Back to Search
Property profile & analytics
FOR LEASE
Office buildings
515 Houston St Fort Worth, TX 76102
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US82-2427488
For Lease
1 / 2
$2,105,000
515 Houston St, Fort Worth, TX 76102
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1925
Total area
96,418 SF
Lot
0.23 ac (9,997 SF)
APN
14437-84-3
UPID
US82-2427488
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Fort Worth Erectile Dysfunction Doctor Medical Group
-
Spur Environmental Services, LLC Environmental Consultant
-
CVS ATM Atm
-
Sinclair Digital LLC Green Energy Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Fossil Creek Land Partners INC · 6 yrs held
Fossil Creek Land Partners INC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$22 / 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
$229,706
Tax year 2023
Assessed value
$9,000,000
Assessed 2024
Previous assessed
$9,600,000
-6.3% YoY
Effective rate
2.55%
On assessed value
Assessed land
$900,000
Assessed improvement
$8,100,000
Land market value
$900,000
Improvement market value
$8,100,000
Total market value
$9,000,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1925
Heating
NONE
Stories
10
Total area
96,418 SF
Lot
0.23 ac (9,997 SF)
APN
14437-84-3
UPID
US82-2427488
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
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
Fossil Creek Land Partners INC
Entity
Mailing address
515 HOUSTON ST STE #800, FORT WORTH, TX 76102-3967
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2020
—
Fossil Creek Land Partners INC
—
Deed
related
$9,685,000 · American Nation Bk
Jan 8, 2020
—
Fossil Creek Land Partners INC
—
Deed
related
$1,000,000 · Sanger Lender LLC
Sep 26, 2018
—
Fossil Creek Land Partners INC
—
Deed
related
$750,000 · Simmons Bk
Feb 2, 2018
—
Fossil Creek Land Partners INC
—
Deed
related
$1,000,000 · Southwest Bk
Aug 18, 2017
—
Fossil Creek Land Partners INC
—
Deed
related
$25,000,000 · Southwest Bk
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$7,162,000 · Southwest Bank
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$1,000,000 · Sanger Lender LLC
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$9,685,000 · American Nation Bk
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$3,500,000 · Southwest Bank
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$25,000,000 · Southwest Bk
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$1,000,000 · Southwest Bk
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$750,000 · Simmons Bk
—
—
Fossil Creek Land Partners INC
—
Deed Of Trust
related
$499,999 · Compass Bank
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?”
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.
