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Property profile & analytics
OFF-MARKET
Estimated value
$6,290,000
Medical Office Space
800 Magnolia Ave Fort Worth, TX 76104-4611
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-4627889
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
54,605 SF
Lot
1.55 ac (67,692 SF)
APN
24609-1-3R
UPID
US82-4627889
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
-
Lone Star Medical Group - Fort Worth Medical Clinic
-
Amy Gunter, MD, Board Certified General Surgery Physician
-
The Center for Cancer & Blood Disorders: Fort Worth Medical Clinic Hospital
-
Texas Cancer Care Medical Clinic Hospital
-
Center For Cancer & Blood: Ochs Ann M DO Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.33M
Blend (final)
Blend
$6.29M
Owner & transaction history
Hcpi Of Utah II LLC · 9 yrs held
Hcpi Of Utah II LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.9M
+50.6%
Auto repair, garage
$6.9M
+31.7%
Restaurant
$6.6M
+26.6%
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
MEDICAL BUILDING
$5,245,000
Current use
COMMERCIAL (GENERAL)
$7,900,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,905,000
Change: +32% · Conversion: Difficult
RESTAURANT
$6,640,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$6,425,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$5,955,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$6.29M
Range $5.66M – $6.92M · ±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
$115 / 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
$237,591
Tax year 2023
Assessed value
$10,711,000
Assessed 2024
Previous assessed
$10,500,000
+2.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$2,707,680
Assessed improvement
$8,003,320
Land market value
$2,707,680
Improvement market value
$8,003,320
Total market value
$10,711,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Stories
2
Total area
54,605 SF
Lot
1.55 ac (67,692 SF)
APN
24609-1-3R
UPID
US82-4627889
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
MEDICAL BUILDING Current
Est. value
$5.2M
COMMERCIAL (GENERAL)
Est. value
$7.9M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RESTAURANT
Est. value
$6.6M
RETAIL STORES
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.0M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
OFFICE 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
2004
Heating
NONE
Stories
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Hcpi Of Utah II LLC
Entity
Mailing address
3000 MERIDIAN BLVD STE #200, FRANKLIN, TN 37067-6388
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
—
Hcpi Of Utah II LLC
Ira Magnolia LLC
Grant Deed
$2,000,000 · Private Individual
Mar 18, 2015
—
Ira Magnolia LLC
Tccmg LP
Special Warranty Deed
$10,800,000 · Siemens Financial Services INC
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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