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

    6940 Harris Pkwy Fort Worth, TX 76132-4253

    • Medical offices
    • 16,836 SF
    • 2.13 lot acres
    OFF-MARKET
    Value Estimations
    $980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9025186
    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

    • Centre for Neuro Skills / Rehabilitation Center

    Property Details for 6940 Harris Pkwy

    Year built
    2017
    Lot size
    2.13 lot acres
    Property size
    16,836 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    7262-1-2R2
    APU
    726212R2

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,197,000
      Market price range: $855k - $1.66M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,165,000
      Current use
      RESTAURANT
      $1,370,000
      Change: +18% Conversion: Difficult
      OFFICE BUILDING
      $1,085,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.4199
    Latitude
    32.6496
    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
    $95,857
    $926,560
    $3,243,440
    $4,170,000
    -
    $926,560
    $3,243,440
    $4,170,000

    Comparable in this City

    • Value Estimation
      $515,000
      8,232 SF

      6116 Oakbend Trl

      MEDICAL BUILDING • 8,232 SF
      6116 Oakbend Trl, Fort Worth, TX 76132-3925
      View Details
    • Value Estimation
      $680,000
      11,496 SF

      7833 Oakmont Blvd

      MEDICAL BUILDING • 11,496 SF
      7833 Oakmont Blvd, Fort Worth, TX 76132-4231
      View Details
    • Value Estimation
      $835,000
      9,100 SF

      7429 Oakmont Blvd

      MEDICAL BUILDING • 9,100 SF
      7429 Oakmont Blvd, Fort Worth, TX 76132-3905
      View Details
    • Value Estimation by Request
      4,127 SF

      6401 Harris Pkwy

      MEDICAL BUILDING • 4,127 SF
      6401 Harris Pkwy, Fort Worth, TX 76132-6101
      View Details
    • Value Estimation
      $855,000
      17,021 SF

      6500 Harris Pkwy

      MEDICAL BUILDING • 17,021 SF
      6500 Harris Pkwy, Fort Worth, TX 76132-4136
      View Details
    • Value Estimation by Request
      2.95 Acres

      6551 Harris Pkwy

      MEDICAL BUILDING • 2.95 Acres
      6551 Harris Pkwy, Fort Worth, TX 76132-6103
      View Details

    Similar Nearby for Sale

    • $6,400,000
      15,050 SF

      Prime Benbrook Medical Office Building

      Class A, 15,050 SF, Owner-User Opportunity
      6101 Southwest Blvd, Fort Worth, TX 76132
      View Details
    • Contact for pricing
      1 SF

      Tavolo Park: Prime Retail Pads

      Fort Worth retail pads, lease/sale.
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      Commercial Land for Sale

      Multiple commercial lots available in a growing area.
      7101 Dutch Branch Rd, Fort Worth, TX 76132
      View Details
    • $1,200,000

      Land Available in Fort Worth

      Land for sale in Fort Worth, Texas, 98,228 SF
      Oakmont Blvd, Fort Worth, TX 76132
      View Details
    • $2,825,301
      10.84 Acres

      Rall Ranch: Benbrook Commercial Land

      10.84 Acres, Prime Commercial Location
      7101 Dutch Br Rd, Benbrook, TX 76132
      View Details
    • $1,999,000
      1.14 Acres

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      Two adjacent lots in gated community to build custom dream home.
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    Similar Nearby for Lease

    • Contact for pricing
      15,050 SF

      The HQ: Benbrook Medical Office Space

      Class A Medical Office Suites, Fort Worth, TX
      6101 Southwest Blvd, Fort Worth, TX 76132
      View Details
    • Contact for pricing
      6,170 SF

      Fort Worth Medical/Office Space

      Medical/office space with access to Chisholm Trail tollway.
      5801 Oakbend Trl, Fort Worth, TX 76132
      View Details
    • Contact for pricing
      2,948 SF

      Fort Worth Medical Office Space

      Medical office space with convenient access to hospitals and tollway.
      7100 Oakmont Blvd, Fort Worth, TX 76132
      View Details
    • Contact for pricing
      8,318 SF

      Medical Office Space Available

      New medical office building in southwest Fort Worth medical district.
      6844 Harris Pkwy, Fort Worth, TX 76132
      View Details
    • $29 SF/Yr
      1,232 SF

      Office Space with Private Offices

      Office space featuring private offices, storage, and kitchenette.
      7625 S Bellaire Dr, Fort Worth, TX 76132
      View Details
    • $18 SF/Yr
      59,717 SF

      Hulen Oaks Retail Space For Lease

      Prime Tarrant County retail space available.
      4611 Hulen St, Fort Worth, TX 76132
      View Details
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    6940 Harris Pkwy
    Fort Worth, TX 76132-4253
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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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