Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6940 Kennedale Pkwy Kennedale, TX 76060-3018

    • Auto shops
    • 6,400 SF
    • 13.20 lot acres
    OFF-MARKET
    Last Sale
    Oct 19, 2021
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3509864
    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

    • ABS1 Auto Parts / Big Box & Wholesale Store / Auto Parts Store
    • Metro Truck Parking / Parking Lot & Garage
    • Metro ECM Diesel Repair / Computer & Electronic Repair

    Property Details for 6940 Kennedale Pkwy

    Year built
    2002
    Lot size
    13.20 lot acres
    Property size
    6,400 SF
    Property type
    Auto shops
    APN
    20678--1
    APU
    206781

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $590,000
      Current use
      OFFICE BUILDING
      $780,000
      Change: +32% Conversion: Difficult
      RESTAURANT
      $735,000
      Change: +24% Conversion: Difficult
      RETAIL STORES
      $550,000
      Change: -7% Conversion: Difficult
      MEDICAL BUILDING
      $525,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennedale
    County
    Tarrant
    State
    Texas
    Longitude
    -97.2076
    Latitude
    32.6308
    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
    $33,005
    $232,947
    $1,167,613
    $1,400,560
    -
    $232,947
    $1,167,613
    $1,400,560

    Comparable in this City

    • Value Estimation
      $895,000
      11,759 SF

      107 Meadowview Dr

      AUTO REPAIR, GARAGE • 11,759 SF
      107 Meadowview Dr, Kennedale, TX 76060
      View Details
    • Value Estimation by Request
      1,953 SF

      509 Kennedale Pkwy

      AUTO REPAIR, GARAGE • 1,953 SF
      509 Kennedale Pkwy, Kennedale, TX 76060-3217
      View Details
    • Value Estimation by Request
      2,210 SF

      505 Kennedale Pkwy

      AUTO REPAIR, GARAGE • 2,210 SF
      505 Kennedale Pkwy, Kennedale, TX 76060-3217
      View Details
    • Value Estimation by Request
      5,160 SF

      1111 Kennedale Pkwy

      AUTO REPAIR, GARAGE • 5,160 SF
      1111 Kennedale Pkwy, Kennedale, TX 76060-3009
      View Details
    • Value Estimation by Request
      2,290 SF

      325 Kennedale Pkwy

      AUTO REPAIR, GARAGE • 2,290 SF
      325 Kennedale Pkwy, Kennedale, TX 76060-2421
      View Details
    • Value Estimation by Request
      1,644 SF

      400 Kennedale Pkwy

      AUTO REPAIR, GARAGE • 1,644 SF
      400 Kennedale Pkwy, Kennedale, TX 76060-4616
      View Details

    Similar Nearby for Sale

    • $135,000
      0.27 Acres

      Vacant Land in Kennedale, TX

      Vacant land for new home construction in Kennedale, Texas.
      392 North Rd, Kennedale, TX 76060
      View Details
    • $950,000

      Land Available in Kennedale, TX

      Land for sale in Kennedale, Texas.
      1200 Mansfield Cardinal Rd, Kennedale, TX 76060
      View Details
    • $475,000
      7,054 SF

      Commercial Land in Kennedale, TX

      Commercial land available in Kennedale, Texas.
      800 W Kennedale Pkwy, Kennedale, TX 76060
      View Details
    • $510,900
      1.97 Acres

      Residential Vacant Lot in Kennedale

      1.97-acre residential vacant lot in Kennedale, Tarrant County, Texas.
      5746 Eden Rd, Kennedale, TX 76060
      View Details
    • New
      $1,975,000
      4,800 SF

      New Flex Office Warehouse

      New flex office warehouse in a growing DFW submarket.
      535 W Kennedale Pkwy, Kennedale, TX 76060
      View Details
    • $1,050,000

      Industrial Property in Kennedale, TX

      Industrial property available for sale in Kennedale, Texas.
      416 E Kennedale Pkwy, Kennedale, TX 76060
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,112 SF

      Retail Space in Kennedale, TX

      Retail space available for lease in Kennedale, Texas.
      5081 Little School Rd, Kennedale, TX 76060
      View Details
    • Contact for pricing
      47,076 SF

      Kennedale Warehouse Space Available

      47,076 square foot warehouse space for lease in Kennedale.
      695 Tower Dr, Kennedale, TX 76060
      View Details
    • $12 SF/Yr
      21,000 SF

      Newer Construction Warehouse Space

      Flexible lease sizes in a highly desirable location.
      7515 Hudson Cemetery Rd, Kennedale, TX 76060
      View Details
    • $4 SF/Yr
      18,446 SF

      Kennedale Warehouse Space Available

      18,446 square foot warehouse space for lease in Kennedale, TX.
      732 W Kennedale Pkwy, Kennedale, TX 76060
      View Details
    • $12 SF/Yr
      38,250 SF

      Newer Construction Warehouse For Lease

      Newer construction warehouse with flexible lease sizes in Kennedale, TX.
      7416 Mansfield Hwy, Kennedale, TX 76060
      View Details
    • Contact for pricing
      79,625 SF

      Eden Industrial Park: Kennedale Warehouses

      Multiple warehouse spaces available, 6,000-10,000 sq ft.
      0 Eden Rd, Kennedale, TX 76060
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6940 Kennedale Pkwy
    Kennedale, TX 76060-3018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.