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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Warehouses
5850 Park Vis Cir Fort Worth, TX 76244-5626
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2727806
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
16,950 SF
Lot
1.4 ac (60,984 SF)
APN
31787H-4-7
UPID
US82-2727806
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.62M
Owner & transaction history
1049 Harmon Avenue LLC · 3 yrs held
1049 Harmon Avenue LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+39.5%
Office building
$1.8M
+25.8%
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%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,460,000
Current use
RESTAURANT
$2,040,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$1,840,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$1,355,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,350,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$95 / 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
$27,110
Tax year 2023
Assessed value
$1,300,640
Assessed 2024
Previous assessed
$1,198,940
+8.5% YoY
Effective rate
2.08%
On assessed value
Assessed land
$228,690
Assessed improvement
$1,071,950
Land market value
$228,690
Improvement market value
$1,071,950
Total market value
$1,300,640
Applied tax rate
224.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
16,950 SF
Lot
1.4 ac (60,984 SF)
APN
31787H-4-7
UPID
US82-2727806
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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
2004
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
1049 Harmon Avenue LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2101 E COAST HWY #10, CORONA DEL MAR, CA 92625-1900
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
—
1049 Harmon Avenue LLC
Gaddy Commercial Venture LLC
Special Warranty Deed
—
Oct 4, 2016
—
Gaddy Commercial Venture LLC
—
Trustees Deed
related
$156,707 · Pinnacle Bk
Jul 5, 2013
—
Gaddy Commercial Venture LLC
Choice Vista Properties LLP
Warranty Deed
$775,000 · Pinnacle Bank
Sep 13, 2004
—
Choice Vista Properties LLP
Kroger/377
Grant Deed
related
—
—
—
Gaddy Commercial Venture LLC
—
Deed Of Trust
related
$1,620,000 · First Nat'l Bk/granbury
—
—
Gaddy Commercial Venture LLC
—
Deed Of Trust
related
$2,243,000 · First Nat'l Bk/granbury
—
—
Gaddy Commercial Venture LLC
—
Deed Of Trust
related
$825,000 · First Nat'l Bk/granbury
—
—
Gaddy Commercial Venture LLC
—
Loan Modification
related
$789,287 · First Nat'l Bk/granbury
—
—
Gaddy Commercial Venture LLC
—
Loan Modification
related
$156,358 · Pinnacle Bk
—
—
Gaddy Commercial Venture LLC
—
Loan Modification
related
$600,609 · Pinnacle 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.
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