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

    6750 Locke Ave Fort Worth, TX 76116

    • Office buildings
    • 16,050 SF
    • 0.55 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Jan 27, 2020
    Value Estimations
    $650,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3528191
    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

    • Edison Electricians of Fort Worth / Electrician
    • Millennial HVAC / Hvac Contractor
    • StarVolt Solar / Solar Energy Company / Solar Energy System Service
    • Texas Community Development Corporation / Community Center
    • Law Office of Ellen Dixius / Divorce Lawyer / Family Law Attorney

    Property Details for 6750 Locke Ave

    Year built
    1986
    Lot size
    0.55 lot acres
    Property size
    16,050 SF
    Property type
    Office buildings
    APN
    15740----1---13---20
    APU
    1574011320

    Description

    Green Oaks Plaza, located at 6750 Locke Ave in Fort Worth, Texas (zip code 76116), offers a single available executive office suite. This recently renovated property in Tarrant County boasts a total of 16,050 square feet, with 563 square feet currently vacant. The suite is part of a multi-tenant building and is ideal for business professionals seeking a convenient and efficient workspace. The property features ample free surface parking, with a ratio of 4.8 spaces per 1,000 square feet. Its location provides easy access to major Fort Worth thoroughfares, ensuring convenient commuting. The lease includes full-service amenities, encompassing janitorial services and utilities, offering a turnkey solution for immediate occupancy. This is a fantastic opportunity for a business seeking a well-maintained, easily accessible, and amenity-rich office space in a desirable West Fort Worth location. The available space is 563 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $877,000
      Market price range: $608k - $1.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,010,000
      Current use
      RETAIL STORES
      $1,075,000
      Change: +6% Conversion: Moderate
      WAREHOUSE, STORAGE
      $860,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4336
    Latitude
    32.7322
    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
    $24,497
    $36,075
    $1,354,500
    $1,390,575
    -
    $36,075
    $1,354,500
    $1,390,575

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      2808 Sappington Pl

      OFFICE BUILDING • 0.25 Acres
      2808 Sappington Pl, Fort Worth, TX 76116
      View Details
    • Value Estimation by Request
      0.74 Acres

      2550 Riv Park Plz

      OFFICE BUILDING • 0.74 Acres
      2550 Riv Park Plz, Fort Worth, TX 76116-0920
      View Details
    • Value Estimation by Request
      576 SF

      3000 Sappington Pl

      OFFICE BUILDING • 576 SF
      3000 Sappington Pl, Fort Worth, TX 76116-4106
      View Details
    • Value Estimation
      $1,060,000
      25,934 SF

      6411 Cp Bowie Blvd

      OFFICE BUILDING • 25,934 SF
      6411 Cp Bowie Blvd, Fort Worth, TX 76116-5449
      View Details
    • Value Estimation
      $3,260,000
      71,282 SF

      7000 Calmont Ave

      OFFICE BUILDING (MULTI-STORY) • 71,282 SF
      7000 Calmont Ave, Fort Worth, TX 76116-4183
      View Details
    • Value Estimation
      $1,690,000
      63,127 SF

      6421 Cp Bowie Blvd

      OFFICE BUILDING • 63,127 SF
      6421 Cp Bowie Blvd, Fort Worth, TX 76116-5401
      View Details

    Similar Nearby for Sale

    • $925,000
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      West Fort Worth Office Building

      6,956 SF office building with recent upgrades and ample parking.
      3500 Marquita Dr, Fort Worth, TX 76116
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    • $525,000
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      Benbrook Office Building For Sale

      Office building in Benbrook, TX with long-term tenant.
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      Fort Worth Office with Parking

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      Fort Worth Creative Office Investment

      Multi-Tenant Office Building, High ROI Potential
      8205 Camp Bowie Blvd, Fort Worth, TX 76116
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      Prime Commercial Lot on Camp Bowie

      High-traffic commercial lot suitable for retail, office, or flex space.
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      Updated Office and Warehouse Space

      Updated office and warehouse with covered parking/storage for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      1,760 SF

      Benbrook Warehouse Space Available

      Modern warehouse units, flexible sizes.
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    • $1,750,000
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      West Fort Worth Office Suites

      Two-story brick office building with various floor plans available.
      8205 Camp Bowie Blvd W, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      1,908 SF

      Retail Space in Affluent Neighborhood

      Retail space in a thriving, highly visible Fort Worth center.
      6324 Waverly Way, Fort Worth, TX 76116
      View Details
    • $18 SF/Yr
      7,974 SF

      Retail Space in Anchored Center

      Retail space in busy residential area near Ridgmar Mall.
      2400 Lands End Blvd, Fort Worth, TX 76116
      View Details
    • Contact for pricing
      199 SF

      Retail & Office Space Available

      Retail and office spaces in iconic Fort Worth mixed-use center.
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      View Details
    • $18 SF/Yr
      91,795 SF

      Retail Office Restaurant Space Available

      Retail, office, and restaurant spaces available near Ridgmar Mall.
      2104-2374 Mall Cir, Fort Worth, TX 76116
      View Details
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    6750 Locke Ave
    Fort Worth, TX 76116
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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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