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    5018 Hulen St Fort Worth, TX 76132

    • Outlet malls
    • 3,067 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7655437
    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

    • Outlet malls

    Property Details for 5018 Hulen St

    Year built
    1978
    Lot size
    0.79 lot acres
    Property size
    3,067 SF
    Property type
    Outlet malls
    APN
    31290-10-2A
    APU
    31290102A

    Description

    This exceptional investment opportunity presents a 103,251-square-foot, three-tenant shopping center in Fort Worth, Texas. The property boasts a prime location on South Hulen Street, near the intersection of Overton Ridge Boulevard and south of Interstate 20, experiencing daily traffic counts exceeding 40,965 vehicles. Anchored by a high-performing Hobby Lobby, consistently ranking in the top 83rd percentile nationally, this tenant has occupied the space for over 23 years. A newly signed 10-year lease with Family Thrift Center secures long-term stability. A separately parceled pad site leased to Metro by T-Mobile offers additional income potential. All leases are triple-net, featuring renewal options with built-in rent increases. The center sits on 8.46 acres with ample parking and a double-sided monument sign for enhanced visibility. This thriving retail location benefits from its proximity to Hulen Mall, a major shopping destination with over 127 stores, and numerous other national retailers including Michaels, Old Navy, and Walmart. The surrounding area is densely populated, with over 281,598 residents within a five-mile radius and an average household income exceeding $92,628 within the same area. Built in 1978, this stabilized investment offers significant potential for long-term growth and return. The property's strong tenant base, favorable lease terms, and strategic location make it an attractive investment opportunity in a dynamic Fort Worth market. The property is approximately four miles from Texas Christian University and seven miles from downtown Fort Worth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3995
    Latitude
    32.6743
    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
    $21,307
    $500,584
    $220,161
    $720,745
    -
    $500,584
    $220,161
    $720,745

    Comparable in this City

    • Value Estimation
      $770,000
      29,280 SF

      4629 Hulen St

      WHOLESALE OUTLET, DISCOUNT STORE • 29,280 SF
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      View Details
    • Value Estimation
      $1,235,000
      100,184 SF

      5020 Hulen St

      WHOLESALE OUTLET, DISCOUNT STORE • 100,184 SF
      5020 Hulen St, Fort Worth, TX 76132-1901
      View Details
    • Value Estimation
      $295,000
      0.86 Acres

      5604 Loop 820

      WHOLESALE OUTLET, DISCOUNT STORE • 0.86 Acres
      5604 Loop 820, Fort Worth, TX 76132-1866
      View Details
    • Value Estimation
      $1,300,000
      132,836 SF

      4305 Bryant Irvin Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 132,836 SF
      4305 Bryant Irvin Rd, Fort Worth, TX 76132-1061
      View Details
    • Value Estimation
      $1,005,000
      122,704 SF

      5600 Loop 820

      WHOLESALE OUTLET, DISCOUNT STORE • 122,704 SF
      5600 Loop 820, Fort Worth, TX 76132-1866
      View Details
    • Value Estimation
      $610,000
      77,999 SF

      4851 Citylake E Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 77,999 SF
      4851 Citylake E Blvd, Fort Worth, TX 76132-1870
      View Details

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    Similar Nearby for Lease

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      2,114 SF

      Retail Space Near Hulen Mall

      Retail space available in a high-traffic lifestyle center.
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      Retail space with national tenant synergy and easy access.
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      Retail Space Near High Traffic

      Retail space with high visibility and proximity to amenities.
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      View Details
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    Fort Worth, TX 76132
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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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