Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Investment properties
6751 Lancaster Ave Fort Worth, TX 76112-7064
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US83-2896680
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1975
Total area
7,200 SF
Lot
0.79 ac (34,447 SF)
APN
20970---13----8R--20
UPID
US83-2896680
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Quick Way Corporation Office Grocery & Convenience Store
-
Pakistan Society of North Texas Charitable Organization Social Service Agency
-
Classic Limo Limousine Service
-
US Tax Solutions Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.83M
Owner & transaction history
E Lam · 18 yrs held
E Lam
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+21.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Worth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,180,000
6.5%
$2,010,000
7%
$1,865,000
Alternative Use
Use
Estimation
RESTAURANT
$1,195,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$254 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,404
Tax year 2023
Assessed value
$548,160
Assessed 2024
Previous assessed
$548,160
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$86,125
Assessed improvement
$462,035
Land market value
$86,125
Improvement market value
$462,035
Total market value
$548,160
Applied tax rate
223.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
7,200 SF
Lot
0.79 ac (34,447 SF)
APN
20970---13----8R--20
UPID
US83-2896680
Jurisdiction
TARRANT
Metro division
FORT WORTH-ARLINGTON, TX METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.2M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
E Lam
Individual
Mailing address
4008 PLUMWOOD DR, ARLINGTON, TX 76016-4245
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2020
—
New A Malik INC
—
Deed
related
$920,000 · Commercial Bk/tx
Jan 29, 2019
—
Advanced Capital Resources INC
—
Deed
related
$959,786 · Cogent Bank
May 21, 2018
—
Advanced Capital Resources INC
—
Deed
related
$549,722 · Golden Bk
Feb 4, 2008
—
E Lam
Lam,nai M
Quit Claim Deed
related
$384,000 · United Central Bank Dallas
—
—
Advanced Capital Resources INC
—
Deed Of Trust
related
$650,000 · Golden Bank
—
—
Advanced Capital Resources INC
—
Deed Of Trust
related
$150,000 · American Nat'l Bk/tx
—
—
Advanced Capital Resources INC
—
Deed Of Trust
related
$293,000 · United Central Bank
—
—
Advanced Capital Resources INC
—
Loan Modification
related
$549,722 · Golden Bk
—
—
New A Malik INC
—
Loan Modification
related
$920,000 · Commercial Bk/tx
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6751 Lancaster Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
