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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 University Dr Fort Worth, TX 76107-2136

    • Turn key restaurants
    • 2,598 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1142667
    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

    • The Cookshack / Restaurant
    • La Familia Asphalt Paving / Paving Contractor

    Property Details for 500 University Dr

    Year built
    2019
    Lot size
    0.42 lot acres
    Property size
    2,598 SF
    Property type
    Turn key restaurants
    APN
    -1460---11----1---20
    APU
    146011120

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $406,000
      Market price range: $164k - $407k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $295,000
      Current use
      COMMERCIAL (GENERAL)
      $310,000
      Change: +5% Conversion: Easy
      RETAIL STORES
      $290,000
      Change: -2% Conversion: Easy
      MEDICAL BUILDING
      $260,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3616
    Latitude
    32.7537
    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
    $32,244
    $457,500
    $967,500
    $1,425,000
    -
    $457,500
    $967,500
    $1,425,000

    Comparable in this City

    • Value Estimation
      $425,000
      15,947 SF

      2737 Tillar St

      RESTAURANT • 15,947 SF
      2737 Tillar St, Fort Worth, TX 76107-1395
      View Details
    • Value Estimation by Request
      5,067 SF

      3201 Riverfront Dr

      RESTAURANT • 5,067 SF
      3201 Riverfront Dr, Fort Worth, TX 76107-6510
      View Details
    • Value Estimation
      $295,000
      6,817 SF

      1615 Rogers Rd

      RESTAURANT • 6,817 SF
      1615 Rogers Rd, Fort Worth, TX 76107-6513
      View Details
    • Value Estimation
      $295,000
      0.16 Acres

      2525 White Settlement Rd

      RESTAURANT • 0.16 Acres
      2525 White Settlement Rd, Fort Worth, TX 76107
      View Details
    • Value Estimation
      $295,000
      0.16 Acres

      2513 White Settlement Rd

      RESTAURANT • 0.16 Acres
      2513 White Settlement Rd, Fort Worth, TX 76107-1452
      View Details
    • Value Estimation
      $280,000
      4,157 SF

      4901 Cp Bowie Blvd

      RESTAURANT • 4,157 SF
      4901 Cp Bowie Blvd, Fort Worth, TX 76107-4152
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,979 SF

      Turnkey Bar or Restaurant Opportunity

      8,979 SF bar or restaurant with 859 SF patio.
      2821 Morton St, Fort Worth, TX 76107
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    • Contact for pricing
      12,600 SF

      Turnkey Bar or Restaurant Opportunity

      12,600 SF property suitable for bar or restaurant use.
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    • $2,348,000
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      Drive-Thru Salad and Go Investment

      NNN leased Salad and Go in Fort Worth, Texas.
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      4,785 SF

      Turnkey Restaurant or Bar Opportunity

      4,785 SF property suitable for restaurant or bar use.
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    • Contact for pricing
      2,402 SF

      Restaurant with Drive-Thru Potential

      High-visibility restaurant space near downtown, TCU, and major retailers.
      217 University Dr, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      0.60 Acres

      Fort Worth Commercial Property

      9,028 SF Vacant Commercial Space
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    Similar Nearby for Lease

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      6,024 SF

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      Second generation restaurant space in a prime entertainment district.
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      Horne Street Retail Space For Lease

      Fort Worth retail space, 1,758 sq ft available.
      2812 Horne St, Fort Worth, TX 76107
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    • $50 SF/Yr
      2,893 SF

      Restaurant/Retail Space on S University

      Prime location near TCU, Colonial, and Cultural District.
      1664 S University Dr, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      9,099 SF

      Restaurant/Retail Building on Camp Bowie

      9,099 SF restaurant/retail building available for lease.
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    • Contact for pricing
      200 SF

      Fort Worth Commercial Kitchen Space

      200 sq ft Ghost Kitchen - Turnkey Solution
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    • Contact for pricing
      9,800 SF

      Fort Worth Retail Space Available

      9,800 SF Retail/Restaurant, 1,426 SF Vacant
      3501 Prevost St, Fort Worth, TX 76107
      View Details
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    500 University Dr
    Fort Worth, TX 76107-2136
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    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
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