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Property profile & analytics
OFF-MARKET
Strip malls
4233 Lancaster Ave Fort Worth, TX 76103-3222
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-1259699
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Total area
5,650 SF
Lot
0.66 ac (28,789 SF)
APN
23920-4-1
UPID
US82-1259699
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
-
Pizza Hut Take-out & Catering
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
Lancaster Avenue II Ltd · 18 yrs held
Lancaster Avenue II Ltd
since 2007
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
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
$26,861
Tax year 2023
Assessed value
$1,200,000
Assessed 2024
Previous assessed
$1,062,200
+13.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$86,379
Assessed improvement
$1,113,621
Land market value
$86,379
Improvement market value
$1,113,621
Total market value
$1,200,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Total area
5,650 SF
Lot
0.66 ac (28,789 SF)
APN
23920-4-1
UPID
US82-1259699
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
2009
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Lancaster Avenue II Ltd
Individual
Mailing address
2331 GUS THOMASSON RD STE #126, DALLAS, TX 75228-3097
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2009
—
Lancaster Avenue Ltd
—
Trustees Deed
related
$400,000 · Bank Of Texas NA
Nov 24, 2008
—
Lancaster Avenue II Ltd
—
Trustees Deed
related
$450,000 · Bank Of Tx
Aug 7, 2007
—
Lancaster Avenue II Ltd
Cnl Apf Partners LP
Special Warranty Deed
—
Mar 3, 1998
—
Grandys INC
—
Deed Of Trust
related
$15,000,000 · Us Trust Company Of Ca Trustee
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$459,681 · Bank Of Tx
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$461,535 · Bank Of Tx
—
—
Lancaster Avenue Ltd
—
Deed Of Trust
related
$10,000,500 · Bank Of Texas NA
—
—
Lancaster Avenue Ltd
—
Deed Of Trust
related
$450,000 · Bank Of Texas NA
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$1,509,614 · Bank Of Texas NA
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$1,509,614 · Bank Of Texas NA
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$410,639 · Bank Of Tx
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$455,046 · Bank Of Tx
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$412,307 · Bank Of Tx
—
—
Lancaster Avenue Ltd
—
Deed Of Trust
related
$450,000 · Bank Of Texas NA
—
—
Lancaster Avenue II Ltd
—
Deed Of Trust
related
$360,000 · Bank Of Tx
—
—
Lancaster Avenue Ltd
—
Deed Of Trust
related
$3,250,000 · Government Personnel Mutual Li
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$406,469 · Bank Of Tx
—
—
Lancaster Avenue II Ltd
—
Loan Modification
related
$421,481 · Bank Of Texas NA
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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