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

    6172 Park Rd Fort Worth, TX 76135-9416

    • Turn key restaurants
    • 2,448 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4287901
    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

    • Augie's Sunset Cafe and Marina / Bar / Cafe

    Property Details for 6172 Park Rd

    Year built
    1945
    Lot size
    0.71 lot acres
    Property size
    2,448 SF
    Property type
    Turn key restaurants
    APN
    A1703---2A16B--20
    APU
    A17032A16B20

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $216,000
      Market price range: $152k - $360k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $265,000
      Current use
      COMMERCIAL (GENERAL)
      $395,000
      Change: +51% Conversion: Easy
      OFFICE BUILDING
      $335,000
      Change: +27% Conversion: Moderate
      MEDICAL BUILDING
      $215,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4969
    Latitude
    32.8722
    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
    $9,185
    $372,180
    $209,220
    $581,400
    -
    $372,180
    $209,220
    $581,400

    Comparable in this City

    • Value Estimation
      $355,000
      5,390 SF

      6055 Lk Worth Blvd

      RESTAURANT • 5,390 SF
      6055 Lk Worth Blvd, Lake Worth, TX 76135-3701
      View Details
    • Value Estimation
      $255,000
      4,780 SF

      6301 Lk Worth Blvd

      RESTAURANT • 4,780 SF
      6301 Lk Worth Blvd, Lake Worth, TX 76135-3601
      View Details
    • Value Estimation
      $280,000
      2,448 SF

      6059 Lk Worth Blvd

      RESTAURANT • 2,448 SF
      6059 Lk Worth Blvd, Lake Worth, TX 76135-3701
      View Details
    • Value Estimation
      $365,000
      5,774 SF

      6701 Lk Worth Blvd

      RESTAURANT • 5,774 SF
      6701 Lk Worth Blvd, Lake Worth, TX 76135-2901
      View Details
    • Value Estimation
      $340,000
      5,009 SF

      6709 Lk Worth Blvd

      RESTAURANT • 5,009 SF
      6709 Lk Worth Blvd, Lake Worth, TX 76135-2901
      View Details
    • Value Estimation
      $260,000
      1,713 SF

      6250 Lk Worth Blvd

      RESTAURANT • 1,713 SF
      6250 Lk Worth Blvd, Lake Worth, TX 76135-3705
      View Details

    Similar Nearby for Sale

    • $1,400,000
      0.93 Acres

      Established Restaurant and Bar Opportunity

      Restaurant and bar with recent updates in high-traffic location.
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      View Details
    • $3,592,592
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      Outback Steakhouse NNN Ground Lease

      New 15-year NNN lease with rental increases and options.
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    • $2,800,000
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      Freestanding Chicken Express Investment Property

      Absolute NNN leased Chicken Express in Lake Worth, Texas.
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    • $6,434,665
      16,000 SF

      Lake Worth Retail Investment

      High-Cap Rate NNN Storefront
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      3,016 SF

      Retail Property Near Loop 820

      Retail property near Loop 820, includes FF&E.
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    • $6,150,000
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      Neighborhood Shopping Center For Sale

      Neighborhood shopping center located on a major thoroughfare.
      4504 Boat Club Rd, Fort Worth, TX 76135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,892 SF

      Retail Space in Lake Worth

      High-traffic shopping center near Naval Air Station Joint Reserve Base.
      6548-6636 Lake Worth Blvd, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      3,579 SF

      Regional Power Center Retail Space

      197,332 SF regional power center in high-growth Fort Worth area.
      6060 Azle Ave, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      34,106 SF

      Retail Space in Lake Worth

      High-traffic shopping center near Naval Air Station Joint Reserve Base.
      6568-6596 Azle Ave, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      1,027 SF

      Retail Space in Fort Worth Hub

      Retail space in a busy Fort Worth shopping center.
      6560 Lake Worth Blvd, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      76,409 SF

      Lake Worth Retail Center Investment

      High-Visibility Strip Center, 30 Suites
      Worth TX Lake St, Fort Worth, TX 76135
      View Details
    • Contact for pricing
      3,100 SF

      Retail Space in Lake Worth

      Retail space available in a busy Lake Worth shopping center.
      6308 Lake Worth Blvd, Lake Worth, TX 76135
      View Details
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    6172 Park Rd
    Fort Worth, TX 76135-9416
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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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