave, Fort Worth, TX 76102-6013
      View Details
    • Value Estimation
      $3,965,000
      15,942 SF

      501 Throckmorton St

      OFFICE/RESIDENTIAL (MIXED USE) • 15,942 SF
      501 Throckmorton St, Fort Worth, TX 76102-3936
      View Details

    Similar Nearby for Sale

    • $800,000
      0.42 Acres

      Fort Worth Mixed-Use Land

      Undeveloped land zoned for mixed-use, near downtown Fort Worth.
      715 Clear Lake St, Fort Worth, TX 76102
      View Details
    • $1,375,000
      10,150 SF

      Fort Worth Development Opportunity

      Warehouse on 10,150 SF lot suited for development.
      1119 W 5Th St, Fort Worth, TX 76102
      View Details
    • $275,000
      2,070 SF

      Historical Office Building in Fort Worth

      2,070 SF historical building in the heart of Fort Worth.
      2821 E Lancaster Ave, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Development Ready Commercial Land

      Commercial land ready for development with road frontage.
      5833 E Belknap St, Haltom City, TX 76102
      View Details
    • Contact for pricing

      Fort Worth Retail Opportunity

      Retail space in revitalizing Fort Worth near major hospitals.
      1016 S Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      1,100 SF

      Restaurant/Bar Near Convention Center

      Second-generation restaurant/bar near the Fort Worth Convention Center.
      910 Houston St, Fort Worth, TX 76102
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      900 SF

      Fort Worth Office Space Available

      Traditional Office Suites, 300-900 sq ft
      910 Collier St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      277,000 SF

      Burnett Lofts: Fort Worth Retail Space

      Modern Fort Worth retail space, 4,525 sq ft.
      1012 Burnett St, Fort Worth, TX 76102
      View Details
    • $28 SF/Yr
      1,024,627 SF

      Burnett Plaza: Fort Worth Office Space

      Class A Office, Fort Worth CBD, 21 Suites Available
      801 Cherry St, Fort Worth, TX 76102
      View Details
    • $35 SF/Yr
      22,261 SF

      Class A Office Space

      Class A office space in downtown Fort Worth.
      777 Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      218 SF

      Single Office Space For Rent

      218 SF single office space available for rent.
      500 Main St, Fort Worth, TX 76102
      View Details
    • $1,050 /Mo
      568 SF

      Creative Office Space For Rent

      Office space in Near Southside's creative arts district.
      201-205 S Calhoun St, Fort Worth, TX 76102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Houston St
    Fort Worth, TX 76102-7406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.