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Property profile & analytics
OFF-MARKET
Estimated value
$4,795,000
Retail space
4440 Basswood Blvd Fort Worth, TX 76137-1501
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-4089274
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
35,868 SF
Lot
3.56 ac (154,899 SF)
APN
40689H-1-4
UPID
US83-4089274
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
-
Primo Water Exchange Big Box & Wholesale Store
-
Westlake Ace Hardware Building Supply Hardware & Home Improvement
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Resharp Sharpening Service
-
Gigi’s Sno-Balls Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.93M
Blend (final)
Blend
$4.80M
Owner & transaction history
Trio Fund I Fort Worth Tx LLC · 4 yrs held
Trio Fund I Fort Worth Tx LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+56.4%
Office building
$5.2M
+49.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,455,000
Current use
COMMERCIAL (GENERAL)
$5,405,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$5,165,000
Change: +49% · Conversion: Easy
RESTAURANT
$3,330,000
Change: -4% · Conversion: Easy
MEDICAL BUILDING
$3,150,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.27M · ±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
$134 / 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
$130,409
Tax year 2023
Assessed value
$5,877,000
Assessed 2024
Previous assessed
$5,700,000
+3.1% YoY
Effective rate
2.22%
On assessed value
Assessed land
$1,258,725
Assessed improvement
$4,618,275
Land market value
$1,258,725
Improvement market value
$4,618,275
Total market value
$5,877,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Total area
35,868 SF
Lot
3.56 ac (154,899 SF)
APN
40689H-1-4
UPID
US83-4089274
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
RETAIL STORES Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.2M
RESTAURANT
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
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
1992
Heating
NONE
Stories
1
Lot
3.56 ac
Current owner
From public records · entity-resolved
Trio Fund I Fort Worth Tx LLC
Entity
Free & Clear · 4 yrs held
Mailing address
107 JOHN ST, SOUTHPORT, CT 06890-1466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Trio Fund I Fort Worth Tx LLC
Wsp Basswood LLC
Special Warranty Deed
—
Apr 29, 2022
—
Wsp Basswood LLC
—
Deed
related
$276,250 · Independent Bank
Jul 12, 2021
—
Wsp Basswood LLC
John Michael Hawkes
Venders Lien
$4,125,000 · Independent Bank
Oct 5, 2016
—
Hawkes Family Trust
Hawkes,john M
Quit Claim Deed
—
Dec 27, 2012
—
Joseph E Hawkes
Hawkes Family Trust
Quit Claim Deed
related
—
Apr 3, 2006
—
Hawkes Family Trust
Crest Net Lease INC
Grant Deed
$1,000,000 · Boston Mutual Life Insurance
Jan 18, 2006
—
Crest Net Lease INC
Westlake Hardware INC
Warranty Deed
related
—
Aug 8, 2003
—
Westlake Hardware INC
Flatiron Cambria I LP
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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