Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    5932 Lovell Ave Fort Worth, TX 76107-5030
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5932 Lovell Ave Fort Worth, TX 76107-5030

    View on Map
    • Drug stores
    • 2,400 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US82-1257598
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Best Value Ridglea Drug / Pharmacy
    • Zachary Mercer / Pharmacy

    Property Details for 5932 Lovell Ave

    Year built
    1999
    Lot size
    0.14 lot acres
    Property size
    2,400 SF
    Property type
    Drug stores
    APN
    -6970---29---23---20
    APU
    6970292320

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.413
    Latitude
    32.7315
    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
    $12,192
    $50,000
    $478,000
    $528,000
    -
    $50,000
    $478,000
    $528,000

    Comparable in this City

    • Value Estimation
      $2,180,000
      16,092 SF

      3614 Cp Bowie Blvd

      DRUG STORE, PHARMACY • 16,092 SF
      3614 Cp Bowie Blvd, Fort Worth, TX 76107-3352
      View Details
    • Value Estimation
      $1,925,000
      14,484 SF

      4515 Cp Bowie Blvd

      DRUG STORE, PHARMACY • 14,484 SF
      4515 Cp Bowie Blvd, Fort Worth, TX 76107-3836
      View Details
    • Value Estimation by Request
      0.14 Acres

      5938 Lovell Ave

      DRUG STORE, PHARMACY • 0.14 Acres
      5938 Lovell Ave, Fort Worth, TX 76107-5030
      View Details
    • Value Estimation by Request
      0.30 Acres

      3900 Crestline Rd

      FINANCIAL BUILDING • 0.30 Acres
      3900 Crestline Rd, Fort Worth, TX 76107
      View Details
    • Value Estimation by Request
      0.14 Acres

      5518 Vickery Blvd

      GROCERY, SUPERMARKET • 0.14 Acres
      5518 Vickery Blvd, Fort Worth, TX 76107-7475
      View Details
    • Value Estimation
      $1,035,000
      17,645 SF

      2729 7th St

      FINANCIAL BUILDING • 17,645 SF
      2729 7th St, Fort Worth, TX 76107
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Retail Space with Reserved Parking

      Retail space available near upcoming mixed-use development.
      2927 Morton St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      4,675 SF

      West 7th Corner Retail Building

      Retail building in the heart of West 7th district.
      910 Currie St, Fort Worth, TX 76107
      View Details
    • $8,800,000
      22,000 SF

      Tesla Single-Tenant Property in Fort Worth

      Single-tenant Tesla property with a new 7-year term.
      275 University Dr, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      49,978 SF

      Fully Leased Fort Worth Asset

      Prime location in Fort Worth's West 7th District.
      2800 Bledsoe St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      2,320 SF

      Turnkey Restaurant or Bar Opportunity

      4,785 SF property suitable for restaurant or bar use.
      2801 Morton St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      9,028 SF

      Prime Fort Worth Redevelopment Opportunity

      9,028 SF property on 0.60 AC in W. 7th District.
      920 Foch St, Fort Worth, TX 76107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,540 SF

      Mixed-Use Development in Fort Worth

      Unique mixed-use property with retail and residential components.
      501 Carroll St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      2,893 SF

      Restaurant/Retail Space on S University

      Prime location near TCU, Colonial, and Cultural District.
      1664 S University Dr, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      1,200 SF

      Camp Bowie Retail Space Available

      Retail storefront on Camp Bowie Blvd, Fort Worth, TX.
      4821-4825 Camp Bowie Blvd, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      4,200 SF

      Warehouse Space with High Visibility

      2,100 SF warehouse space ideal for a showroom.
      3917 Hulen St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      6,907 SF

      Retail Space in West 7th

      Retail spaces available in a mixed-use shopping center.
      1001-1021 Foch St, Fort Worth, TX 76107
      View Details
    • Contact for pricing
      8,887 SF

      Fort Worth Retail Space Available

      8,887 SF retail space in a prime Fort Worth location.
      2312 Montgomery 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.
    5932 Lovell Ave
    Fort Worth, TX 76107-5030
    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.
    Sign Up Successful!
    You now have access to more from Realmo!