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

    6249 Altamesa Blvd Fort Worth, TX 76123-3082

    • Strip malls
    • 11,424 SF
    • 1.35 lot acres
    OFF-MARKET
    Last Sale
    May 28, 2025
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3564909
    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

    • Revival Fitness (REVFIT) - South Fort Worth / Gym
    • Tavolo Park Subdivision / Housing Development
    • Resort Nail Bar / Nail Salon

    Property Details for 6249 Altamesa Blvd

    Year built
    2023
    Lot size
    1.35 lot acres
    Property size
    11,424 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    41408T-3-4
    APU
    41408T34

    Description

    Fossil Creek Center at Alta Mesa offers a prime retail opportunity in Tarrant County. This newly constructed (2023) Class B building boasts a total of 11,500 square feet, situated on a generous 1.35-acre lot. Currently, 4,200 square feet of retail space is available for lease. The minimum leasable unit is 1,225 square feet, and the maximum contiguous space available is also 1,225 square feet, ideal for a single tenant seeking a well-located storefront. The property is configured as a multi-tenant building, providing opportunities for synergistic businesses. The property's street retail location ensures high visibility and accessibility for customers. This is an excellent chance to establish or expand your business in a thriving area. The building's modern construction and ample parking provide a comfortable and convenient shopping experience. This property is perfect for a variety of retail uses and presents a strong investment opportunity in a desirable location. Contact us today to learn more about leasing this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $515,000
      Current use
      WAREHOUSE, STORAGE
      $480,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4261
    Latitude
    32.6454
    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
    $8,578
    $999,702
    $1,352,663
    $2,352,365
    -
    $999,702
    $1,352,663
    $2,352,365

    Comparable in this City

    • Value Estimation
      $575,000
      8,979 SF

      5228 Sycamore School Rd

      SHOPPING CENTER, STRIP CENTER • 8,979 SF
      5228 Sycamore School Rd, Fort Worth, TX 76123-3048
      View Details
    • Value Estimation
      $450,000
      4,130 SF

      5240 Sycamore School Rd

      SHOPPING CENTER, STRIP CENTER • 4,130 SF
      5240 Sycamore School Rd, Fort Worth, TX 76123-3047
      View Details
    • Value Estimation
      $600,000
      11,830 SF

      8540 Hulen St

      SHOPPING CENTER, STRIP CENTER • 11,830 SF
      8540 Hulen St, Fort Worth, TX 76123-2741
      View Details
    • Value Estimation
      $575,000
      9,940 SF

      8615 Hulen St

      SHOPPING CENTER, STRIP CENTER • 9,940 SF
      8615 Hulen St, Fort Worth, TX 76123-2762
      View Details
    • Value Estimation
      $395,000
      12,740 SF

      5277 Mcpherson Blvd

      SHOPPING CENTER, STRIP CENTER • 12,740 SF
      5277 Mcpherson Blvd, Fort Worth, TX 76123
      View Details
    • Value Estimation
      $560,000
      8,701 SF

      5525 Sycamore School Rd

      SHOPPING CENTER, STRIP CENTER • 8,701 SF
      5525 Sycamore School Rd, Fort Worth, TX 76123-3054
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Prime 0.76-acre pad, high-traffic location.
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    • Contact for pricing
      11.34 Acres

      Fort Worth Commercial Land

      Prime Retail Land, Build-to-Suit Available
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    • $7,540,000
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      Fort Worth Development Opportunity

      32.992 acres of unimproved land near Chisholm Trail.
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    • $8,416,000
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      Residential Land in Growing Area

      27-acre residential land parcel in a developing Fort Worth area.
      9100 Block Of Mccart Ave, Fort Worth, TX 76123
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    • $1,771,910
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      Prime Fort Worth Medical Office Building

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    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Sycamore School Road Retail Opportunity

      Fort Worth retail pads & strip center, 8,000 sqft.
      5525 Sycamore School Rd, Fort Worth, TX 76123
      View Details
    • $18 SF/Yr
      1,560 SF

      Retail Space for Lease

      Retail space available in Fort Worth, Texas.
      7630-7674 Mccart Ave, Fort Worth, TX 76123
      View Details
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    6249 Altamesa Blvd
    Fort Worth, TX 76123-3082
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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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