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

    605 Hurst Blvd Hurst, TX 76053-8029

    • Auto shops
    • 3,179 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2778542
    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

    • Master Tech Service Center / Auto Repair Shop
    • U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service

    Property Details for 605 Hurst Blvd

    Year built
    1956
    Lot size
    0.30 lot acres
    Property size
    3,179 SF
    Property type
    Auto shops
    APN
    18740-12-12B
    APU
    187401212B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $325,000
      Current use
      COMMERCIAL (GENERAL)
      $325,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurst
    County
    Tarrant
    State
    Texas
    Longitude
    -97.1617
    Latitude
    32.8092
    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
    $3,439
    $78,300
    $93,359
    $171,659
    -
    $78,300
    $93,359
    $171,659

    Comparable in this City

    • Value Estimation
      $345,000
      2,170 SF

      800 Bedford Euless Rd

      AUTO REPAIR, GARAGE • 2,170 SF
      800 Bedford Euless Rd, Hurst, TX 76053-3806
      View Details
    • Value Estimation
      $270,000
      3,620 SF

      808 Hurst Blvd

      AUTO REPAIR, GARAGE • 3,620 SF
      808 Hurst Blvd, Hurst, TX 76053-7502
      View Details
    • Value Estimation
      $320,000
      4,798 SF

      772 Hurst Blvd

      AUTO REPAIR, GARAGE • 4,798 SF
      772 Hurst Blvd, Hurst, TX 76053-7608
      View Details
    • Value Estimation
      $390,000
      7,570 SF

      1492 Pipeline Rd

      AUTO REPAIR, GARAGE • 7,570 SF
      1492 Pipeline Rd, Hurst, TX 76053-4629
      View Details
    • Value Estimation
      $285,000
      1,755 SF

      300 Pipeline Rd

      AUTO REPAIR, GARAGE • 1,755 SF
      300 Pipeline Rd, Hurst, TX 76053-5831
      View Details
    • Value Estimation
      $285,000
      1,887 SF

      301 Bedford Euless Rd

      AUTO REPAIR, GARAGE • 1,887 SF
      301 Bedford Euless Rd, Hurst, TX 76053-4010
      View Details

    Similar Nearby for Sale

    • $600,000
      0.33 Acres

      Freestanding Auto Repair Shop

      Commercial building in Hurst, TX, ideal for automotive services.
      117 W Bedford Euless Rd, Hurst, TX 76053
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    • $1,259,999
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      Versatile Commercial Property on Highway 10

      Adaptable commercial property ideal for various business uses in Hurst.
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    • Contact for pricing
      25,230 SF

      Retail Property Near Regional Mall

      Retail property with pylon signage and dedicated parking.
      747 Loop 820 NE, Hurst, TX 76053
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    • $160,000
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      Prime Hurst Retail Opportunity

      High-traffic location, 0.28-acre lot.
      141 Hurst Blvd, Hurst, TX 76053
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    • $125,000
      0.28 Acres

      Retail Property in Hurst, Texas

      Retail property for sale in Hurst, Texas, on 0.28 acres.
      141 E Hurst Blvd, Hurst, TX 76053
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    • $1,695,000
      8,645 SF

      Retail Building on Corner Lot

      8,645 SF retail building on 0.57-acre corner lot.
      521 W Bedford Euless Rd, Hurst, TX 76053
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      11 SF

      Hurst, TX Warehouse - 6,600 SF

      Versatile warehouse, ideal location, immediate occupancy.
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      Hurst Retail/Industrial Space

      Prime Hurst location, 28,500 sq ft.
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    • $18 SF/Yr
      3,200 SF

      Retail End Cap Space Available

      3,200 SF retail space available for lease.
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    • Contact for pricing
      1,300 SF

      Retail Space on Texas 121

      Retail space with high visibility and access on Texas 121.
      1304 Precinct Line Rd, Hurst, TX 76053
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Near Super Target

      Retail space anchored by Super Target at high-traffic intersection.
      725 Airport Fwy, Hurst, TX 76053
      View Details
    • $2,500 /Mo
      44,910 SF

      Retail Space Near Northeast Mall

      Prime retail space with high visibility and foot traffic.
      1212 Melbourne Rd, Hurst, TX 76053
      View Details
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    Hurst, TX 76053-8029
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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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