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    604 Main St Fort Worth, TX 76102
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    604 Main St Fort Worth, TX 76102

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    • Investment properties
    • 42,277 SF
    • 0.23 lot acres
    For Sale
    $12,045,000
    View Listing →
    Historic Mixed-Use Kress Building For Sale
    $12,045,000
    43,596 SF

    Historic Mixed-Use Kress Building

    Fully occupied mixed-use asset in Downtown Fort Worth, Texas.

    604 Main St, Fort Worth, TX 76102
    View Listing
    Property ID
    US83-2912660
    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

    • Kress Lofts / Business Service Center / Corporate Office
    • Big Laugh Comedy Club - Fort Worth / Nightclub / Theater & Performing Art Venue

    Property Details for 604 Main St

    Year built
    1936
    Lot size
    0.23 lot acres
    Property size
    42,277 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14437---97----5---20
    APU
    1443797520

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,790,000
      6.5%
      $11,805,000
      7%
      $10,960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,284,000
      Market price range: $1.47M - $12.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.331
    Latitude
    32.7535
    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
    $167,494
    $900,000
    $6,818,726
    $7,718,726
    -
    $900,000
    $6,818,726
    $7,718,726

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      1557 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.06 Acres
      1557 Elm St, Fort Worth, TX 76102
      View Details
    • Value Estimation
      $8,370,000
      29,371 SF

      901 Houston St

      OFFICE/RESIDENTIAL (MIXED USE) • 29,371 SF
      901 Houston St, Fort Worth, TX 76102-6226
      View Details
    • Value Estimation
      $27,165,000
      210,073 SF

      300 Throckmorton St

      OFFICE/RESIDENTIAL (MIXED USE) • 210,073 SF
      300 Throckmorton St, Fort Worth, TX 76102-2921
      View Details
    • Value Estimation
      $5,335,000
      38,480 SF

      111 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 38,480 SF
      111 4th St, Fort Worth, TX 76102-3950
      View Details
    • Value Estimation
      $1,300,000
      4,570 SF

      112 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,570 SF
      112 Main St, Fort Worth, TX 76102
      View Details
    • Value Estimation
      $23,855,000
      98,837 SF

      501 Throckmorton St

      OFFICE/RESIDENTIAL (MIXED USE) • 98,837 SF
      501 Throckmorton St, Fort Worth, TX 76102-3936
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,596 SF

      Historic Mixed-Use Kress Building

      Fully occupied mixed-use asset in Downtown Fort Worth, Texas.
      604 Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      3,806 SF

      Historic Urban Live-Work Opportunity

      Unique property blending history, modern design, and urban convenience.
      500 E Belknap St, Fort Worth, TX 76102
      View Details
    • $700,000
      0.42 Acres

      Fort Worth Mixed-Use Land

      Undeveloped land zoned for mixed-use in Uptown Fort Worth.
      715 Clear Lake St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Downtown Land with Development Potential

      Prime downtown location for development with flexible zoning and amenities.
      715 Clear Lake St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Corner Lot in Fort Worth

      Vacant corner lot in a commercial-industrial area.
      1515 E Peach St, Fort Worth, TX 76102
      View Details
    • $75,000
      0.11 Acres

      Residential Land in Renovated Neighborhood

      Level lot near downtown Fort Worth with utilities available.
      1716 Glenmore Ave, Fort Worth, TX 76102
      View Details

    Similar Nearby for Lease

    • $2,160 /Mo

      Downtown Fort Worth Office Sublease

      Class B office sublease in renovated downtown building.
      101 Summit Ave, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent at 1012 Burnett St.
      1012 Burnett St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Class A Office Space Available

      40-story office building in Fort Worth's Business District.
      801 Cherry St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Fort Worth Office Space Available

      Office space for rent near Fort Worth CBD.
      910 Collier St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Fort Worth Flex/Industrial Space

      Flex and industrial spaces available for lease in Fort Worth.
      2213 West Broadway Ave, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      218 SF

      Single Office Space For Rent

      218 SF single office space available for rent.
      500 Main St, Fort Worth, TX 76102
      View Details
    View Listing
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    604 Main St
    Fort Worth, TX 76102
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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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