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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6004 Lk Worth Blvd Lake Worth, TX 76135-3706

    • Strip malls
    • 7,100 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    $430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4460486
    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

    • Strip malls

    Property Details for 6004 Lk Worth Blvd

    Year built
    1975
    Lot size
    0.43 lot acres
    Property size
    7,100 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    23360-1-4R1-A
    APU
    2336014R1A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $315,000
      Current use
      MEDICAL BUILDING
      $625,000
      Change: +97% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $605,000
      Change: +90% Conversion: Difficult
      WAREHOUSE, STORAGE
      $420,000
      Change: +33% Conversion: Difficult
      RETAIL STORES
      $415,000
      Change: +31% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4127
    Latitude
    32.8051
    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
    $13,794
    $299,696
    $500,304
    $800,000
    -
    $299,696
    $500,304
    $800,000

    Comparable in this City

    • Value Estimation
      $845,000
      36,175 SF

      4625 Boat Clb Rd

      SHOPPING CENTER, STRIP CENTER • 36,175 SF
      4625 Boat Clb Rd, Fort Worth, TX 76135-7022
      View Details
    • Value Estimation
      $845,000
      25,543 SF

      3937 Boat Clb Rd

      SHOPPING CENTER, STRIP CENTER • 25,543 SF
      3937 Boat Clb Rd, Lake Worth, TX 76135-3202
      View Details
    • Value Estimation
      $815,000
      32,550 SF

      6738 Lk Worth Blvd

      SHOPPING CENTER, STRIP CENTER • 32,550 SF
      6738 Lk Worth Blvd, Lake Worth, TX 76135-2931
      View Details
    • Value Estimation
      $680,000
      50,866 SF

      6346 Lk Worth Blvd

      SHOPPING CENTER, STRIP CENTER • 50,866 SF
      6346 Lk Worth Blvd, Lake Worth, TX 76135
      View Details
    • Value Estimation
      $590,000
      12,100 SF

      6116 Lk Worth Blvd

      SHOPPING CENTER, STRIP CENTER • 12,100 SF
      6116 Lk Worth Blvd, Lake Worth, TX 76135-3703
      View Details
    • Value Estimation
      $535,000
      10,200 SF

      6060 Rocky Pt Trl

      SHOPPING CENTER, STRIP CENTER • 10,200 SF
      6060 Rocky Pt Trl, Lake Worth, TX 76135-2447
      View Details

    Similar Nearby for Sale

    • $6,150,000
      2,491 SF

      Neighborhood Shopping Center For Sale

      Neighborhood shopping center located on a major thoroughfare.
      4504 Boat Club Rd, Fort Worth, TX 76135
      View Details
    • $6,434,665
      16,000 SF

      Lake Worth Retail Investment

      High-Cap Rate NNN Storefront
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    • $2,800,000
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      Freestanding Chicken Express Investment Property

      Absolute NNN leased Chicken Express in Lake Worth, Texas.
      6765 Lake Worth Blvd, Lake Worth, TX 76135
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    • $1,400,000
      0.93 Acres

      Established Restaurant and Bar Opportunity

      Restaurant and bar with recent updates in high-traffic location.
      9805 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $6,434,665
      16,000 SF

      Retail Investment Opportunity in Fort Worth

      Retail property 100% leased to Harbor Freight Tools.
      3569 NW Centre Dr, Fort Worth, TX 76135
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    • $3,592,592
      4,694 SF

      Outback Steakhouse NNN Ground Lease

      New 15-year NNN lease with rental increases and options.
      6744 Jim Wright Fwy, Fort Worth, TX 76135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,839 SF

      Retail Space in Lake Worth

      Retail space available in Lake Worth shopping center.
      6332 Lake Worth Blvd, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      76,409 SF

      Lake Worth Retail Center Investment

      High-Visibility Strip Center, 30 Suites
      Worth TX Lake St, Fort Worth, TX 76135
      View Details
    • $14 SF/Yr
      69,549 SF

      Lake Worth Retail Center Investment

      Prime Retail/Office Space Available in Lake Worth, TX
      3980 Boat Club Rd, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      11,702 SF

      Boat Club Plaza Retail Space

      Fort Worth retail center, multiple spaces available.
      4601 Boat Club Rd, Fort Worth, TX 76135
      View Details
    • Contact for pricing
      34,106 SF

      Retail Space in Lake Worth

      High-traffic shopping center near Naval Air Station Joint Reserve Base.
      6568-6596 Azle Ave, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      1,027 SF

      Retail Space in Fort Worth Hub

      Retail space in a busy Fort Worth shopping center.
      6560 Lake Worth Blvd, Lake Worth, TX 76135
      View Details
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    Lake Worth, TX 76135-3706
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    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
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