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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Strip malls
6076 Azle Ave Lake Worth, TX 76135-2603
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3348668
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
11,167 SF
Lot
1.1 ac (48,003 SF)
APN
34475-1-9
UPID
US82-3348668
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
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$570k
Owner & transaction history
Scg Lake Worth Market Place LLC · 7 yrs held
Scg Lake Worth Market Place LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$950,000
+90.3%
Warehouse, storage
$660,000
+32.7%
Retail stores
$655,000
+31.0%
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 Lake Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Worth 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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Current use
AUTO REPAIR, GARAGE
$950,000
Change: +90% · Conversion: Difficult
WAREHOUSE, STORAGE
$660,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$51 / 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
$50,807
Tax year 2023
Assessed value
$2,493,394
Assessed 2024
Previous assessed
$2,375,000
+5.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$576,132
Assessed improvement
$1,917,262
Land market value
$576,132
Improvement market value
$1,917,262
Total market value
$2,493,394
Applied tax rate
224.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
11,167 SF
Lot
1.1 ac (48,003 SF)
APN
34475-1-9
UPID
US82-3348668
Jurisdiction
TARRANT
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$950,000
WAREHOUSE, STORAGE
Est. value
$660,000
RETAIL STORES
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Scg Lake Worth Market Place LLC
Entity
Mailing address
3715 NORTHSIDE PKWY NW STE #650, ATLANTA, GA 30327-2886
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
—
Scg Lake Worth Market Place LLC
—
Deed
related
$1,831,000 · American Family Mutual Insurance Company
May 17, 2019
—
Scg Lake Worth Market Place LLC
Canyon Lake Worth Lot 9 LLC
Special Warranty Deed
$1,235,000 · Morris Bank
Jun 2, 2008
—
Michael L Barnett
Canyon Lake Worth Props
Grant Deed
$1,564,000 · Sovereign Bank
—
—
Canyon Lake Worth-lot 9 LLC
—
Deed Of Trust
related
$1,650,000 · Government Personnel Mutual Li
—
—
Canyon Lake Worth-lot 9 LLC
—
Deed Of Trust
related
$1,564,000 · Sovereign Bank
—
—
Canyon Lake Worth-lot 9 LLC
—
Deed Of Trust
related
$1,564,000 · Sovereign 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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