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    Property profile & analytics

    833 N Saginaw Blvd Saginaw, TX 76179

    • Drug stores
    • 14,700 SF
    • 2.24 lot acres
    For Sale
    View listing
    $6,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0387222
    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

    • Drug stores

    Property Details for 833 N Saginaw Blvd

    Year built
    2003
    Lot size
    2.24 lot acres
    Property size
    14,700 SF
    Property type
    Drug stores
    APN
    37084-1-8
    APU
    3708418

    Description

    This exceptional investment opportunity presents a 14,560 square foot Walgreens, situated on a 2.241-acre lot at 833 N Saginaw Blvd, Saginaw, TX 76179. The property boasts a strong 4.94% cap rate and a substantial net operating income (NOI) of $271,599. This Class B retail building, constructed in 2003, benefits from an absolute NNN lease with a credit-rated tenant, Walgreens, ensuring minimal landlord responsibilities. The lease, commencing March 1, 2004, has a remaining term of approximately 4.5 years, extending to February 28, 2079. The property is zoned Commercial- RETPharm - Retail-Pharmacy and enjoys 100% occupancy since its opening. The asking price is $5,500,000, translating to a price per square foot of $374.15. This strategically located property, in a Fort Worth submarket, offers a secure, long-term investment with a national brand tenant. Lease options are available. Detailed lease documents, surveys, and other relevant information are available upon request. This is a rare opportunity to acquire a stable, income-producing asset in a desirable Texas location. The property is located in Tarrant County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,594,000
      Market price range: $545k - $1.93M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,250,000
      Current use
      RESTAURANT
      $1,810,000
      Change: +45% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,530,000
      Change: +22% Conversion: Easy
      OFFICE BUILDING
      $1,345,000
      Change: +8% Conversion: Easy
      MEDICAL BUILDING
      $1,290,000
      Change: +3% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,200,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Tarrant
    State
    Texas
    Longitude
    -97.3746
    Latitude
    32.8715
    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
    $52,510
    $1,376,964
    $1,066,911
    $2,443,875
    -
    $1,376,964
    $1,066,911
    $2,443,875

    Comparable in this City

    • Value Estimation
      $1,745,000
      13,446 SF

      8601 Boat Clb Rd

      DRUG STORE, PHARMACY • 13,446 SF
      8601 Boat Clb Rd, Fort Worth, TX 76179-3604
      View Details
    • Value Estimation
      $2,025,000
      15,394 SF

      1301 Saginaw Blvd

      DRUG STORE, PHARMACY • 15,394 SF
      1301 Saginaw Blvd, Saginaw, TX 76179-5095
      View Details
    • Value Estimation
      $1,395,000
      23,280 SF

      4525 Bailey Boswell Rd

      GROCERY, SUPERMARKET • 23,280 SF
      4525 Bailey Boswell Rd, Fort Worth, TX 76179-4326
      View Details
    • Value Estimation by Request
      3,010 SF

      741 Bailey Boswell Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,010 SF
      741 Bailey Boswell Rd, Saginaw, TX 76179-1011
      View Details
    • Value Estimation
      $540,000
      6,063 SF

      740 Saginaw Blvd

      FINANCIAL BUILDING • 6,063 SF
      740 Saginaw Blvd, Saginaw, TX 76179-2109
      View Details
    • Value Estimation
      $990,000
      7,114 SF

      140 Saginaw Blvd

      RETAIL STORES (PERSONAL SERVICES) • 7,114 SF
      140 Saginaw Blvd, Saginaw, TX 76179-1332
      View Details

    Similar Nearby for Sale

    • $5,500,000
      14,700 SF

      Walgreens NNN Retail Investment

      Texas Walgreens; 4.94% Cap Rate
      833 Saginaw Blvd, Saginaw, TX 76179
      View Details
    • $6,000,000
      2.24 Acres

      Retail Redevelopment or NNN Investment

      Retail property in Saginaw, TX, with redevelopment potential or NNN investment.
      833 N Saginaw Blvd, Saginaw, TX 76179
      View Details
    • $999,995
      2,990 SF

      Commercial Condo Building For Sale

      Commercial condo building with office/retail space in a well-established corridor.
      5748 Boat Club Rd, Fort Worth, TX 76179
      View Details
    • Contact for pricing
      0.98 Acres

      Prime Fort Worth Retail Land

      Pad-ready site near new residential community
      4772 Old Decatur Rd, Fort Worth, TX 76179
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    • $5,500,000
      14,700 SF

      833 Saginaw Blvd, Saginaw, TX 76179

      Retail properties • 14,700 SF
      833 Saginaw Blvd, Saginaw, TX 76179
      View Details
    • $2,882,000
      2,914 SF

      Freestanding Chicken Express Investment Property

      Absolute NNN leased Chicken Express in Fort Worth, Texas.
      7113 Boat Club Rd, Fort Worth, TX 76179
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,800 SF

      Retail Space in New Center

      4,000 SF retail space in growing Fort Worth area.
      8652 Bryson Ln, Fort Worth, TX 76179
      View Details
    • Contact for pricing
      3,766 SF

      New Retail Strip For Lease

      New retail strip located near residential and school areas.
      W Bailey Boswell Rd, Fort Worth, TX 76179
      View Details
    • $25 SF/Yr
      1,209 SF

      Retail Space in Fort Worth

      Retail space available for lease in Fort Worth, Texas.
      1201 Longhorn Rd, Fort Worth, TX 76179
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Saginaw, Texas

      Retail space available in a neighborhood shopping center.
      1441-1453 N Saginaw Blvd, Saginaw, TX 76179
      View Details
    • $25 SF/Yr
      1,200 SF

      Retail/Office Space on N Saginaw

      New retail/office development with build-out options and monument signage.
      325 N Saginaw Blvd, Saginaw, TX 76179
      View Details
    • $23 SF/Yr
      1,100 SF

      Retail Space in Saginaw Center

      Retail space available in well-established Saginaw shopping center.
      702-736 S Saginaw Blvd, Saginaw, TX 76179
      View Details
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    Saginaw, TX 76179
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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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