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

    651 Alta Mere Dr Fort Worth, TX 76114-4019

    • Auto shops
    • 1,800 SF
    • 0.72 lot acres
    OFF-MARKET
    Last Sale
    Nov 11, 2024
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-0059870
    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

    • Take 5 Oil Change / Oil Change Service
    • Residential Locks Fort Worth TX / Locksmith / Repair Service
    • Westover Village Place / Business Center / Shopping Mall

    Property Details for 651 Alta Mere Dr

    Year built
    2017
    Lot size
    0.72 lot acres
    Property size
    1,800 SF
    Property type
    Auto shops
    APN
    46255M-2-1R1A
    APU
    46255M21R1A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $338,000
      Market price range: $124k - $338k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $260,000
      Current use
      COMMERCIAL (GENERAL)
      $350,000
      Change: +35% Conversion: Moderate
      OFFICE BUILDING
      $235,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4321
    Latitude
    32.7505
    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
    $26,022
    $595,422
    $554,578
    $1,150,000
    -
    $595,422
    $554,578
    $1,150,000

    Comparable in this City

    • Value Estimation
      $285,000
      2,500 SF

      2125 Jacksboro Hwy

      AUTO REPAIR, GARAGE • 2,500 SF
      2125 Jacksboro Hwy, Fort Worth, TX 76114-2317
      View Details
    • Value Estimation
      $405,000
      7,320 SF

      5210 Riv Oaks Blvd

      AUTO REPAIR, GARAGE • 7,320 SF
      5210 Riv Oaks Blvd, River Oaks, TX 76114-2924
      View Details
    • Value Estimation
      $265,000
      1,960 SF

      5100 Riv Oaks Blvd

      AUTO REPAIR, GARAGE • 1,960 SF
      5100 Riv Oaks Blvd, River Oaks, TX 76114-2922
      View Details
    • Value Estimation
      $400,000
      4,650 SF

      4428 Poinsetta Dr

      AUTO REPAIR, GARAGE • 4,650 SF
      4428 Poinsetta Dr, Fort Worth, TX 76114
      View Details
    • Value Estimation
      $350,000
      5,400 SF

      1004 Merritt St

      AUTO REPAIR, GARAGE • 5,400 SF
      1004 Merritt St, River Oaks, TX 76114-2963
      View Details
    • Value Estimation
      $250,000
      1,890 SF

      4757 Riv Oaks Blvd

      AUTO REPAIR, GARAGE • 1,890 SF
      4757 Riv Oaks Blvd, River Oaks, TX 76114-2700
      View Details

    Similar Nearby for Sale

    • $3,272,727
      2,685 SF

      Westworth Village Dairy Queen For Sale

      Freestanding Dairy Queen in Westworth Village, absolute net lease.
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      Upscale Retail Building on Westworth

      Multi-tenant retail building with high visibility and excellent access.
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      River Oaks Retail Opportunity

      Hard corner retail opportunity in River Oaks, Texas.
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    • $495,000
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      River Oaks Retail Land - $495k

      Prime 1.47-acre retail lot in River Oaks, TX.
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    • $299,000
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      Sansom Park Commercial Opportunity

      High-visibility property ideal for retail, office, or professional services.
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    • $950,000
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      Established Showroom on Jacksboro Highway

      Furniture showroom on busy highway with excellent frontage and access.
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    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Town & Country Shopping Center

      Prime Fort Worth Retail Space
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      3,800 SF

      Retail Space on Highway 199

      Retail space with frontage on Highway 199, Fort Worth.
      2201 Jacksboro Hwy, Fort Worth, TX 76114
      View Details
    • Contact for pricing
      1,547 SF

      Retail Space on Jacksboro Hwy

      Retail space available for rent on Jacksboro Highway.
      2250-2254 Jacksboro Hwy, Fort Worth, TX 76114
      View Details
    • Contact for pricing
      3,675 SF

      Retail Space Near I-30

      9,611 SF retail space under construction, anchored by major retailers.
      401-411 Alta Mere Dr, Fort Worth, TX 76114
      View Details
    • $13 SF/Yr
      12,047 SF

      Retail Space in Calloway Center

      Retail space available in a highly visible, busy Fort Worth center.
      5932 River Oaks Blvd, Fort Worth, TX 76114
      View Details
    • Contact for pricing
      10,908 SF

      Freestanding Retail Space on Jacksboro

      Former CVS available for lease in Fort Worth, Texas.
      2706 Jacksboro Hwy, Fort Worth, TX 76114
      View Details
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    Fort Worth, TX 76114-4019
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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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