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

    6832 Cp Bowie Blvd Fort Worth, TX 76116-7115

    • Auto shops
    • 3,731 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2021
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-1359183
    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

    • 3A’s Mufflers / Muffler Shop
    • 3A’s Mufflers & state inspections / Muffler Shop

    Property Details for 6832 Cp Bowie Blvd

    Year built
    1953
    Lot size
    0.17 lot acres
    Property size
    3,731 SF
    Property type
    Auto shops
    APN
    -2970---18----3A--20
    APU
    2970183A20

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $263,000
      Market price range: $161k - $509k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $315,000
      Current use
      MEDICAL BUILDING
      $330,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4356
    Latitude
    32.7219
    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
    $6,936
    $72,580
    $220,986
    $293,566
    -
    $72,580
    $220,986
    $293,566

    Comparable in this City

    • Value Estimation
      $275,000
      616 SF

      7385 Vickery Blvd

      AUTO REPAIR, GARAGE • 616 SF
      7385 Vickery Blvd, Benbrook, TX 76116-9245
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    • Value Estimation
      $320,000
      3,500 SF

      3144 Alta Mere Dr

      AUTO REPAIR, GARAGE • 3,500 SF
      3144 Alta Mere Dr, Fort Worth, TX 76116-5205
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    • Value Estimation
      $400,000
      7,500 SF

      3317 Cherry Ln

      AUTO REPAIR, GARAGE • 7,500 SF
      3317 Cherry Ln, Fort Worth, TX 76116-6404
      View Details
    • Value Estimation
      $370,000
      4,515 SF

      8505 Cp Bowie W Blvd

      AUTO REPAIR, GARAGE • 4,515 SF
      8505 Cp Bowie W Blvd, Fort Worth, TX 76116-6204
      View Details
    • Value Estimation
      $300,000
      3,049 SF

      7613 Cp Bowie W Blvd

      AUTO REPAIR, GARAGE • 3,049 SF
      7613 Cp Bowie W Blvd, Fort Worth, TX 76116-6413
      View Details
    • Value Estimation
      $240,000
      2,800 SF

      3040 Marquita Dr

      AUTO REPAIR, GARAGE • 2,800 SF
      3040 Marquita Dr, Fort Worth, TX 76116-4018
      View Details

    Similar Nearby for Sale

    • $1,499,000
      0.49 Acres

      Established Auto Sales Business Opportunity

      Long-standing Fort Worth auto sales business with excellent reputation.
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      View Details
    • $1,200,000

      Renovated Retail Center on Camp Bowie

      Retail center with recent renovations and high-traffic location.
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      Retail Land for Sale

      Retail and commercial land with redevelopment potential.
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      15,840 SF

      Retail Opportunity at Ridgmar Mall

      Retail space for sale on JCPenney outparcel at Ridgmar Mall.
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      Retail property for sale on Camp Bowie Boulevard.
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    Similar Nearby for Lease

    • Contact for pricing
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      Prime Fort Worth location, multiple spaces available.
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      Fort Worth retail spaces available now
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      1,000 SF

      Retail Space in Fort Worth

      1000 sq ft retail space available for rent.
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    • $9 SF/Yr
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      High Visibility Retail Opportunity

      Stand-alone building with ample parking and high traffic exposure.
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    • Contact for pricing
      1,218 SF

      Retail Space with Facade Upgrade

      Retail spaces available in neighborhood retail center with great parking.
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    • Contact for pricing
      1,780 SF

      Retail Space on Alta Mere

      Retail space available in highly visible Fort Worth center.
      750 Alta Mere Dr, Fort Worth, TX 76116
      View Details
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    Fort Worth, TX 76116-7115
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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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