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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Strip malls
5601 Locke Ave Fort Worth, TX 76107-5127
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-1644827
Property summary
AI-generated overview
Ridglea Station, located at 5601 Locke Ave, Fort Worth, TX 76107, presents a prime retail opportunity. This single-story, 14,272 square foot building boasts excellent visibility and accessibility, situated on the southeast quadrant of Camp Bowie (SH 377) and Horne Street. The property is zoned G-Commercial within Tarrant County and features a total of three suites. Currently, 3,572 square feet of retail space is available for lease, offering a chance to establish or expand your business in a thriving location. Ample parking is provided with 75 spaces available for customers and employees. The property's strategic location ensures high traffic volume and exposure to a large customer base. This is an exceptional opportunity for businesses seeking a prominent presence in a busy Fort Worth commercial area. The property is easily accessible from major thoroughfares, offering convenient access for customers and employees alike. This well-maintained building presents a turnkey solution for businesses looking to establish a strong foothold in the Fort Worth market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
15,106 SF
Lot
1.54 ac (67,039 SF)
APN
6980-143-32R1
UPID
US82-1644827
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
-
Reliant Renal Care: West Fort Worth Medical Clinic
-
Alcorn Marketing & Advertising Advertising Agency
-
Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
-
RRC Fort Worth Dialysis Medical Clinic
-
Gratch Jack Orrin DO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$580k
Owner & transaction history
Ridglea Station Camp Bowie LLC · 4 yrs held
Ridglea Station Camp Bowie LLC
since 2022
5 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$725,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$38 / 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
$62,023
Tax year 2023
Assessed value
$2,400,000
Assessed 2024
Previous assessed
$2,625,000
-8.6% YoY
Effective rate
2.58%
On assessed value
Assessed land
$2,011,170
Assessed improvement
$388,830
Land market value
$2,011,170
Improvement market value
$388,830
Total market value
$2,400,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
15,106 SF
Lot
1.54 ac (67,039 SF)
APN
6980-143-32R1
UPID
US82-1644827
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
2006
Heating
NONE
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Ridglea Station Camp Bowie LLC
Entity
Free & Clear · 4 yrs held
Mailing address
82 W ARMSTRONG DR, MUSTANG, OK 73064-3102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
—
Ridglea Station Camp Bowie LLC
All Storage Camp Bowie Associates L
Special Warranty Deed
—
Jan 18, 2008
—
Walnut Jupiter INC
All Storage Camp Bowie Assocs
Grant Deed
related
—
Dec 29, 2005
—
All Storage Camp Bowie Assocs
—
Trustees Deed
related
$10,500,000 · Inwood National Bank
—
—
All Storage Camp Bowie Assocs
—
Deed Of Trust
related
$11,350,000 · Greenwich Capital Fin'l INC
—
—
All Storage Camp Bowie Assocs
—
Deed Of Trust
related
$10,500,000 · Royal Bank Scotland Plc
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.
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