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

    700 Texas St Fort Worth, TX 76102

    • Office buildings
    • 5,798 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    May 07, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0330905
    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

    • Office buildings

    Property Details for 700 Texas St

    Year built
    1984
    Lot size
    1.38 lot acres
    Property size
    5,798 SF
    Property type
    Office buildings
    APN
    21640-2R-1
    APU
    216402R1

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Worth
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3353
    Latitude
    32.7494
    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
    $71,783
    $3,000,000
    $0.00
    $3,000,000
    -
    $3,000,000
    $0.00
    $3,000,000

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      1301 Weatherford St

      OFFICE BUILDING • 0.10 Acres
      1301 Weatherford St, Fort Worth, TX 76102-3300
      View Details
    • Value Estimation
      $870,000
      18,001 SF

      1200 Ww Fwy

      OFFICE BUILDING • 18,001 SF
      1200 Ww Fwy, Fort Worth, TX 76102-5925
      View Details
    • Value Estimation
      $2,890,000
      132,287 SF

      100 Lexington St

      OFFICE BUILDING (MULTI-STORY) • 132,287 SF
      100 Lexington St, Fort Worth, TX 76102-2739
      View Details
    • Value Estimation
      $750,000
      23,664 SF

      2626 Ww Fwy

      OFFICE BUILDING • 23,664 SF
      2626 Ww Fwy, Fort Worth, TX 76102-7109
      View Details
    • Value Estimation
      $1,015,000
      26,810 SF

      901 Lk St

      OFFICE BUILDING • 26,810 SF
      901 Lk St, Fort Worth, TX 76102-3525
      View Details
    • Value Estimation
      $1,085,000
      33,394 SF

      501 5th St

      OFFICE BUILDING • 33,394 SF
      501 5th St, Fort Worth, TX 76102
      View Details

    Similar Nearby for Sale

    • $275,000
      2,070 SF

      Historical Office Building in Fort Worth

      2,070 SF historical building in the heart of Fort Worth.
      2821 E Lancaster Ave, Fort Worth, TX 76102
      View Details
    • $1,300,000
      4,020 SF

      Freestanding Office Building Near Downtown

      4,020 SF office building in historic Stockyards location.
      1024 N Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Office Space For Sale

      Office space available for purchase in Fort Worth, Texas.
      812 W Weatherford St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      1,673 SF

      Fort Worth Office Space - Value Add

      Multi-tenant office building, flexible lease terms.
      910 Collier St, Fort Worth, TX 76102
      View Details
    • $1,899,999
      3,806 SF

      500 Belknap St

      Office Properties & Spaces • 3,806 SF
      500 Belknap St, Fort Worth, TX 76102
      View Details
    • Contact for pricing

      Fort Worth Warehouse and Office

      Warehouse and office space in a prime Fort Worth location.
      1100 Harding St, Fort Worth, TX 76102
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      22,261 SF

      Class A Office Space

      Class A office space in downtown Fort Worth.
      777 Main St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      15,199 SF

      Class A Office Building

      99,000 SF Class A office building with parking garage.
      407 Throckmorton St, Fort Worth, TX 76102
      View Details
    • $22 SF/Yr
      6,200 SF

      Single Tenant Office Building ForRent

      6,200 SF single tenant office building with covered parking.
      900 Summit Ave, Fort Worth, TX 76102
      View Details
    • $22 SF/Yr
      900 SF

      Fort Worth Office Space Available

      Traditional Office Suites, 300-900 sq ft
      910 Collier St, Fort Worth, TX 76102
      View Details
    • $28 SF/Yr
      1,024,627 SF

      Burnett Plaza: Fort Worth Office Space

      Class A Office, Fort Worth CBD, 21 Suites Available
      801 Cherry St, Fort Worth, TX 76102
      View Details
    • Contact for pricing
      218 SF

      Single Office Space For Rent

      218 SF single office space available for rent.
      500 Main St, Fort Worth, TX 76102
      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.
    700 Texas St
    Fort Worth, TX 76102
    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.