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Property profile & analytics
FOR LEASE
Office buildings
550 Bailey Ave Fort Worth, TX 76107
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US82-3660442
For Lease
1 / 2
$33.50 SF/Yr
550 Bailey Ave, Fort Worth, TX 76107
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Total area
28,622 SF
Lot
0.75 ac (32,670 SF)
APN
-3025----A----1---E1
UPID
US82-3660442
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
-
Bloomfield Divorce Solutions Law Firm
-
Kimberly Knox, LMFT Physician Medical Clinic
-
Marie T. Kelly M.D. Physician
-
Tamara Allen LPC-S, NCC, CSAT Crisis Center Medical Clinic
-
Accounting Principals Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
University Of N Texas System · 7 yrs held
University Of N Texas System
since 2019
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
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
OFFICE BUILDING
$2,200,000
Current use
AUTO REPAIR, GARAGE
$1,990,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$53 / 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
Assessed value
$4,200,000
Assessed 2024
Previous assessed
$4,200,000
+0.0% YoY
Assessed land
$391,440
Assessed improvement
$3,808,560
Land market value
$391,440
Improvement market value
$3,808,560
Total market value
$4,200,000
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
1984
Heating
NONE
Stories
7
Total area
28,622 SF
Lot
0.75 ac (32,670 SF)
APN
-3025----A----1---E1
UPID
US82-3660442
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
OFFICE BUILDING Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1984
Heating
NONE
Stories
7
Lot
0.75 ac
Current owner
From public records · entity-resolved
University Of N Texas System
Individual
Mailing address
1155 UN CIR #310907, DENTON, TX 76203-5017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2019
—
University Of N Texas System
Dip Spv Co 9 LLC
Grant Deed
related
—
Mar 19, 2015
—
Dip Spv Co 9 LLC
Gc Museum Partners LP
Trustees Deed
$17,351,000 · Lincoln Benefit Life Co
Nov 20, 2007
—
Gc Museum Partners
Bombay Co INC
Grant Deed
related
—
Oct 1, 2007
—
Bombay Co INC
—
Deed Of Trust
related
$115,000,000 · General Electric Capital Corp
Oct 26, 2006
—
Bombay Co INC
—
Deed Of Trust
related
$125,000,000 · General Electric Capital Corp
—
—
Gc Museum Partners LP
—
Loan Modification
related
$15,000,000 · Southside Bk
—
—
Bombay Co INC
—
Deed Of Trust
related
$2,500 · Wells Fargo Retail Finance LLC
—
—
Bombay Co INC
—
Deed Of Trust
related
—
—
—
Gc Museum Partners LP
—
Deed Of Trust
related
$15,000,000 · Southside Bank
—
—
Gc Museum Partners LP
—
Loan Modification
related
$13,499,008 · Southside Bk
—
—
Gc Museum Partners LP
—
Deed Of Trust
related
$14,000,000 · Southside Bank
—
—
Gc Museum Partners
—
Deed Of Trust
related
$15,000,000 · Southside Bk
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?”
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