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

    624 Mcleroy Blvd Saginaw, TX 76179-4603

    • Industrial properties
    • 103,126 SF
    • 12.74 lot acres
    OFF-MARKET
    Value Estimations
    $1,680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-8786495
    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

    • Industrial properties

    Property Details for 624 Mcleroy Blvd

    Year built
    1999
    Lot size
    12.74 lot acres
    Property size
    103,126 SF
    Property type
    Industrial properties
    APN
    37060-1--B
    APU
    370601B

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,025,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3558
    Latitude
    32.8599
    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
    $108,917
    $421,699
    $4,734,601
    $5,156,300
    -
    $421,699
    $4,734,601
    $5,156,300

    Comparable in this City

    • Value Estimation by Request
      2.62 Acres

      2701 Blue Mound Rd

      Land • 2.62 Acres
      2701 Blue Mound Rd, Fort Worth, TX 76179
      View Details
    • Value Estimation by Request
      3.95 Acres

      Morris Dido Newark Rd

      INDUSTRIAL (GENERAL) • 3.95 Acres
      Morris Dido Newark Rd, Fort Worth, TX 76179
      View Details
    • Value Estimation by Request
      2.75 Acres

      2850 Peden Rd

      HEAVY INDUSTRIAL • 2.75 Acres
      2850 Peden Rd, Fort Worth, TX 76179-5517
      View Details
    • Value Estimation
      $1,200,000
      92,677 SF

      1670 Hicks Fld Rd

      HEAVY INDUSTRIAL • 92,677 SF
      1670 Hicks Fld Rd, Fort Worth, TX 76179-5248
      View Details
    • Value Estimation
      $1,275,000
      83,485 SF

      2850 Peden Rd

      HEAVY INDUSTRIAL • 83,485 SF
      2850 Peden Rd, Fort Worth, TX 76179-5517
      View Details
    • Value Estimation
      $1,280,000
      107,018 SF

      3040 Peden Rd

      HEAVY INDUSTRIAL • 107,018 SF
      3040 Peden Rd, Fort Worth, TX 76179-5523
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.62 Acres

      Fort Worth Industrial Land Tract

      2.62 Acres, Prime Location, ETJ Zoning
      2701 Blue Mound Rd, Fort Worth, TX 76179
      View Details
    • $43,361,055
      321,193 SF

      Saginaw Distribution Center: Texas

      Prime Texas Warehouse, 321,193 SF, $135/SF
      0 Mcleroy Blvd, Saginaw, TX 76179
      View Details
    • $330,000
      6,260 SF

      Saginaw Industrial Warehouse - Priced to Sell

      6,260 SF Warehouse, 1.76 Acres, Great Location
      216 Mcleroy Blvd, Saginaw, TX 76179
      View Details
    • Contact for pricing
      3.14 Acres

      Fort Worth Commercial Land Parcel

      Prime 3.14-acre site, ideal for development.
      5928 Marine Creek Pkwy, Fort Worth, TX 76179
      View Details
    • $1,200,000
      1 SF

      Fort Worth Industrial Flex Space

      1.43-acre lot, high-traffic location
      1437 Longhorn Rd, Fort Worth, TX 76179
      View Details
    • Contact for pricing
      2.01 Acres

      Fort Worth Industrial Land - 2 Acres

      Prime Fort Worth industrial land, ideal for development.
      1409 Longhorn Rd, Fort Worth, TX 76179
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      12,000 SF

      Saginaw Industrial Space Available

      12,000 SF Manufacturing/Warehouse
      US-287 Bus, Saginaw, TX 76179
      View Details
    • Contact for pricing
      1,440 SF

      Fort Worth Warehouse with Office

      Warehouse space featuring an office, restroom, and bay door.
      9861 Saginaw Blvd, Fort Worth, TX 76179
      View Details
    • Contact for pricing
      321,193 SF

      Saginaw Distribution Center: Prime Warehouse Space

      Massive warehouse, flexible space, immediate occupancy.
      0 Mcleroy Blvd, Saginaw, TX 76179
      View Details
    • $43,361,055
      321,193 SF

      Saginaw Warehouse with Truck Court

      321,193 SF warehouse featuring truck court and ample parking.
      361 E Mcleroy Blvd, Saginaw, TX 76179
      View Details
    • Contact for pricing

      Saginaw Truck Parking and Storage

      Land available for truck parking, laydown yard, and material storage.
      1341 Jarvis Rd, Saginaw, TX 76179
      View Details
    • $12 SF/Yr
      350,000 SF

      Truck & Trailer Parking/ Yard Storage

      Distribution properties • 7.00 Acres
      9817 Old Decatur Rd, Fort Worth, TX 76179
      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.
    624 Mcleroy Blvd
    Saginaw, TX 76179-4603
    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.