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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Medical Office Space
500 Lipscomb St Fort Worth, TX 76104-2239
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US82-0217248
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Total area
10,419 SF
Lot
0.86 ac (37,453 SF)
APN
20975-39-9R
UPID
US82-0217248
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
-
Tarrant Vascular Access Center Medical Clinic
-
Sonogram Physician
-
Tarrant Nephrology Associates Physician
-
Quantum Pain & Spine Injury - Fort Worth Office Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.52M
Owner & transaction history
Ppg Realty LLC · 4 yrs held
Ppg Realty LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+50.6%
Auto repair, garage
$1.3M
+31.7%
Restaurant
$1.3M
+26.6%
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
MEDICAL BUILDING
$1,000,000
Current use
COMMERCIAL (GENERAL)
$1,505,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,320,000
Change: +32% · Conversion: Difficult
RESTAURANT
$1,265,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$1,135,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$1.52M
Range $1.37M – $1.67M · ±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
$146 / 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
$155,878
Tax year 2023
Assessed value
$6,888,807
Assessed 2024
Previous assessed
$6,888,807
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$955,154
Assessed improvement
$5,933,653
Land market value
$955,154
Improvement market value
$5,933,653
Total market value
$6,888,807
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
2013
Heating
YES
Cooling
YES
Stories
1
Bathrooms
3
Total area
10,419 SF
Lot
0.86 ac (37,453 SF)
APN
20975-39-9R
UPID
US82-0217248
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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE 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
2013
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
3
Lot
0.86 ac
Current owner
From public records · entity-resolved
Ppg Realty LLC
Entity
Mailing address
500 LIPSCOMB ST, FORT WORTH, TX 76104-2239
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
—
Ppg Realty LLC
Ridgeline Fort Worth LLC
Special Warranty Deed
$4,075,750 · Encore Bank NA
Mar 16, 2022
—
Ppg Special Procedures LLC
—
Deed
related
$1,381,379 · Encore Bank NA
May 6, 2020
—
Ridgeline Fort Worth LLC
Sng Realty LP
Grant Deed
$21,020,000 · Cit Bk NA
Nov 29, 2016
—
Sng Realty LP
—
Deed
related
$13,055,000 · First Citizens Bank & Trust Co
Jul 9, 2012
—
Sng Realty LP
—
Grant Deed
related
$11,600,430 · First Citizens Bank & Trust Co
Jun 11, 2007
—
Ace King Properties LLC
Clampitt Patti D
Warranty Deed
$405,000 · Compass Bank
Nov 22, 2006
—
Arthur Griffin
Clampitt Patti D
Warranty Deed
related
—
Aug 5, 1999
—
Patti Clampitt
Dodson,brent
Grant Deed
related
—
—
—
Patti Clampitt
—
Deed Of Trust
related
$43,000 · Summit Community Bank NA
—
—
Patti Clampitt
—
Deed Of Trust
related
$53,500 · Judith O Smith Mortgage Group
—
—
Patti D Clampitt
—
Deed Of Trust
related
$53,125 · Summit Community Bank 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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