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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Retail space
601 Nn St, Weatherford, TX 76086
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3614036
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
19,550 SF
Lot
1.96 ac (85,378 SF)
APN
11783-001-002-00
UPID
US82-3614036
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$985k
Owner & transaction history
Michael S Jennings · 13 yrs held
Michael S Jennings
since 2013
7 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 Weatherford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Weatherford 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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$50 / 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
$37,692
Tax year 2023
Assessed value
$1,812,700
Assessed 2023
Previous assessed
$1,812,700
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$341,510
Assessed improvement
$1,471,190
Land market value
$341,510
Improvement market value
$1,471,190
Total market value
$1,812,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
1
Total area
19,550 SF
Lot
1.96 ac (85,378 SF)
APN
11783-001-002-00
UPID
US82-3614036
Jurisdiction
PARKER
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
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Michael S Jennings
Individual
Mailing address
2800 S HULEN ST STE #200, FORT WORTH, TX 76109-1500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
—
Tri-rich Investments L P
—
Deed
related
$4,445,000 · Eecu
Oct 23, 2019
—
Tri-rich Investments LP
—
Deed
related
$4,000,000 · Eecu
Jun 20, 2013
—
Azle Retail Partners LLC
—
Trustees Deed
related
$3,350,000 · Pinnacle Bank
Apr 12, 2013
—
Michael S Jennings
Haugen,edwin
Warranty Deed
$101,968 · Texas Banc Mortgage Co
Dec 11, 2012
—
Azle Retail Partners LLC
—
Deed Of Trust
related
$6,350,000 · Pinnacle Bank
—
—
Tri-rich Investments
—
Deed Of Trust
related
$1,050,000 · Pinnacle Bank
—
—
Tri-rich Investments LP
—
Deed Of Trust
related
$4,000,000 · Eecu
—
—
Tri-rich Investments L P
—
Deed Of Trust
related
$4,445,000 · Eecu
—
—
Azle Retail Partners LLC
—
Loan Modification
related
$140,000 · Pinnacle Bk
—
—
Tri-rich Investments
—
Deed Of Trust
related
$1,050,000 · First Bank
—
—
Tri-rich Investments LP
—
Deed Of Trust
related
$1,250,000 · Eecu
—
—
Tri Rich Investments
—
Deed Of Trust
related
$853,147 · First Bank
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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