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    Property profile & analytics

    5320 N Tarrant Pkwy Fort Worth, TX 76177

    • Medical offices
    • 12,400 SF
    • 1.01 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    $640,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3885783
    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

    • Christine Read / Physician
    • USA Vascular Centers / Physician / Hospital
    • USA Vein Clinics / Medical Clinic
    • USA Fibroid Centers / Medical Clinic
    • Sina Aboutalebi / Physician / Medical Clinic

    Property Details for 5320 N Tarrant Pkwy

    Year built
    2006
    Lot size
    1.01 lot acres
    Property size
    12,400 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    31804K-1-2R
    APU
    31804K12R

    Description

    Parkway Place offers 12,400 square feet of prime retail and office space in a high-growth area of Tarrant County. This Class B building, constructed in 2006, features one building with 80 parking spaces and excellent visibility due to its prominent location and pylon signage. Monument signage is also available. Two suites are currently available, ranging in size from 920 to 3,000 square feet. The property boasts convenient access to major thoroughfares, including less than one mile west of Denton Highway, 2.9 miles east of I-35, and 4.3 miles north of I-820 (Loop 820). This strategic location places the property near newly constructed hospitals and professional buildings in a thriving Alliance Area corridor. The building offers several desirable features including 24-hour access, a security system, accent lighting, and is ideally suited for medical or dental practices, with finished-out spaces available. High traffic counts and major area growth make this an exceptional opportunity for businesses seeking a prominent location with excellent visibility and ample parking. The building's previous tenants included medical and dental practices.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $728,000
      Market price range: $729k - $1.33M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $990,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.269
    Latitude
    32.8942
    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
    $39,489
    $315,828
    $1,334,172
    $1,650,000
    -
    $315,828
    $1,334,172
    $1,650,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $695,000
      9,702 SF

      10600 Riverside Dr

      MEDICAL BUILDING • 9,702 SF
      10600 Riverside Dr, Fort Worth, TX 76244-9504
      View Details
    • Value Estimation
      $1,685,000
      38,694 SF

      10601 Riverside Dr

      MEDICAL BUILDING • 38,694 SF
      10601 Riverside Dr, Fort Worth, TX 76244-2118
      View Details
    • Value Estimation
      $1,320,000
      23,968 SF

      9700 Bch St

      MEDICAL BUILDING • 23,968 SF
      9700 Bch St, Fort Worth, TX 76244-6058
      View Details
    • Value Estimation
      $1,915,000
      16,950 SF

      9848 Bch St

      MEDICAL BUILDING • 16,950 SF
      9848 Bch St, Fort Worth, TX 76244-6184
      View Details
    • Value Estimation by Request
      4,290 SF

      4901 Golden Triangle Blvd Ste, Unit 111

      MEDICAL BUILDING • 4,290 SF
      4901 Golden Triangle Blvd Ste, Fort Worth, TX 76244-4483
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      2 SF

      Medical Office Space For Sale

      2,550 SF medical office space in a high-traffic area.
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    • $325,000
      0.02 Acres

      Professional Office Condo in Alliance

      Office condo in fast-growing North Fort Worth - Alliance area.
      3848 N Tarrant Pkwy, Fort Worth, TX 76244
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    • $1,300,000
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      2,550 SF Prime Medical Office Space for Sale / Lease

      2,550 SF Prime Medical Office Space for Sale / Lease
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    • $325,000

      Professional Office Condo in Alliance

      Professional or medical condo in fast-growing North Fort Worth - Alliance.
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    • Contact for pricing
      12.30 Acres

      Golden Triangle Commercial Land

      12.3 Acres, Prime Fort Worth Location
      0 Neq Of Golden Triangle Blvd & Bch St, Fort Worth, TX 76244
      View Details

    Similar Nearby for Lease

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      Medical Office Space For Lease

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    • $2,480 /Mo
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      Furnished Office Space Available

      Fully-furnished office space with amenities in Fort Worth, Texas.
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      155,379 SF

      Furnished Office Space Available

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      View Details
    • $1,050 /Mo
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      Fort Worth Office Space Available

      Office space for lease in Fort Worth, Texas.
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      View Details
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    Fort Worth, TX 76177
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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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