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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Drug stores
7220 Blue Mound Rd Fort Worth, TX 76131-4802
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-1209836
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2015
Total area
13,520 SF
Lot
1.22 ac (53,274 SF)
APN
2883-1-3R1
UPID
US83-1209836
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Kodak Kiosk (Bike/Boat/Book/etc) Store
-
MoneyGram Bank Credit Union
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$1.97M
Owner & transaction history
North Pointe Investors LP · 6 yrs held
North Pointe Investors LP
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+27.0%
Auto repair, garage
$1.5M
+16.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,305,000
Current use
RESTAURANT
$1,655,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,520,000
Change: +17% · Conversion: Difficult
OFFICE BUILDING
$1,235,000
Change: -5% · Conversion: Easy
MEDICAL BUILDING
$1,190,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±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
$146 / 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
$63,239
Tax year 2023
Assessed value
$2,491,000
Assessed 2024
Previous assessed
$2,583,750
-3.6% YoY
Effective rate
2.54%
On assessed value
Assessed land
$905,301
Assessed improvement
$1,585,699
Land market value
$905,301
Improvement market value
$1,585,699
Total market value
$2,491,000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Total area
13,520 SF
Lot
1.22 ac (53,274 SF)
APN
2883-1-3R1
UPID
US83-1209836
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
RETAIL STORES Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
2015
Heating
NONE
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
North Pointe Investors LP
Entity
Free & Clear · 6 yrs held
Mailing address
940 CALLE NEGOCIO, SAN CLEMENTE, CA 92673-6279
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
May 22, 2020
—
North Pointe Investors LP
—
Deed
related
$5,195,000 · American First Cu
Apr 20, 2020
—
North Pointe Investors LP
Orange Basswood LLC
Grant Deed
—
Apr 4, 2018
—
Orange Basswood LLC
—
Deed
related
$4,000,000 · Wells Fargo Bank NA
Sep 2, 2015
—
Orange Basswood LLC
Graham Mtg
Trustees Deed
$9,627,020 · Renasant Bk
Aug 4, 2010
$4,400,000
Graham Mtg
Drumm David G
Trustees Deed
related
—
Jul 7, 2010
$5,000
Graham Mtg
Drumm David G
Trustees Deed
related
—
—
—
Quadrant Blue Mound Ptrs Ltd
—
Deed Of Trust
related
$173,753 · Quorum Tax Funding LLC
—
—
North Pointe Investors LP
—
Deed Of Trust
related
$5,195,000 · American First Cu
—
—
Quadrant Blue Mound Ptrs Ltd
—
Deed Of Trust
related
$106,009 · Tax Ease Fndg
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.
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