Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6062 Lancaster Ave Fort Worth, TX 76112-6550

    • Office buildings
    • 6,000 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3055051
    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

    • Texas EZ Concealed Handgun License / Firearms Academy
    • Shoot Smart: Range. Training. Gunsmith / Shooting Range / Gun Club
    • Texas License to Carry DFW / Firearms Academy
    • Winchester Gallery - Now Shoot Smart / Shooting Range

    Property Details for 6062 Lancaster Ave

    Year built
    1963
    Lot size
    0.47 lot acres
    Property size
    6,000 SF
    Property type
    Office buildings
    APN
    45830----5----4---20
    APU
    458305420

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2267
    Latitude
    32.7346
    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
    $6,373
    $30,600
    $265,151
    $295,751
    -
    $30,600
    $265,151
    $295,751

    Comparable in this City

    • Value Estimation by Request
      8,066 SF

      5001 Brentwood Stair Rd

      OFFICE BUILDING • 8,066 SF
      5001 Brentwood Stair Rd, Fort Worth, TX 76112-2801
      View Details
    • Value Estimation
      $1,890,000
      11,613 SF

      1277 Country Clb Ln

      OFFICE BUILDING • 11,613 SF
      1277 Country Clb Ln, Fort Worth, TX 76112-2304
      View Details
    • Value Estimation
      $1,855,000
      32,349 SF

      6737 Brentwood Stair Rd

      OFFICE BUILDING • 32,349 SF
      6737 Brentwood Stair Rd, Fort Worth, TX 76112-3348
      View Details
    • Value Estimation
      $585,000
      7,000 SF

      6320 Brentwood Stair Rd

      OFFICE BUILDING • 7,000 SF
      6320 Brentwood Stair Rd, Fort Worth, TX 76112-3136
      View Details
    • Value Estimation
      $1,055,000
      6,440 SF

      3115 Erie St

      OFFICE BUILDING • 6,440 SF
      3115 Erie St, Fort Worth, TX 76112-7034
      View Details
    • Value Estimation by Request
      4,480 SF

      5725 Lancaster Ave

      OFFICE BUILDING • 4,480 SF
      5725 Lancaster Ave, Fort Worth, TX 76112-6528
      View Details

    Similar Nearby for Sale

    • $450,000
      0.23 Acres

      Versatile 1930s Fort Worth Estate

      Two-story estate with commercial zoning and flexible mixed-use potential.
      7101 E Lancaster Ave, Fort Worth, TX 76112
      View Details
    • $1,895,000
      1.49 Acres

      Renovated Office Building with Land

      Fully renovated office building with extra lot for commercial development.
      6464 Brentwood Stair Rd, Fort Worth, TX 76112
      View Details
    • $1,000,000
      0.32 Acres

      Turnkey Flex Space Near Loop 820

      Remodeled 6,440 SF flex space with modern finishes.
      3115 Erie St, Fort Worth, TX 76112
      View Details
    • $2,025,000
      12,440 SF

      Fort Worth Office Investment

      Class A, 100% occupied, strong tenant.
      6464 Brentwood Stair Rd, Fort Worth, TX 76112
      View Details
    • $549,000

      Fort Worth Commercial Land Opportunity

      0.84 acre corner lot in Fort Worth, Texas.
      801-901 Bridgewood Dr, Fort Worth, TX 76112
      View Details
    • Contact for pricing
      938 SF

      Restaurant Space on Meadowbrook Drive

      938 SF restaurant space with 8,896 SF land.
      6500 Meadowbrook Dr, Fort Worth, TX 76112
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      635 SF

      Office Space with Move-In Suites

      Office building with move-in ready suites and covered parking.
      6707 Brentwood Stair Rd, Fort Worth, TX 76112
      View Details
    • $16 SF/Yr
      7,008 SF

      Fort Worth Office Space Available

      7,008 square feet of office space for lease.
      5601 Bridge St, Fort Worth, TX 76112
      View Details
    • $1,300 /Mo
      1,100 SF

      Versatile Commercial Space in Fort Worth

      High-visibility commercial space suitable for office, retail, or warehouse.
      5825 East Lancaster Ave, Fort Worth, TX 76112
      View Details
    • $14 SF/Yr
      16,406 SF

      Garden Office Complex with Courtyard

      Office suites available in garden office complex, near downtown Fort Worth.
      1166 Country Club Ln, Fort Worth, TX 76112
      View Details
    • $2,900 /Mo
      7,013 SF

      Updated Office Space in Handley

      Freshly updated office space in historic Handley Business District.
      3121 Forest Ave, Fort Worth, TX 76112
      View Details
    • $14 SF/Yr
      16,406 SF

      Garden Office Complex with Courtyard

      Office suites available in garden office complex, near downtown.
      1166 Country Club Ln, Fort Worth, TX 76112
      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.
    6062 Lancaster Ave
    Fort Worth, TX 76112-6550
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.