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

    6701 Fossil Blf Dr Fort Worth, TX 76137-6581

    • Turn key restaurants
    • 9,032 SF
    • 1.66 lot acres
    OFF-MARKET
    Last Sale
    Sep 06, 2024
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2327765
    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

    • boomerjack western center / Grocery Store
    • BoomerJack's Grill / Hamburger Restaurant / Restaurant

    Property Details for 6701 Fossil Blf Dr

    Year built
    2013
    Lot size
    1.66 lot acres
    Property size
    9,032 SF
    Property type
    Turn key restaurants
    APN
    12752H-3-2RB
    APU
    12752H32RB

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $840,000
      Current use
      RETAIL STORES
      $870,000
      Change: +4% Conversion: Easy
      MEDICAL BUILDING
      $795,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3129
    Latitude
    32.863
    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
    $66,437
    $996,614
    $1,953,386
    $2,950,000
    -
    $996,614
    $1,953,386
    $2,950,000

    Comparable in this City

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    • Value Estimation by Request
      3,918 SF

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      RESTAURANT • 3,918 SF
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      $575,000
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      6650 Nn Fwy

      RESTAURANT • 6,600 SF
      6650 Nn Fwy, Fort Worth, TX 76137-7554
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    • Value Estimation
      $685,000
      12,850 SF

      6730 Fossil Blf Dr

      RESTAURANT • 12,850 SF
      6730 Fossil Blf Dr, Fort Worth, TX 76137-6579
      View Details
    • Value Estimation by Request
      7,609 SF

      6300 Nn Fwy

      RESTAURANT • 7,609 SF
      6300 Nn Fwy, Fort Worth, TX 76137-3872
      View Details
    • Value Estimation by Request
      7,304 SF

      6621 Fossil Blf Dr

      RESTAURANT • 7,304 SF
      6621 Fossil Blf Dr, Fort Worth, TX 76137-6580
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Haltom City Restaurant - 5,746 SF

      Established restaurant, high-traffic location, immediate occupancy.
      6374 Beach St, Haltom City, TX 76137
      View Details
    • $5,730,000
      14,269 SF

      Fort Worth NNN Investment Opportunity

      NNN leased restaurant property in a high-traffic Fort Worth location.
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    • Contact for pricing
      3,475 SF

      Former Restaurant with Drive-Thru

      3,475 SF restaurant space with drive-thru and patio.
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    • $2,950,000
      11,970 SF

      Fort Worth Restaurant - $2.95M

      Class A Restaurant, 11,970 SF, 2 Acres
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    • $3,819,600
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      Landmark Bar & Kitchen: Fort Worth

      High-return restaurant investment, strong tenant.
      6621 Fossil Bluff Dr, Fort Worth, TX 76137
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    • $3,425,000
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      Restaurant/Bar Building in Western Center

      Second-generation restaurant/bar in a sought-after entertainment area.
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Strip Center with Drive-Thru

      Retail space available in North Fort Worth with drive-thru.
      7420 N Beach St, Fort Worth, TX 76137
      View Details
    • Contact for pricing
      2,524 SF

      Restaurant with Drive-Thru Available

      Free-standing, second-generation restaurant with drive-thru for lease.
      6360 N Beach St, Haltom City, TX 76137
      View Details
    • Contact for pricing
      1 SF

      Retail Center Space Available

      Retail center with good tenant mix in Fort Worth.
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    • Contact for pricing
      2,800 SF

      Fort Worth Medical/Office/Retail Space

      2,800 SF space suitable for medical, office, or retail.
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    • $14 SF/Yr
      3,187 SF

      Retail Space in Golden Beach

      Retail space for lease in North Fort Worth.
      10716-10776 N Beach St, Fort Worth, TX 76137
      View Details
    • Contact for pricing
      1,300 SF

      Retail Center in Fort Worth

      36,035 SF retail center with great visibility and access.
      5601 Basswood Blvd, Fort Worth, TX 76137
      View Details
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    Fort Worth, TX 76137-6581
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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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