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

    776 Alsbury Blvd Burleson, TX 76028-2653

    • Investment properties
    • 11,523 SF
    • 1.95 lot acres
    OFF-MARKET
    Last Sale
    Jul 10, 2024
    Value Estimations
    $1,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4812495
    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

    • Chevron / Gas Station
    • K-Jim's Convenience Store / Grocery & Convenience Store
    • K JIMS / Gas Station

    Property Details for 776 Alsbury Blvd

    Year built
    1987
    Lot size
    1.95 lot acres
    Property size
    11,523 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    467-13-1
    APU
    467131

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,230,000
      6.5%
      $2,060,000
      7%
      $1,910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,615,000
      Market price range: $567k - $1.94M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,205,000
      Current use
      RESTAURANT
      $1,330,000
      Change: +10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,145,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $1,125,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Burleson
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3234
    Latitude
    32.5624
    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
    $52,352
    $637,065
    $1,362,935
    $2,000,000
    -
    $637,065
    $1,362,935
    $2,000,000

    Comparable in this City

    • Value Estimation
      $1,090,000
      10,782 SF

      12201 Rendon Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 10,782 SF
      12201 Rendon Rd, Burleson, TX 76028-3007
      View Details
    • Value Estimation
      $955,000
      18,540 SF

      5220 Fm 1187

      OFFICE/RESIDENTIAL (MIXED USE) • 18,540 SF
      5220 Fm 1187, Burleson, TX 76028-3052
      View Details
    • Value Estimation by Request
      9,095 SF

      4568 Fm 1187

      OFFICE/RESIDENTIAL (MIXED USE) • 9,095 SF
      4568 Fm 1187, Burleson, TX 76028-7972
      View Details
    • Value Estimation by Request

      Renfro Center

      1,400 sft office /retail unit in Burleson TX
      327 Northwest Renfro Street | Burleson, TX 76028, Burleson, TX 76028
      View Details
    • Value Estimation by Request
      1,155 SF

      213 Eldred St

      Investment properties • 1,155 SF
      213 Eldred St, Burleson, TX 76028
      View Details
    • Value Estimation by Request
      1,867 SF

      I-35W

      Retail properties & Spaces • 1,867 SF
      0 I-35W, Burleson, TX 76028
      View Details

    Similar Nearby for Sale

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      8.10 Acres

      Land in Gated Burleson Subdivision

      8.1 acre lot in Burleson ISD, perfect for dream home.
      1641 Private Access 60200, Burleson, TX 76028
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    • $224,900
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      Residential Land in Mansfield ISD

      1.31-acre lot ready for custom home or development.
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    • $375,000
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      Income-Producing Duplex in Burleson, TX

      Well-maintained duplex ready for income generation in Burleson, Texas.
      615 Renfro St, Burleson, TX 76028
      View Details
    • $320,000
      5.00 Acres

      5 Acres Unimproved Land, Burleson

      5 acre property near Chisholm Trail tollway, FM 1902.
      8504 Fm 1902, Burleson, TX 76028
      View Details
    • $899,000
      0.39 Acres

      Burleson Restaurant with Double Drive-Thru

      Restaurant opportunity with double drive-thru in high-traffic Burleson location.
      330 John Jones Dr, Burleson, TX 76028
      View Details
    • $110,000
      0.52 Acres

      Residential Land in Mansfield School

      Half acre lot suitable for mobile home in Burleson, TX.
      2409 Hickory Ln, Burleson, TX 76028
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr

      Mixed-Use Building in Old Town

      Multi-tenant mixed-use building in Burleson's Old Town district.
      295 E Renfro St, Burleson, TX 76028
      View Details
    • $700 /Mo
      8,625 SF

      Office Space in Old Town

      Commercial office space for lease in the heart of Burleson.
      120 S Main St, Burleson, TX 76028
      View Details
    • $3,500 /Mo
      435,600 SF

      New Industrial Building in Burleson

      New industrial building with flexible suite sizes and no zoning restrictions.
      12750 Rendon Rd, Burleson, TX 76028
      View Details
    • $20 SF/Yr

      Retail Space in Burleson, TX

      9,000 SF retail space in high-income area.
      2801 Burleson Retta Rd, Burleson, TX 76028
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Burleson, Texas.
      251 SW Wilshire Blvd, Burleson, TX 76028
      View Details
    • Contact for pricing
      1,343 SF

      Retail Space in Burleson, TX

      Retail space available for lease in Burleson, Texas.
      5166 E Fm 1187, Burleson, TX 76028
      View Details
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    776 Alsbury Blvd
    Burleson, TX 76028-2653
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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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