Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Medical Office Space
4364 Heritage Trce Pkwy Fort Worth, TX 76244-9106
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-6343742
Property summary
AI-generated overview
This exceptional Class A medical/creative office suite, located at 4364 Heritage Trace Pkwy, Fort Worth, TX 76244, offers 2,461 square feet of immediately available space within a larger 4,569 square foot building. Situated on 1.28 acres in Tarrant County, this single-story building boasts a 12-foot ceiling height and ample parking with 60 spaces. Built in 2012, the property features a modern design suitable for various medical or creative office uses. The suite is currently configured as a physical therapy space with an open plan layout, two restrooms, and two private offices. The space is available for lease or sublease, with a sublease option extending through January 2027. The property's prime location in the North Fort Worth/Alliance area provides excellent accessibility and visibility. The building consists of three total suites. This is a rare opportunity to secure high-quality office space in a thriving market. Minimum divisible space is 2,461 square feet, and the maximum contiguous space available is also 2,461 square feet.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2012
Total area
9,978 SF
Lot
1.28 ac (55,626 SF)
APN
17781C-162-1
UPID
US82-6343742
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
-
Therapy Partners of North Texas Physician
-
Dr. Stephen Bell Pediatrician Physician
-
Physician Partners of America Physician
-
Bianca Carter Physician
-
Joshua Shelby Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$655k
Owner & transaction history
J & A Frith Prop Keller LLC · 6 yrs held
J & A Frith Prop Keller LLC
since 2020
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+35.9%
Warehouse, storage
$860,000
+8.1%
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
Method
Estimation
Statistic approach
by Request
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Current use
OFFICE BUILDING
$1,080,000
Change: +36% · Conversion: Easy
WAREHOUSE, STORAGE
$860,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$66 / 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
$57,422
Tax year 2023
Assessed value
$2,515,821
Assessed 2024
Previous assessed
$2,394,720
+5.1% YoY
Effective rate
2.28%
On assessed value
Assessed land
$584,073
Assessed improvement
$1,931,748
Land market value
$584,073
Improvement market value
$1,931,748
Total market value
$2,515,821
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2012
Heating
NONE
Stories
1
Total area
9,978 SF
Lot
1.28 ac (55,626 SF)
APN
17781C-162-1
UPID
US82-6343742
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
MEDICAL BUILDING Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$860,000
MEDICAL BUILDING Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2012
Heating
NONE
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
J & A Frith Prop Keller LLC
Entity
Free & Clear · 6 yrs held
Mailing address
7626 HWY 65TH N, LAKE PROVIDENCE, LA 71254-5215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
May 12, 2020
—
J & A Frith Prop Keller LLC
—
Deed
related
—
—
—
J & A Frith Prop Keller LLC
—
Loan Modification
related
—
—
—
J & A Frith Props Keller LLC
—
Deed Of Trust
related
$2,081,250 · Community Tr Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4364 Heritage Trce Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
