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

    7612 Sommerville Place Rd Fort Worth, TX 76135

    • Commercial real estate
    For Sale
    View listing
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1135813
    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

    • Commercial real estate

    Property Details for 7612 Sommerville Place Rd

    Property type
    Commercial real estate

    Description

    This exceptional 7612 Sommerville Place Rd property in Fort Worth, Texas, offers a unique opportunity to build your dream home. Priced at $399,900, this residential land boasts a prime location within walking distance of a lake, boat ramp, and park, providing unparalleled recreational access. The existing two-story contemporary home on the property is currently available for lease, offering a potential rental income stream while development plans are underway. The home itself features approximately 2000 square feet of living space, divided into two levels with separate private entrances. The lower level encompasses 1300 square feet, including two bedrooms, two full bathrooms, a living room, and a large kitchen. The upper level adds another 700 square feet with two more bedrooms, one bathroom, a living area, and a second kitchen. The property is fully fenced and includes a beautiful iron gate entrance and an additional storage building. A shared laundry room is conveniently located downstairs. The property is situated in the desirable Azle School District and enjoys proximity to shopping, Home Depot, and various restaurants within a two-mile radius. This is a rare opportunity to acquire lakefront land in a highly convenient location. Don't miss out on this chance to create your ideal home in a thriving community.

    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
    -97.4575958
    Latitude
    32.8194301

    Comparable in this City

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    • $350,000
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      Updated Duplex Near Scenic Park

      Two updated units on oversized lot near lake and park.
      7612 Sommerville Place Rd, Fort Worth, TX 76135
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    • $724,900
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      Fort Worth Townhome-Style Quadruplex

      Cash-flowing fourplex with townhome-style units and upside potential.
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    • $4,275,000
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      Mixed-Use Property on Jacksboro Highway

      Mixed-use property with commercial, residential, and storage income potential.
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    • $469,000
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      Charming Duplex in Fort Worth

      Ideal investment or owner-occupier duplex with updated features and garages.
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      Fort Worth Quadruplex Investment Opportunity

      Eight fourplexes, 32 units, renovated, value-add potential, positive cash-flow.
      5933 Shadydell Dr, Fort Worth, TX 76135
      View Details

    Similar Nearby for Sale

    • $6,120,000
      39,168 SF

      Fort Worth Multifamily Portfolio

      36-unit townhome complex, high ROI.
      5833 Shadydell Dr, Fort Worth, TX 76135
      View Details
    • $350,000
      0.29 Acres

      Updated Duplex Near Scenic Park

      Two updated units on oversized lot near lake and park.
      7612 Sommerville Place Rd, Fort Worth, TX 76135
      View Details
    • $724,900
      0.29 Acres

      Fort Worth Townhome-Style Quadruplex

      Cash-flowing fourplex with townhome-style units and upside potential.
      5833 Shadydell Dr, Fort Worth, TX 76135
      View Details
    • $4,275,000
      0.00 Acres

      Mixed-Use Property on Jacksboro Highway

      Mixed-use property with commercial, residential, and storage income potential.
      8601 Jacksboro Hwy, Fort Worth, TX 76135
      View Details
    • $469,000
      0.10 Acres

      Charming Duplex in Fort Worth

      Ideal investment or owner-occupier duplex with updated features and garages.
      4517 Ebbtide Ct, Fort Worth, TX 76135
      View Details
    • $4,800,000
      2.85 Acres

      Fort Worth Quadruplex Investment Opportunity

      Eight fourplexes, 32 units, renovated, value-add potential, positive cash-flow.
      5933 Shadydell Dr, Fort Worth, TX 76135
      View Details

    Similar Nearby for Lease

    • $1,350 /Mo
      1,274 SF

      Updated Fourplex Unit Near Lake

      Recently updated 3 bed, 2.5 bath fourplex unit for rent.
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    • Contact for pricing
      18,600 SF

      Landmark Lakes Retail Center

      Fort Worth Community Center Spaces Available
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    • $14 SF/Yr
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      Lake Worth Retail Center Investment

      Prime Retail/Office Space Available in Lake Worth, TX
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    • $35 SF/Yr
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      Lake Worth Retail Center

      Prime Retail Space, Lake Worth
      6108 Azle Ave, Lake Worth, TX 76135
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    • Contact for pricing
      2,779 SF

      Retail and Office Space Available

      Retail and medical office spaces available with high traffic and parking.
      4625 Boat Club Rd, Fort Worth, TX 76135
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    • $25 SF/Yr
      3,976 SF

      New Retail Space Available

      Brand new retail building with customizable spaces for rent.
      6116 Lake Worth Blvd, Lake Worth, TX 76135
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    Fort Worth, TX 76135
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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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