Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5929 Lovell Ave Fort Worth, TX 76107-5029

    • Medical offices
    • 4,980 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Jan 07, 2022
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4749152
    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

    • Dr. Normand F. Tremblay, MD / Allergist
    • Dr. Robert Rogers / Immunologist
    • Dr. Andrew Beaty / Allergist / Immunologist

    Property Details for 5929 Lovell Ave

    Year built
    1986
    Lot size
    0.36 lot acres
    Property size
    4,980 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    -6970---33---16---20
    APU
    6970331620

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $635,000
      Market price range: $268k - $662k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $495,000
      Current use
      COMMERCIAL (GENERAL)
      $595,000
      Change: +20% Conversion: Easy
      RETAIL STORES
      $555,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4131
    Latitude
    32.7309
    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
    $30,125
    $601,562
    $673,438
    $1,275,000
    -
    $601,562
    $673,438
    $1,275,000

    Comparable in this City

    • Value Estimation
      $285,000
      0.10 Acres

      4613 Wellesley Ave

      MEDICAL BUILDING • 0.10 Acres
      4613 Wellesley Ave, Fort Worth, TX 76107-6801
      View Details
    • Value Estimation
      $685,000
      9,815 SF

      2700 Horne St

      MEDICAL BUILDING • 9,815 SF
      2700 Horne St, Fort Worth, TX 76107-4748
      View Details
    • Value Estimation by Request
      0.43 Acres

      5913 Lovell Ave

      MEDICAL BUILDING • 0.43 Acres
      5913 Lovell Ave, Fort Worth, TX 76107-5069
      View Details
    • Value Estimation
      $540,000
      4,705 SF

      1700 Montgomery St

      MEDICAL BUILDING • 4,705 SF
      1700 Montgomery St, Fort Worth, TX 76107-4008
      View Details
    • Value Estimation
      $485,000
      9,234 SF

      4804 Bryant Irvin Ct

      MEDICAL BUILDING • 9,234 SF
      4804 Bryant Irvin Ct, Fort Worth, TX 76107-7640
      View Details
    • Value Estimation
      $315,000
      1,486 SF

      5913 Lovell Ave

      MEDICAL BUILDING • 1,486 SF
      5913 Lovell Ave, Fort Worth, TX 76107-5069
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,750 SF

      Fort Worth Industrial Portfolio

      Prime Fort Worth Flex Space, 3 Buildings
      1701 White Settlement Rd, Fort Worth, TX 76107
      View Details
    • $7,000,000
      53,564 SF

      Fletcher Ave Office Building

      Office building with 53,564 square feet of space.
      4717 Fletcher Ave, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      0.60 Acres

      Fort Worth Commercial Property

      9,028 SF Vacant Commercial Space
      920 Foch St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      4,885 SF

      Office Building Near Cultural District

      Office building with garage near Cultural District and Monticello.
      3200 W 4Th St, Fort Worth, TX 76107
      View Details
    • $120,000
      0.14 Acres

      Corner Lot in Como Neighborhood

      Corner lot in growing Como neighborhood, ready for development.
      5437 Houghton Ave, Fort Worth, TX 76107
      View Details
    • $4,250,000
      25,000 SF

      Two Industrial Buildings For Sale

      Two industrial buildings totaling 25,000 SF in Fort Worth.
      2909 Shamrock Ave, Fort Worth, TX 76107
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      17,850 SF

      Prime Fort Worth Office Space

      Hulen St. Office Suites Available
      3801 Hulen St, Fort Worth, TX 76107
      View Details
    • $25 SF/Yr
      27,766 SF

      Hulen Street Office Complex

      Modern Office Space, Prime Location
      3509 Hulen St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      4,542 SF

      Retail/Medical Space on West 7th

      Retail or medical space in a shopping center.
      2503-2513 W 7Th St, Fort Worth, TX 76107
      View Details
    • $27 SF/Yr
      2,184 SF

      Class A Office Space Available

      Creative or medical office space in mixed-use development for rent.
      2401 W 7Th St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      2,434 SF

      Medical Office Space Available

      2,434 SF medical office space for lease.
      4201 Camp Bowie Blvd, Fort Worth, TX 76107
      View Details
    • $27 SF/Yr
      2,184 SF

      Class A Mixed-Use Space

      Creative or medical office space in a mixed-use development.
      2421 W 7Th St, Fort Worth, TX 76107
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5929 Lovell Ave
    Fort Worth, TX 76107-5029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.