Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    609 Samuels Ave Fort Worth, TX 76102

    • High-rise multifamily apartments
    • 61,939 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1258230
    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

    • High-rise multifamily apartments

    Property Details for 609 Samuels Ave

    Year built
    2008
    Lot size
    1.71 lot acres
    Property size
    61,939 SF
    Property type
    High-rise multifamily apartments
    APN
    43769-6-3R1
    APU
    4376963R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $745,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.33
    Latitude
    32.765
    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
    $232,011
    $2,331,812
    $8,303,988
    $10,635,800
    -
    $2,331,812
    $8,303,988
    $10,635,800

    Comparable in this City

    • Value Estimation
      $305,000
      0.11 Acres

      1305 Johnson St

      HIGH-RISE APARTMENTS • 0.11 Acres
      1305 Johnson St, Fort Worth, TX 76102-1634
      View Details
    • Value Estimation
      $690,000
      28,035 SF

      545 Samuels Ave

      HIGH-RISE APARTMENTS • 28,035 SF
      545 Samuels Ave, Fort Worth, TX 76102
      View Details
    • Value Estimation
      $785,000
      35,992 SF

      712 Hampton St

      HIGH-RISE APARTMENTS • 35,992 SF
      712 Hampton St, Fort Worth, TX 76102
      View Details
    • Value Estimation
      $905,000
      134,282 SF

      300 Henderson St

      HIGH-RISE APARTMENTS • 134,282 SF
      300 Henderson St, Fort Worth, TX 76102-2700
      View Details
    • Value Estimation
      $720,000
      195,529 SF

      555 Elm St

      HIGH-RISE APARTMENTS • 195,529 SF
      555 Elm St, Fort Worth, TX 76102-4046
      View Details
    • Value Estimation
      $865,000
      85,063 SF

      1200 7th St

      HIGH-RISE APARTMENTS • 85,063 SF
      1200 7th St, Fort Worth, TX 76102
      View Details

    Similar Nearby for Sale

    • $317,500
      1,272 SF

      Updated Condo Near Trinity Trails

      Updated 2 bed, 2 bath condo near downtown amenities.
      950 Henderson St, Fort Worth, TX 76102
      View Details
    • $800,000

      Fort Worth Commercial Land Opportunity

      Prime 18,313 SF lot, H-zoned, 10-story max.
      715 Clear Lake St, Fort Worth, TX 76102
      View Details
    • $100,000

      Fort Worth Commercial Land Investment

      Prime corner lot, 5,009 sq ft, ideal commercial development.
      1515 Peach St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      400,000 SF

      Shops at MC820: Fort Worth Retail

      Prime Fort Worth restaurant pads, Hwy 820 access.
      820 & Marine Crk Pkwy, Fort Worth, TX 76102
      View Details
    • $2,695,000

      Fort Worth Land For Sale

      1.125 acres in central Fort Worth near Stockyards.
      2219 N Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      2,100 SF

      Retail Property in Fort Worth

      Retail property with 2,100 square feet of space.
      1004 W Bluff St, Fort Worth, TX 76102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,738 SF

      Retail Space with Double Drive-Thru

      Retail space with double drive-thru available for sublease.
      4140 E Lancaster Ave, Fort Worth, TX 76102
      View Details
    • $24 SF/Yr
      2,124 SF

      Office Space For Rent

      Office space available with easy access in Fort Worth.
      505 E Pecan St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      15,199 SF

      Class A Office Building

      99,000 SF Class A office building with parking garage.
      407 Throckmorton St, Fort Worth, TX 76102
      View Details
    • $12 SF/Yr
      11,828 SF

      Downtown Fort Worth Office Space

      Office space for rent in the Fort Worth CBD submarket.
      814 Taylor St, Fort Worth, TX 76102
      View Details
    • $22 SF/Yr
      4,370 SF

      Office Space on West Freeway

      Office space available for lease on West Freeway.
      2630 West Fwy, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      11,427 SF

      Office Space with Multiple Rooms

      Office space featuring multiple offices and conference rooms for rent.
      420 Throckmorton St, Fort Worth, TX 76102
      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.
    609 Samuels Ave
    Fort Worth, TX 76102
    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.