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

    6312 Azle Ave Lake Worth, TX 76135-2442

    • Medical offices
    • 5,295 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1305251
    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

    • Medical offices

    Property Details for 6312 Azle Ave

    Year built
    2017
    Lot size
    0.70 lot acres
    Property size
    5,295 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    2910-11-10R1R
    APU
    29101110R1R

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $630,000
      Market price range: $307k - $644k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $465,000
      Current use
      RESTAURANT
      $570,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $450,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4247
    Latitude
    32.8161
    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
    $30,484
    $304,010
    $1,195,990
    $1,500,000
    -
    $304,010
    $1,195,990
    $1,500,000

    Comparable in this City

    • Value Estimation
      $690,000
      12,312 SF

      3400 Ctr Dr

      MEDICAL BUILDING • 12,312 SF
      3400 Ctr Dr, Fort Worth, TX 76135-3629
      View Details
    • Value Estimation
      $450,000
      4,306 SF

      4900 Boat Clb Rd

      MEDICAL BUILDING • 4,306 SF
      4900 Boat Clb Rd, Fort Worth, TX 76135-1802
      View Details
    • Value Estimation
      $640,000
      9,605 SF

      6100 Lk Worth Blvd

      MEDICAL BUILDING • 9,605 SF
      6100 Lk Worth Blvd, Lake Worth, TX 76135-3703
      View Details
    • Value Estimation
      $515,000
      7,574 SF

      3963 Boat Clb Rd

      MEDICAL BUILDING • 7,574 SF
      3963 Boat Clb Rd, Lake Worth, TX 76135-3202
      View Details
    • Value Estimation
      $330,000
      1,615 SF

      4712 Boat Clb Rd

      MEDICAL BUILDING • 1,615 SF
      4712 Boat Clb Rd, Fort Worth, TX 76135-2002
      View Details
    • Value Estimation
      $380,000
      5,326 SF

      3900 Boat Clb Rd

      MEDICAL BUILDING • 5,326 SF
      3900 Boat Clb Rd, Lake Worth, TX 76135-3201
      View Details

    Similar Nearby for Sale

    • $795,000
      0.91 Acres

      Lake Worth Office Building For Sale

      Two-story cottage-style office building with expansion potential in Lake Worth.
      6712 Azle Ave, Lake Worth, TX 76135
      View Details
    • $1,590,000

      Office and Warehouse Space Available

      7,000+ sqft office and warehouse near Lake Worth.
      9840 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $1,850,000
      1.46 Acres

      Multi-Purpose Church Facility with Banquet Hall

      Versatile church property suited for religious use, events, or redevelopment.
      11701 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $3,909,510
      47.70 Acres

      Lakeside TX Mixed-Use Development Land

      47.7-acre mixed-use land in Lakeside, TX with commercial frontage.
      8677 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $1,650,000
      5.90 Acres

      Fort Worth Commercial Land Available

      5.9 acres of commercial land with utilities in Fort Worth.
      3206 NW Eight Twenty Blvd, Fort Worth, TX 76135
      View Details
    • Contact for pricing
      31,155 SF

      Fort Worth Industrial Compound

      31,155 SF Warehouse & Storage, 15.52 Acres
      9901 Jacksboro Hwy, Fort Worth, TX 76135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Medical Office Space Available

      Sublease opportunity through 2029 featuring care suites and lab.
      3918 Telephone Rd, Lake Worth, TX 76135
      View Details
    • $20 SF/Yr
      2,660 SF

      Office Space Available For Rent

      Office space available for rent with 2660 square feet.
      5816 Boat Club Rd, Fort Worth, TX 76135
      View Details
    • $14 SF/Yr
      69,549 SF

      Lake Worth Retail Center Investment

      Prime Retail/Office Space Available in Lake Worth, TX
      3980 Boat Club Rd, Lake Worth, TX 76135
      View Details
    • Contact for pricing
      2,779 SF

      Retail and Office Space Available

      Retail and medical office spaces available with high traffic and parking.
      4625 Boat Club Rd, Fort Worth, TX 76135
      View Details
    • 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
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    6312 Azle Ave
    Lake Worth, TX 76135-2442
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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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